Prospero 365 Fund is a revolutionary financial software designed to fill all of your fund management and administration needs. Prospero Fund lets you trade any kind of financial instrument available. You can create flexible investment restrictions and compliance is easily monitored with pre-trade breaches displayed online and post-trade breaches displayed in a queue. Furthermore, detailed analytics
Prospero 365 Fund is a revolutionary financial software designed to fill all of your fund management and administration needs.
Prospero Fund lets you trade any kind of financial instrument available. You can create flexible investment restrictions and compliance is easily monitored with pre-trade breaches displayed online and post-trade breaches displayed in a queue. Furthermore, detailed analytics compare your performance to a benchmark’s.
Moreover, to help you maintain regulatory compliance, Prospero Fund provides for comprehensive fund accounting. It supports NAV calculation for a number of fund structures and calculates NAV in any base currency at any frequency. And since there can’t be compromises when it comes to fund accounting, NAV can be verified online.
Prospero Fund also provides for comprehensive fund administration. It supports corporate actions processing and shareholder recordkeeping, and comes with an integrated, real-time general ledger. You can define interfaces with all necessary third parties. And, a number of reports are available for both current and historical periods.
Highlights:
Operates as a stand-alone system or integrates seamlessly with a legacy system or other Prospero solutions
Compliant with IFRS accounting standards
Supports all types of funds and all asset classes
Totally scalable: no limitation in terms of number of funds and number of investors
Allows online subscriptions and redemptions with flexible time periods
Lets you create investmentrestrictions and monitor compliance online
Lets you view fund performance for any period of time
Offers many types of fee calculations for any frequency such as performance fees, fees with hurdle rate, fees with high water mark, and management fees
Calculates NAV for a number of fund structures in any base currency at any frequency
Allows calculation of trial NAV and rollback NAV before publishing
Handles fund administration, including an integrated real-time general ledger, and supports shareholder recordkeeping and corporate action processing
Handles funds restrictions and limitations such as periods, cut-off times, minimum amounts, regulatory checks and many more
Lets you define interfaces with all necessary third parties
Offers detailed analytics that calculate your performance relative to a benchmark’s
Comes with a full set of standard reports for both current and historical periods, and lets you customize your own reports
Additional Functionality for Islamic Funds:
Supports all asset classes that adhere to Islamiclaws, allowing investment in Islamic liability products, asset products, real estate, private equity funds and limited partnerships
Allows you to create two segregateduniverses of financial instruments–Islamic and non-Islamic—and warns you if you try to select a non-Sharia-compliant instrument for a Sharia-compliant fund
Offers pre–trade and post–trade alerts to help you maintain compliance with Sharia law
Supports the Hijricalendar
Offers Islamic fund accounting
Allows you to send reports and fact sheets to clients in Arabic
Benefits:
Short time to market: rapid implementation
Easy configuration: set-up is done through tables. No code and scripts are required
Flexible workflow settings: orders routing is flexible. Orders are routed from one department to the other with different authorization levels with pre-trade checks
All financial instruments coverage: any type of financial instrument including structured products and derivatives
Compliance and investment restrictions: online checks with warning or blocking messages, pre-trade or post trade reporting and alert to compliance officers
Audit: full audit trail of changes
Reporting: integrated report generator
Intelligent Rules and Conditions engine: set-up any type of commission, any workflow, any fee schedule, any tax regulation using flexible tables
Implement at your pace: rollout Prospero in phases or by replacing entirely your system in one-go
Keep up with the story. Subscribe to the Bobsguide free daily
newsletter.