HedgeTek has a comprehensive Transfer Agency (TA) system that addresses an industry demand for hedge fund administrators to have a single solution for both TA and Fund Accounting. By having TA and Fund Accounting on a single platform, it reduces tech stacks, addresses operational resource challenges, and improves efficiency across the board.
Transfer Agency
- Investor registry for all static and regulatory data entry as one-time setup to be used across clients/funds within the database
- Related party and contact details repository with ability to flag multiple preferred delivery methods (email, web, fax, postal) for reporting
- Ability to store multiple bank wire details per Investor record
- Investor master static tables for user defined dropdown selection options, e.g. FATCA types, AIFMD, etc.
- Customizable controls for maker/checker across all investor related panels
- KYC, AML and compliance tracking with logic based risk ratings
- FATCA/CRS data entry and relevant reporting for regulatory filings
- Ability to input and monitor receipt of required documents for KYC and tax purposes
- Automatic KYC expiry handling
- Scheduled daily extract for sanction list screening
- Customizable maker/checker controls for compliance data entry
- Subscriptions, redemptions, transfers between investors, exchanges between classes/series, series consolidation, dividend distribution and reinvestments for both monetized and unitized funds
- Calculation of next available trade date based on user defined criteria for trade frequency, notice period, lock ups, etc.
- Order warnings displayed for user acceptance where in breach of trade criteria for audit purposes
- Multi-currency trade entry
- Facility to enter user defined GAV per share and/or user defined FX rates for recording subscriptions and redemptions
- Customizable maker/checker controls for trade entry
- Cash management capability via rule driven cash receipt/payment dates
- Calculation of initial vs residual payment amounts
- Automated cash extract to upload into a cash management tool
- Customizable maker/checker controls for cash entry
