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is a complete NSCC Fund/SERV trading, confirmation, settlement and reconciliation application for funds which will automate and standardize the entire trading, settlement and reconciliation process with any NSCC member firm (broker).
integrates with numerous services from the NSCC such as Fund/SERV, DCC&S, Networking, Mutual Fund Profile/ Pricing, Commission Settlement and ACATS allowing funds to distribute their shares through the NSCC to any NSCC member fund.
is extremely flexible for easy integration into any back end shareholder recordkeeping or transfer agent system.
 

NSCC Fund/SERV

Transactions

  • Trade with any NSCC member firm
  • Supports all NSCC trade types
  • Tracks unique NSCC trade Control Number
  • Polices trade cutoff time by NSCC cycle code
  • Automated Net Settlement of trades
  • Multi-currency trading
  • Country Specific Holiday Schedules
  • Trading rules at system, fund group, broker levels

Account Enrollment

  • Supports B50/401 account enrollment processing
  • Supports Omnibus or fully disclosed accounts
  • Handles all Matrix Levels (including 3)

NSCC Networking

Distribution Reporting

  • Ability to manually enter fund distribution information
  • Ability to import fund distribution information
  • Builds the NSCC fund distribution file to send to brokers

Position Reporting/Reconciliation

  • Tracks the share balance for each account
  • Option to update the share balance on trade confirmation or settlement
  • Builds NSCC file of account share balances to send to brokers
  • Reconcile share balances from transfer agent system against the FundTrader reported share balances

Daily Activity

  • Reports all fund-originated transactions to broker on account

NSCC Commission Settlement

Broker/Office/Rep/Commission Processing

  • Tracks Broker, Office, Rep names and addresses
  • Validates brokers by authorized fund group
  • Broker trading rules
  • Specific processing to handle Merrill Lynch, Pershing and NFS
  • Merrill Lynch SPAC file required to provide positions and settled transactions
  • Report and pay Broker commissions

NSCC Mutual Fund Profile/Pricing

  • Reports fund prices/factors
  • Stores historical prices

Automation/Integration

  • Automate entire business flow with NSCC
  • Easily integrates with any back end system through standard interfaces

Security and Audit Trail

  • Operator profiles grant or  restrict access to system functions
  • Audit trail of all data changes
  • Maker/Checker functionality

Reporting

FundTrader for Funds includes a comprehensive set of standard reports that can be created at any time by the end user. FundTrader for Funds also produces reports as a byproduct of processes in the system such as importing or exporting trades. All reports can be browsed on the screen, printed, or a file can be produced.


Ad Hoc reporting is also available through the use of our Ad-Hoc Data Extract module, which allows a user to choose the table and fields they want extracted and create a tab-delimited file of the data.



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