SOLUTIONS FOR DISTRIBUTORS
Fund trade management and position & income reconciliation
A comprehensive investment fund trading and reconciliation platform for financial intermediaries. Modernize trade processing with the NSCC, sub-custodian(s), or directly with fund managers with automation to; reduce the need for manual adjustments, minimize errors, and provide heightened transaction visibility.
Maximizing the use of straight-through processing, the functionality delivers streamlined trade execution with efficient and controlled exception handling.
WHY DISTRIBUTORS CHoOSE DELTA DATA
Optimizing your trade execution
Our fully automated, rule-based trade decision engine has the ability to manage multiple clearing conduits from a single platform, and...
- Delivers a comprehensive suite of trading applications to automate account registration, trading, settlement, position reconciliation, and income processing
- Maximizes the use of straight-through processing
- Provides streamlined trade execution with efficient and controlled exception handling
- Supports firms with the necessary scalability, stability, control, and security to meet the challenges of business growth
Must-Have Functionality
Aggregation and Disaggregation of Omnibus Trades
- Aggregate trades from the book of records system to create Omnibus trade, reducing the number of trades executed
- De-aggregate settled trades to properly credit accounts in the book of records systems
Full Validation of Transactions Before Being Sent to Fund
- Automate order validation to reduce risk of rejected trades
Sophisticated Trade Routing
- Automate support for trading with an unlimited number of clearing partners, streamlining bifurcated trading
- Eliminate the need for “one-off” trading
Intelligent Logic for Position and Income Reconciliation
- Facilitate exception-based processing for increased resource efficiency
Trade Management
A centralized trading desk, which facilitates a direct connection to investment managers via Fund/SERV, Networking, DCC&S, Mutual Fund Profile Service, and DTCC Payment aXis. The trade management system delivers streamlined trade execution with efficient and controlled exception handling.
Position Reconciliation
A fully automated daily position reconciliation for both fully disclosed and omnibus mutual fund accounts. Position reconciliation compares reported positions, analyzes variances, determines outstanding items, categorizes the nature of the reconciling items, and assigns a reconciliation status based on the results.
Income Reconciliation
The processing of dividend and capital gains payments by calculating anticipated distribution amounts. The income reconciliation function calculates the daily interest earned on accrual funds and maintains calculated amounts for each day in the accrual period. At period-end, the calculated amounts are reconciled with the actual paid dividend.
Your Dedicated Partner
Delta Data is unique in the investment fund industry
All of our solutions are specifically designed to eliminate the complexity of processing investment funds, as well as provide oversight capabilities for these securities, allowing the investment fund industry to communicate more easily, manage risk more effectively, and process data more efficiently. Funds are all we do!