Custody & Settlement
A highly scalable system to automate complete custody and settlement operations, minimise exposure to risk and improve decision making
The back office forms the backbone of any financial organisation, but is often under appreciated. Due to the nature of its work (high volume and a lot of detail) it is also probably the location of most of an organisations inefficiency and consequently, possibly the greatest source of potential gains in productivity.
The Contemi Custody and Settlement solution is designed to create efficiencies and reduce risk through automation. However, not only does it allow you to create straight through processing and best practice, its workflows are highly configurable ensuring that you can automate your way, encapsulating the essence of what makes you unique and what differentiates your offerings. This flexibility also future proofs your back office, providing the ability to introduce new business models and products in the future, or in adapting to new regulatory challenges.
Business Benefits
Reduce Risk
Improved automation and strait through processing enforces best practice and reduces manual errors
Daily reconciliation with custodial/CDP records ensuring that transaction and holdings records are correct, or flagging exceptions allowing for timely rectification
Keep the regulators at bay by ensuring compliance with present regulations
Increased Efficiencies/Reduced Costs
Improvements in straight through processing allows more to be managed with less, driving productivity up and costs down
Configuration flexibility allows automation of your bespoke practices, capturing your unique value propositions
Enable Growth
Ensure that scalability in your back office does not impede your plans to grow both AUM and account numbers
Flexibility in configuration allows you to change or add business models, facilitating great nimbleness and the ability to pursue new market niche
Capabilities
Supported Structures and Accounts
Full support for both Model A and Model B settlement models
The management of both segregated and omnibus client custody account structures
Provision of general trading and specific purpose (ISA, SIPs etc.) accounts including tax reporting, for example ISA14, ISA25 and Electronic Returns
Custody and Settlement
Records and segments client money within cash books facilitating CASS compliance
Provides a security transaction book of record
Crest gateway (two way integration) and / or messaging and integration to other CDPs and custodians
Automated tools to ensure both cash and security positions are in line with custodial records for both segregated and omnibus account structures
Full integration to WIN’s Reconciliation module if high levels of sophistication are required
A comprehensive security master file, recording reference and price data for most instrument types
Fully configurable workflows enabling automated straight through processing and management by exception
Configurable general ledger account structure
Regulations & Reporting
Single layer, data source of truth to facilitate all form of reporting including client, transaction, tax (Capital Gains Tax), and regulatory
Counterparty and large exposure risk reporting
Compliant with all present regulations including MiFID II, FATCA, and CRS/AEOI reporting
