Fundtrack
PMS
Treasury
Trade Money       
Strabus Fundtrack

The different functions of Strabus Fund Track are

Deal


Inter-Group Transactions


Settlements


Corporate Action


Unit Transactions


Expenses and Charges


Accounting

Deal

There are two types of deals that can be entered into the system. They pertain to Money Market : These would include deals for all the instruments traded in the money markets like the Treasury Bills, Govt. Securities, Floating Rate Notes, CP's, CB's, CD's etc. and the type of deals that can be entered are Outright purchase and sale and Repo purchase and sale deals. The Deals in the Call/Notice and Term money can also be entered and the deals supported by the system are fresh borrowing/lending, extension of borrowing / lending and the reversal of borrowing and lending deals. Stock Exchange deals: These would be for different types of instruments like Shares, Debentures, Warrants etc. For Stock Exchange deals, Deals and Contract Note are entered. These are then reconciled. Reconciled deals are then ready for settlement. If the client has multiple schemes, there is a possibility that the holdings of one scheme, is transferred to another scheme. The system tracks these inter scheme transfers and generate appropriate reports for SEBI guidelines

Inter-Group Transactions

When the Fund transacts in the securities of companies belonging to its AMC, the transactions are treated as Inter-group transactions. The system identifies these securities and warns the user in case these transactions lead to combined investment to the tune of 25% of collective NAV of the schemes maintained by the same AMC.

Settlement

Once the deals are entered, approved and reconciled, they are ready for settlement. In the settlement option, user can print deal slips, receipts, cheques, SGL forms and also enter the details of the cheques or SGL received from the parties. On-line settlement of all the deals done can be done by the system as and when the deals are authorised.

Corporate Action

User can either enter or upload various types of Corporate Action Announcements. These can be

Mergers
Acquisitions
Consolidations
Bonus
Rights
Dividend
Public Issues

There are other implicit announcements which the system supports like

Coupon Payments
Redemption of Bonds and Debentures

Unit Transactions

The system maintains number of units vis-a-vis daily transactions in Units. Further the system supports the Purchase and Sale reversal in Unit transactions. These unit transactions in turn update the Unit holdings. These units are used to arrive at the NAV.

Expenses and Charges

The two broad types of expenses which system supports are Fixed Expenses and Transaction related expenses. The system supports definition and ammortisation of different expenses. Ammortisation could be Daily, Weekly, Monthly, Quarterly, Half Yearly Yearly Or any other user defined period The system also supports accrual of transaction charges that can be defined in the system. Once the actual charges are settled, the accrued expenses can be reversed and the actual expenses be accounted for.

Accounting

As each fund could have its own Accounting policies, the method of passing accounting entries would have to be different for each Fund. This requirement is met by the system by providing rule definitions in the system. User can define Accounting rules in the system which are then interpreted and used by the by the system while passing the accounting entries. This method provides the user the flexibility to cater to various customers’ requirements.

    Account Segments

Every accounting transaction that is generated in the system has data pertaining to the transaction. This data can contain upto 5 different data elements based on user choice. They could be security type, security code, broker code etc.

    Balance Sheet, Income & Expenditure Account

The fund manager according to the practices adopted by him can define the Balance Sheet, Income and Expenditure Account and NAV formats. This leaves a large room for flexibility to the Fund Manager as he can change the format without actually changing the code reducing considerably the maintenance requirement.

    NAV Recalculation

To provide flexibility, the NAV can be rerun any number of times. Thereby insuring no entries are missed out and providing tentative information to the Fund Manager. The system allows the User to recalculate NAV, to add incremental entries passed or to return a particular item of NAV or to make a total recalculation of NAV with deletion of stored values. However, the above process is not available after the NAV of the day is authorised.

    NAV Comparisons

The system can show the differences between two days as a Variance Report in terms of Upward and Downward swings with percent change.

    Investment Model

Investment Model is a Fund Managers privilege wherein he can define the Portfolio of the Fund in terms of Percentage (from - to), Number of Securities (Range). The Portfolio can be maintained under the following heads

    Industry wise: Within an industry, the portfolio can be maintained Instrument-wise (Shares, Bonds,etc.) and within each instrument-wise security-wise. Instrument-wise: The portfolio can be maintained instrument-wise and within each instrument-wise, security-wise. Security-wise: This information gives the user a warning in case he is trying to buy or sell a security in which the holdings have reached the level specified in the investment model.

    Portfolio Analysis

The portfolio Analysis is a powerful tool for a Fund Manager where in he can actually look at the Funds invested in different segment vis-a-vis his Investment Model. The portfolio Analysis is very flexible allowing the Fund Manager to actually compare the Portfolios of any given dates. Further, the portfolio is based on the Market value ( in case not available, Intrinsic Value of the instrument is considered) shown against the NAV of a given day or against the Face value of the Unit.

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