HiPortfolio 3v10, the latest release of investment accounting and asset servicing software from DST Global Solutions, has an extended depth of processing for derivatives processing, reconciliation and unit pricing.
Derivatives processing has been enhanced to provide capability for total return swaps (TRS) and contracts for difference (CFD). This extends the current strategy to allow clients flexible accrual processing and to leverage existing systems within a client’s operations with HiPortfolio focused on the areas of cashflows, resets, corporate actions and investment accounting.
Improvements to reconciliation functionality include increased module parameters to meet diverse sets of business processes, such as Foreign Exchange reconciliation and the ability to trigger email alerts to speed up exception resolution.
For unit pricing, more configurations have been provided for the creation of attribution reports to explain exceptions, to speed up the key area of issue resolution and to ensure that unit prices are published on time and in high quality. Specific market enhancements have been made to deepen the functionality for Australian clients who need sophisticated processing associated with Tax of Financial Arrangements (TOFA) requirements, such as re-estimations for future cash flow changes, US Insurance requirements for National Association of Insurance Commissioners (NAIC) quarterly and annual updates and the extension of instrument coverage to support market specifics for Chinese OTC Repos.