Record Keeping Services
- 01:51
Understand the different reports provided by master record keepers
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So what are the types of reports that we can provide as a master record keeper if we are the global custodian? Well, in the investment accounting section, we can provide consolidated bespoke reports to support the year end financials of that particular fund. We can be reporting the assets held outside of our safekeeping, so it's not just the ones that we we're safe keeping directly ourselves. It's also the ones that we are sub custodian. We can provide unaudited daily and more importantly, audited monthly reports. We can also provide compliance monitoring report. Now within performance measurement, we can provide customized reports. These can be looking at the performance of the actual fund itself. These can be provided on a monthly or daily basis, and we can also be looking at a reconciliation of returns with the fund manager. Now, the delivery of these reports might be via an online delivery system that we, as the custodian bank, have invested an awful lot of money in, and it will be real time. As it's real time. We're going to give them access to the actual cash balances on a real time basis and the securities positions and the activity and the expected closure dates of those securities. This will assist the client look at their cashflow forecasting. The client can create and automate delivery of bespoke reports so that they themselves can then pop that in their in-house systems and it will provide all the data that they wish to have on an automated basis. From the data that we as the global custodian provide, they'll be able to do online daily valuations as well as monthly investment accounting report. And very importantly, the electronic delivery of the reports will include the performance measurement. Now, these performance measurements may be on various different categories, whether that be compliance measurements, whether that be risk measurements, whether that be on straight through processing measurements, the list goes on.