Technology that makes life easier
| Trade Accounting |
| The Trade Accounting component of TheBooks provides a
multi-currency accounting engine tailored to the accounting and reporting
requirements of the CTA with managed accounts. It handles commission and
fee accruals and charging. Management fees, incentive fees, and interest
accruals are formula-based. Integration with the Web-based performance
reporting module provides easy distribution of all performance tables and
other reports. |
|
Flexible, multi-currency accounting |
| The Accounting module of TheBooks is a true, multi-currency
chart of accounts that allows accounts and portfolios to be domiciled in
any currency. Information is presented as both a balance sheet and
an income statement (in the form of performance tables) and can viewed
rolled up to the reporting currency or at the individual currency levels. Back and forward-dated transactions make it easy to maintain accurate records of all activity. Daily currency fluctuation calculations provide an indispensable tool to effectively manage cash in multiple currencies. |
|
Trading commissions and fees |
| By maintaining commission and fee schedules for each
account at the market level combined with a streamlined commission
adjustment interface, you have the ultimate flexibility to track trading-related
fees at as gross or as fine a level of accuracy as required. Because
of TheBook's straight-through processing,
as trades are posted, all commission and fee accruals and charges
automatically happen. |
|
Account interest |
| Accounts can earn interest based on brokerage cash, cash
held elsewhere, or based on securities purchased on behalf of the
account. Interest is accrued based on user-defined, account-specific
formulas (for brokerage cash, cash held elsewhere) on a daily basis and
the recording of interest payments is as simple as entering the amount
received in a spreadsheet-like interface. Because the effective date for receipt of interest payments can be anytime, you can batch the receipts at the end of the month, or enter them in anticipation of the receipt. |
|
Management and incentive fees |
| Accounts can accrue both management and incentive fees
based on user-defined, account-specific formulas. This allows you to
accurately track anticipated advisor fees. Recording the receipt of
fees is as simple as entering the amount received in a spreadsheet-like
interface. |
|
Performance Reporting |
| Performance tables are available in three styles: Summary,
Capsule, and Detail. These can be calculated using the Fully-Funded
Subset or Daily Compounding methods. Accounts can be reported on
alone or as part of a group and both accounts and groups can have
reporting currencies defined for them. This means that a non-US
based account can be reported to the investor in Yen for example, but in
US dollars as part of a portfolio. Because the reports are delivered using the Performance Reporting module of TheBooks, it is easy to provide remote access to you and your clients. |
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