HiPortfolio provides full lifecycle processing from order capture, through trade confirmation and transaction processing to accounting, financial analysis and tax reporting for a wide range of instruments and tax jurisdictions.
The new version extends the depth of processing in a number of key operational areas in terms of derivatives processing, reconciliation and unit pricing to offer operational efficiency and help deliver cost reductions.
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In the upgraded version of HiPortfolio, the derivative processing has been enhanced to provide capability for Total Return Swaps (TRS) and Contracts for Difference (CFD). The upgrqaded version provides clients with flexible accrual processing and the ability to leverage existing systems within a client’s operations, with HiPortfolio focused on the areas of cashflows, resets, corporate actions and investment accounting.
In the area of reconciliation, the improvements provide more module parameters to meet diverse sets of business processes, such as Foreign Exchange reconciliation and the ability to trigger e-mail alerts to speed up exception resolution.
Commenting on the upgraded version of HiPortfolio, Gert Raeves, research director forCapital Markets at TowerGroup said, "Support for derivatives and reconciliation processing as well as regional tax and market practice requirements, can help firms balance the need for innovation with the operational efficiency of a single post-trade environment. It is encouraging to see that market leading solutions such as HiPortfolio are responding to industry needs."
Geoff Harries, global head of asset servicing, DST Global Solutions, said, "Stringent regulatory requirements and today’s more demanding investor has impacted the way we must support our clients’ evolving businesses, downstream processing and reporting requirements. The upgraded HiPortfolio solution was improved based on specific client demands and is now available to existing HiPortfolio clients."
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