DST Global Solutions has upgraded its investment accounting and asset servicing solution as part of a regular cycle of functional and technical enrichment. HiPortfolio(r) 3v10 is currently available to existing HiPortfolio clients, with upgrades anticipated during Q4 2011.
“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,” said Geoff Harries, global head of Asset Servicing, DST Global Solutions.
HiPortfolio(r) 3v10 has targeted the depth of processing in a number of areas: derivatives processing has been enhanced to provide capability for Total Return Swaps (TRS) and Contracts for Difference (CFD). In addition to allowing clients flexible accrual processing, the technology leverages 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, said DST.
For unit pricing, HiPortfolio(r) 3v10 provides more configurations in the creation of attribution reports to explain exceptions, to speed up issue resolution and to ensure that unit prices are published on time and in high quality, added the vendor.
(JDC)