Fortis Bank has extended its data warehouse and reporting to include compliance monitoring reports for institutional investors.
“In today’s volatile markets it is essential for institutional investors to be fully in control of the investment process, whether their investments are internally or externally managed,” says Clayton Heijman of Fortis Bank in London. “Compliance Monitoring is a new tool that will assist our clients to be in full control and enable them to make the necessary adjustments to their investments and/or mandates if required.”
The compliance tool enables clients to specify mandates and variation margins for an account or group of accounts. Targeted values can be compared with current weights in three different classifications: industry class, asset class and region. The service allows for graphical reporting of the compared results, which are reported automatically on a daily basis. New restrictions and mandates can easily be added providing flexibility to fulfil clients’ needs.
The compliance monitoring tool comes as an add-on to the latest release of the Fortis data warehouse and reporting tool, Asset Monitor. “Asset Monitor gives easy access to information of clients’ investment portfolio,” explains Heijman. “It contains a large number of standard reports that gives a bird’s-eye view of the structure of their total assets. Besides it also allows clients to make their own tailored reports specified according to their own preferences with export facilities in various formats.” Asset Monitor incorporates reports on positions, holdings, transactions, cash accounts and movements.