J.P. Morgan Worldwide Securities Services (WSS) has launched its Fund Reporting and Media Exchange Site (FRaMES), which provides mutual fund administration regulatory services clients with real-time access to a secure, collaborative work environment for fund administration activities. The FRaMES portal is the newest component of J.P. Morgan ACCESSsm, the firm’s web-based platform for multiple information, compliance and portfolio management applications.
FRaMES provides real-time document sharing, including uploading and download functions, as well as online delivery capabilities and data archives for board books and records. The portal, which is accessible from any web-enabled computer through J.P. Morgan ACCESS, will initially be available to regulatory services clients and chief compliance officers in the Americas.
Peter Donatio, product executive -Americas for J.P. Morgan Worldwide Securities Services, said: “As our fund administration professionals work with clients to prepare for a Board of Directors’ meeting, the work is often completed in conjunction with the service provider, the clients, the asset manager and even the subadvisor. FRaMES allows them to work collaboratively in one document and the final materials can even be accessed by board members remotely through their J.P. Morgan ACCESS account, from the office or on the road on their iPad.”
Key components include:- eBoardRoom – facilitate fund board meetings by providing electronic board books and other materials to fund trustees and directors. Replace hardcopies with real-time access to current and historical fund board materials.
– CCO Support – Improve governance with real-time access to latest policies and procedures and quarterly representation letters.
– Document Exchange – create, edit, approve and publish documents online, reducing emails. Monitor progress of document preparation and audit trail of changes.- Calendars – ensure common understanding of real-time commitments and deliverables.- Questionnaires – Eliminate time, effort and cost of manual questionnaires by performing them online.- Knowledge Center – Access to proprietary and public research.
(JDC)