The Runica social protection group, which provides supplementary pensions in France, has chosen Prime MO from CACEIS for transmitting its post-execution transactions to various depositaries.
CACEIS Prime MO is a middle-office outsourcing solution for asset managers and institutional investors comprising a set of tools and services that can be combined based on the specific business needs of each client.
Modules include trade management, which covers post-execution transactions, verifies them, enriches them and transmits them to depositories, valuation agent and clearing brokers. The portfolio recordkeeping service allows allows stock and cash management in real time, integration of corporate actions on positions and enables position reconciliation controls with fund administrators and custodians.
Prime MO also facilitates processing of voluntary corporate actions, with CACEIS acting as an intermediary between the various custodians and managers. The solution also includes pre-trade compliance and portfolio simulation tools.
CACEIS already acts as primary depositary, custodian and valuation agent for Runicas dedicated funds and mandates. Prime MO is integrated with CACEIS’s fund administration and custodial systems.
We were looking for a solution that would allow us to harmonize our process for transmitting orders on all types of financial products to our various depositary banks, says Francis Weber, Runicas finance director. We chose CACEISs Prime MO. Their Web-based tool, OLIS MO, meets all our requirements by centralizing our orders and directing them towards whichever depositary we need. This solution also allows us to considerably improve the efficiency and reliability of our order transmission procedures.”
(CG)