Wells Fargo Global Fund Services has rolled out a new client technology solution, RealSTP, which offers real-time, intra-day visibility of trade data, confirmation status, settlement activity and cash and collateral movements to clients.
The solution also includes an investor portal that offers greater online access to account information for funds serviced by Wells Fargo.
Additional releases this year will expand the services to include an enhanced accounting dashboard, with real-time accounting information updates; additional collateral management data; enhanced cash flow forecasting; operational trend analysis; reconciliations; and month-end status, Wells Fargo says.
Real-time workflow for clients OTC derivatives processing, which Wells Fargo already offers, will be integrated into the package in an upcoming release.
“Trade capture through profit/loss is the easy part, says Stuart Feffer, co-Head of Wells Fargos Global Fund Services group. RealSTP provides our clients with true straight-through-processing.
Using RealSTP, clients will have real-time, intra-day access to the full trade process from capture to confirmation, settlement, cash and collateral management, asset servicing and profit and loss for all asset classes, including equity, fixed income, credit, bank debt, OTC derivatives and financing trades, Feffer says.
RealSTP will be rolled out to all clients beginning March 1.
(CG)