Wells Fargo to Provide Asian Hedge Fund with Real-Time Reporting

Wells Fargo's fund administration mandate win from Asia Capital & Advisors's Asia Dorset Fund will also include the use of real-time reporting via RealSTP, a technology solution that Wells Fargo rolled out last year.
By Jake Safane(2147484770)
Wells Fargo’s fund administration mandate win from Asia Capital & Advisors’s Asia Dorset Fund will also include the use of real-time reporting via RealSTP, a technology solution that Wells Fargo rolled out last year.

RealSTP provides a real-time, intraday dashboard that will let the fund monitor information such as confirmation activity, settlement activity, cash activity, collateral, counterparty exposure and investor transaction status.

In addition to fund administration services, Wells Fargo will provide the fund with middle- and back-office services including daily trading P&L reporting, daily reconciliation of all cash and securities positions/transactions, break resolution with both counterparties and custodians/prime brokers and full document review for paper-based OTC derivatives.

The real-time confirmation with counterparties will use industry standard protocols from organizations such as Omgeo, SWIFT and Markit.

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