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Back Office Capabilities

Investment Operations & Fund Accounting

ISC provide consulting services to maximise the data, systems and processes that support the critical activities of the middle and back offices and systems and processes used to strike a NAV and price unitised funds and then disseminate and distribute these prices.

ISC has extensive experience of working with a number of system vendors in the Investment Operations and Fund Accounting sphere including:

DST Global Solutions IGEFI MultiFonds Linedata SimCorp Sungard Thomson Reuters Factset fiserv

Derivative Operations

ISC provide consulting services to maximise the data, systems and processes used by the dedicated middle and back office teams to control the cash flows and lifecycles of derivative instruments and structured products.

ISC has extensive experience of working with a number of system vendors in the Investment Operations and Fund Accounting sphere including:

Calypso 4Sight Financial Software thinkFolio Murex

Transaction Management

ISC provide consulting services to maximise the data, systems and processes that collects trades post execution and matches and controls these trades with counterparties.

Amongst the systems that ISC has experience of working with in the Transaction Management area are:

Trace Financial Omgeo

ISC regularly produces articles and White papers through the ISC Chronicle, the list below contains those that are relevant to these topics.

Grexit - A Practical Approach to Operational Impacts Replace this with a description of the above white paper

Investment Operations Outsourcing – Outsourced and Isolated Over the last decade the out- sourcing of investment management functions has matured from the provision of custody services and net asset value (NAV) calculations, to complete lift-outs of back offices and transitions to full competency enterprise platforms...

Fund Accounting Efficiency – Interview, Geoff Hodge, Milestone In this article we interview Geoff Hodge, the CEO of Milestone Group and discuss some of the challenges facing the fund accounting and funds processing industry. Milestone Group specialises in the application of advanced investment technology to support clients globally in the automation of complex and business critical functions relating to fund accounting...

Component Outsourcing – If BMW can do it can our industry Outsourcing is now a mainstream activity. Custody has been run by third parties for decades and the acid test of a mature outsourced service is the ease with which the operation can be transferred to a new supplier. Transfers of investment books between custodians are efficient and the expectation of success means this process rarely hits the operational risk register...

Reaction to CCP In an article in the Autumn 2011 of the Chronicle we explored some of the issues likely to result from Central Counterparty Clearing (CCP). Since that article there has been some reaction to the establishment of CCP from central banks, regulators and the industry.

The importance of collateral management in our brave new world If you take only a cursory interest in the financial headlines, you might be forgiven for thinking that the need for bilateral collateral management of OTC derivatives will soon disappear; that we can rely on central clearing to solve all of counterparty woes, and we can all now kick back and relax, safe in the knowledge that the world is a safer, cuddlier, more comfortable place to be. Unfortunately the truth is somewhat more opaque...

Preparing for CCP 2011 has seen a continued focus on regulation of markets and participants on a global scale. Derivatives and particularly the OTC world, seemingly the bete noire of press, politicians and regulators alike over the last few years, are the focus of much of this with Dodd-Frank in the US leading the way in terms of legislation...

OTC Derivatives Collateral Management ISDA's Collateral Management Best Practices Paper offers the industry a clear framework for processing of OTC derivatives collateral. Industry participants weigh in on the paper's contents and what should be the next focus of market-wide initiatives to improve collateral management procedures in the medium term...

OTC Derivatives – Taking the next steps to operational excellence This article was originally published as a joint White Paper with Geoff Harries, VP Product Strategy CheckFree Investment Services Software...

Have reports of the death of OTC derivatives been greatly exaggerated The first half of 2009 has been a year of great uncertainty in the OTC markets as regulators around the world attempt to shore up some of the perceived risks highlighted during the turmoil of recent months...

Collateral Management – Buy, Build or Bounce The last few years have seen something of a quiet revolution in the world of investment management as managers have begun, slowly at first but with rapid acceleration to get involved in the hitherto esoteric world of OTC derivatives...

Central Counterparty Clearing – Panacea or False Dawn To what extent is a Central Counter Party for Over- The-Counter derivatives a positive development for Investment Managers?