DIAMOS FundAccounting: Efficient, automated, and flexible

Fund accounting: the heart of your fund management

Even though fund accounting is generally considered standard nowadays and is carried out on an industrial scale in large houses, many processes are still solved manually or outside the software. Here it is important to use fund accounting software in which all areas function exactly but can still be flexibly adapted to your own needs.

Whether in the capital management company for fund price determination, in the depositary bank for control, or as a stock management system, DIAMOS FundAccounting offers you optimal support for your fund accounting processes. The solution supports all marketable instruments – whether standardised or OTC and individually designed – as well as all fund categories. The accounting engine of DIAMOS FundAccounting offers a flexible, expandable logic for mapping all required technical issues.

Benefit from these advantages:

• Extensive coverage of the different fund categories and a broad asset universe
• Audit-proof accounting, transparent presentation
• Simple integration options in an existing system landscape
• Comprehensive reporting and regulatory reporting

DIAMOS FundAccounting can handle all standard fund constructions. Whether share certificate classes or master/segment constructions, there are no limits to the number of share classes or segments of a fund. Umbrella funds, asset pooling, and fund of funds are possible – as are asset management mandates, investment foundations, and direct investments/custody accounts. Regardless of whether classical securities in the most diverse forms and structured products or derivatives, loans, foreign exchange, and money transactions or alternative assets such as commodities, real estate, investments, and securities lending and collateral – in DIAMOS FundAccounting, all instruments are correctly mapped in the respective jurisdiction that is used.

For all transactions, the focus is on automated processing with the aim that the fund accountant becomes the controlling authority instead of having to process each transaction manually. The system supports the user in the best possible way. All data – whether master data, transaction data, or price supply – can be processed automatically regardless of whether they are supplied by internal systems or by data providers such as WM Datenservice, Bloomberg, Six Telekurs, and Reuters.

The comprehensive standard reporting, including the year-end reporting and annual report, can be used internally for control and documentation, for processing in follow-up processes, or sent directly to external professional recipients. In addition to the support of several languages and output formats, reports can be created automatically on the basis of specialist events and, if desired, also sent automatically to the recipients. The system also supports the creation of FactSheets as well as common regulatory reporting to authorities and associations in Germany, Luxembourg, Liechtenstein, Austria, and Switzerland.

DIAMOS-F Overview of asset classes

Further specifications and functionalities

Automated fund valuations and NAV calculation

• At any time – also retroactively and intra-day
• Selection of the valuation scope (price access, inclusion of open transactions)/NAV simulations
• Short execution times
• Event-driven order processing also for incoming and outgoing interfaces (including corporate actions)

Transaction-based position keeping

• Parallel company codes with freely definable charts of accounts and posting rules
• Drill-down options (e.g. from fund to stock book, turnover, original order to posting sub-records
• T-account view of accounting processes
• Monitoring of orders, including escalation mechanisms
• Automated fund mergers, also for share certificate class funds

Country-specific coverage of regulatory requirements

• Account system and posting rules
• Implementation of tax requirements
• Coverage of statutory regulatory reporting
• Accountability report
• Implementation in cooperation with leading audit firms

Sophisticated control functions

• Functionalities for market conformity checks and exchange rate controls
• Consideration of blocks/collateral management for securities lending transactions, among others
• Automated check for the fulfilment of defined preconditions in advance of order execution