Fund Administration - Asia

Institutional Fund Services (IFS), Asia's fund administration business combines HSBC's strengths in trustee services, fund administration, master custody and transfer agency through our investor services. We provide a range of solutions to institutions, such as asset management companies, pension fund sponsors and insurance companies. One of HSBC's key strengths is our ability to recognise the unique requirements of each of our clients and successfully implement a solution accordingly. Our financial data services provide a one-stop outsource solution for all post-trade securities and administration services.

IFS is an integrated suite of fund administration, custody, cash management and other back office services for mutual funds, unit trusts, pension funds, insurance companies and asset management companies. IFS, Asia offers fund administration in several Asia-Pacific markets, and the service is tailored to fully meet regulatory and client requirements in each market.

Regional capabilities

• Broad range of trustee services
• Complete range of investor services
• Comprehensive compliance monitoring
• Current news bulletins and market information
• Efficient settlement and transaction processing
• Extensive corporate actions information
• Extensive regulatory reporting
• Full range of payments and cash management solutions
• Local experience and dedicated support
• Professional fund accounting and administration
• Timely and accurate valuations
• Top-rated custodian services
• Standardised and customised reports

The main components of IFS are:

Fund administration and accounting: Acting as the administrator of funds' assets ie maintaining books and records of the funds, arranging settlement of fund transactions, calculating NAV and ensuring that the fund manager complies with the funds' investment guidelines. Where required, HSBC also provides a trustee service.

Custody: Settlement, corporate actions processing, safe keeping and reporting.

Cash management: Optimising cash account operations, collecting subscriptions from and handling redemptions and distributions to unit holders.

Transaction Remote Access Communication System (TRACS)

HSBC's advance online system, TRACS, gives you easy access to your account information through the Internet, enabling daily monitoring of portfolio transactions and better control of your cash positions. Using the familiar Windows operating environment, TRACS is easy to learn and use.

TRACS is a complete client access solution offering extensive information and reporting capabilities. You can also manipulate the data to produce customised reports and graphical analyses. Your trade instructions can be uploaded directly to HSBC through the Internet, SWIFT or other trade matching systems to achieve efficient straight-through processing. The functionality of TRACS is being continually enhanced by a dedicated team of analysts and programmers to keep pace with market changes and to upgrade the delivery of our service.

Security

The security of your information and transactions is a top priority. A unique password is given to your authorised users. All Internet reports are protected by the Secure Socket Layer 3.0 protocol with 128-bit encryption key.

Focus on your core business

We offer proven, integrated, reliable, confidential and cost effective fund administration, processing and reporting systems that allow you to focus on your clients and your core competencies, rather than your back office, systems and administration.

Control your costs

Our services allow you to reduce fixed costs, predict and control your variable costs, manage capacity, and reduce your time to market new products and funds.

A partnership approach

Most importantly, HSBC places enormous importance on working in partnership with its clients and is committed to the flexible and continuous improvement of our service quality standards.