Offshore

Our fund administration services allow clients to select a tailored service, based on a number of underlying service modules: transaction processing, net asset value and unit pricing, compliance monitoring and reporting, cash and income forecasting, accounting and financial control, statutory reporting, company secretarial, client and board reporting, transfer agency.

Automation and straight through processing: The overall system architecture is based on current 'best of breed' components which have been integrated to maximise levels of automation and straight through processing. Client connectivity is provided through a variety of secure methods including dial-up, ISDN and leased line and can be accessed on the client’s Local Area Network or on individual PCs.

Business operation: Organised within functional groups with appropriate specialists in each area, including qualified legal, corporate secretarial and accounting professionals and fund accounting and valuation specialists.

Business Recovery Plan (BRP): A BRP is maintained for each location which supports the re-establishment of operations in the event of a disaster. All of the critical computer systems and databases, which support the services, are located within the Group’s data centre to which each location maintains connectivity. All systems within the Group’s data centre are duplicated at full capacity at a contingent data centre.

Implementation process: Controlled by a dedicated consultancy team who work with new clients to establish their optimal operating model, project manage fund establishment or undertake the data and process migration for existing funds. The teams use a well-developed methodology and standard project management disciplines.

Key performance indicators: Our industry experienced relationship managers use a pre-defined service management program and monthly reporting based on contractually binding key performance indicators.

Market data: Collected by a dedicated team of specialists. Asset related data, exchange rates and indices are maintained on a daily basis and are sourced from multiple vendors including Datastream, Telekurs, Reuters and Bloomberg. A variety of automated checks are in place including the automatic comparison of multiple vendor prices and price tolerance checks.

Risk and control: HSBC has developed a risk and control process which monitors fund compliance with operational procedures and relevant legal and regulatory matters.

Click here to view Offshore Service Module.

For more information on HSBC's Fund Administration Services, please contact our Fund Administration team.