Fund services

HSBC Securities Services has a custodian network in 92 markets, 41 of which are HSBC entities. We have over 100 years' experience in fund services, serving investment managers including sovereign wealth managers, asset managers, pension funds and insurance companies.

Download our Global Custody fact sheet.

Accounting and valuation

Focus your time on asset management – turn to our specialists for fund accounting and valuation services. Globally, the demand for the outsourcing of fund accounting and valuation services is growing rapidly, as outsourcing allows clients to efficiently manage the increase in complexity of funds, regulatory controls, focused cost management and awareness in the industry for more transparency and independent reporting.

We deliver solutions to support traditional fund, hedge fund, fund of hedge fund and private equity investment strategies. You will benefit from superior, scalable operating models supported by leading technology and robust pricing processes including OTC instruments.

Download our Fund Accounting and Administration fact sheet.

Transfer agency and distribution support

HSBC Securities Services is more committed than ever to the transfer agency and distribution support products, a fact that is demonstrated by the scale of investment to date, through a structured acquisition programme and technology projects designed specifically to enhance customer service.

We have a very experienced global team who support traditional fund, hedge fund, fund of hedge fund and private equity investment investor processing requiring cross-border and local knowledge. Our focus is on providing superior services using scalable global operating models interfaced using SWIFT to industry-recognised depositories like Euroclear and Clearstream, and order-routing platforms such as Calastone and EMX.

We currently offer the full range of transfer agency and distribution support services from 19 countries for both domestic and cross-border fund structures.

Download our Transfer Agency Services fact sheet.

Investment operations

An outsourcing service underpinned by leading technology solutions – our investment operations offering is designed on a modular basis, and made available to clients either as components such as securities trade matching, or as part of a more complete set of middle office-related services. Our innovative approach gives you an outsourcing strategy that can complement your requirements. A century of industry experience has helped us evolve a range of client-focused innovations in investment operations, allowing you to tap into our extensive global capabilities.

Download our Investment Operations fact sheet.

Corporate secretarial services

Introduce your business to world-class secretarial services from HSBC. Ensure quality and industry best practices, and corporate and statutory compliance. Leverage our knowledge and experience in arranging board of directors' and shareholder meetings; preparing and distributing of meeting notices and proxy forms; drafting corporate minutes; provision of Registered Office; and maintaining statutory records. HSBC Securities Services Corporate Secretarial Services provides specialised corporate governance services tailored to the investment fund industry. We provide a wide range of services including providing a corporate secretary. In select jurisdictions and circumstances we also provide trustee and fiduciary services to unit trusts, acting as the face of the trustee and providing related trust administration services.

As part of one of the world's strongest universal banks, we understand the need for efficient solutions for tax reporting requirements in jurisdictions around world. One of our goals is to support fund managers in expanding their distribution channels in new regions and jurisdictions, in both emerging and frontier markets.

You will find our global tax services game-changing in meeting the demands of tax reporting requirements of offshore fund regimes in the UK and Switzerland, and of traditional funds in jurisdictions the world over. Backed by advanced accounting and valuation platforms and the strength of our global teams' technical ability and local knowledge, our offering includes tax reporting services for the US (K-1, PFIC etc), UK (AUTs, OEICs, Investment Trusts and Life Companies), Germany (year-end, Aktiengewinn, Zwischengewinn), Australia, EU Savings Directive and Austria.

Our products such as GIPS Verification and Analytics are offered through a dedicated team of professionals who make performance measurement and risk information management easy, efficient and reliable. GIPS Verification can help you reach compliance and verify your claim of compliance on an annual basis; Analytics can measure any asset in any currency and features return, attribution and risk information down to asset level where appropriate.

• Performance Measurement and Risk
• Global Investment Performance Standards

Be supported by a leading equity team that understands the complexities of private equity fund structures and investment strategies. With dedicated and skilled teams in New York, Luxembourg, Hong Kong and Singapore providing extensive global reach with an emerging markets focus, HSS offers a comprehensive private equity servicing solution, including:

• Accounting and valuation services
• Financial reporting
• Call and distribution management
• Waterfall and fee calculations
• Investor services
• Custody services
• Company secretarial services
• US tax reporting and credit services

Our teams offer cutting-edge knowledge and experience in servicing:

• Venture capital
• Fund of private equity funds
• Mezzanine funds
• Real estate funds
• Leverage buyout funds
• Co-invest funds

Tap the strength of the HSBC Global Treasury business for a first-class service in global custody and fund administration. With an unprecedented network in emerging markets, and local presence around the world and in major investment banking hubs, our financing-focused business takes our clients closer to emerging opportunities in a fast-changing world.

FX

With an unrivalled footprint across emerging and developed regions, HSBC is a top-rated provider of FX services and a leading market maker globally. We quote competitive prices in all tradable currencies, 24 hours a day. Centred primarily in London, Hong Kong and New York, we trade FX in over 60 countries and territories – enhancing HSBC's dedicated FX sales reach and expert knowledge.

Securities lending

Experience competitive, safe and seamless execution through our range of flexible products on a custody or third-party basis, including market leading indemnified agency, principal, exclusives and auctions. If you still prefer to manage your own programme, you can select from a range of support services, such as settlement, collateral management, and asset servicing and reporting.

Direct execution custody services

Link high-speed equity and mutual fund execution with seamless settlement, clearing and custody services in an unparalleled range of world markets.

Trade and settle with a single instruction to HSBC Global Banking and Markets through direct execution custody services (DECS). Reduce costs over trading and operational areas: our flexible front-end connectivity options and comprehensive reporting come with competitive, bundled pricing.

Supporting more than 60 markets – through HSBC’s custodian network, consisting of 42 from the HSBC Group and a number of non-Group entities – DECS offers a full suite of global equity services, fully integrated with trade execution. DECS is a full-service, one-stop-shop solution which can be tailored to clients needs, leveraging high-level straight-through processing.

Passive hedging services

HSBC Passive Hedging is an integrated service which offers protection to our clients from currency risk on cross-border investments.

• Automatic monitoring of cross-currency exposures
• Performance of hedge adjustments according to clients' strategy
• Execution of FX in the market place
• Two modalities offered: Asset hedging and share-class hedging

Cross-currency sweep

A service which crystallises currency exposures from the balances held by our clients by means of standing instructions to convert them into a designated base currency.

• Prevention of currency overdrafts, as accounts are zeroed daily
• Simplified interest rate management
• Eliminates currency exposure derived from holding of cash balances
• Time and cost savings
• Consolidated FX confirmations

Automated investment sweep into HSBC Global Liquidity Funds

HSBC offers an off balance-sheet passive solution for the management of frictional liquidity, which automatically invests any excess balance over a predetermined threshold into the HSBC Global Liquidity Funds. The automated sweep is currently offered in USD, GBP and EUR, and is ideally suited for clients seeking:

• Risk diversification and safety: Through an off-balance investment into HSBC Global Liquidity Funds plc (rated AAA/ V1+ by Fitch, S & P and Moody’s), an open-ended umbrella investment company domiciled in Ireland with segregated liability between the sub-funds
• Availability of funds, with instantaneous access to your liquidity through the automatic redemption of shares
• Enhanced returns

Cash forecast

The HSS Treasury Cash Forecast provides detailed projection of the liquidity requirements across currencies linked to the investment activity processed by HSBC, which is delivered through scheduled reporting. The client may choose the scope of the projection, the time horizon and the frequency.

CLS services

HSS Treasury offers CLS services to its funds and global custody clients through the Bank's CLS settlement membership. CLS is a settlement bank with a multi-currency payment-versus-payment clearing system which eliminates the principal risk from foreign exchange transactions. HSS CLS proposition provides clients with the following benefits:

• Eliminate settlement risk and nets exposures from FX transactions
• Settlement occurs on the same day
• 100 percent straight-through processing
• Reduction in funding requirements and payment volumes
• Positive impact on available liquidity
• Enables clients to expand FX business with CLS-participating counterparties preventing incremental exposure.

Interest rate management

• Interest bearing, on-demand call accounts
• Competitive linked credit/debit interest rates
• Margins
• Overdraft facilities with competitive debit interest rates

Our experienced technical, compliance, operational and relationship management experts can deliver value for money through decades of experience. HSBC Securities Services has been providing trustee and depositary services to providers of collective investment schemes, in selected locations, since the 1930s.

As part of a fund administration, trustee or fiduciary service, HSBC Securities Services has an automated monitoring system that can help you easily ensure that your investments are fully compliant with relevant regulations and investment guidelines. With our knowledge network connecting jurisdictions around the world, you can be sure you are served by local experts in a leading global bank.

Download our Compliance Monitoring fact sheet.

View all your fund data at a high level, or drill down to the details of your trial balance, holdings and transactions, including histories of valuations, by using fund manager reporting. You can also view and download full-featured financial reporting packs.

As a fund-of-fund manager, you can track custody transactions throughout your trade life cycle, viewing the processing status of subscription, redemption and transfer instructions online. Navigate data easily and intuitively to view it on screen, print it or download it to your desktop in Excel or PDF format.

Our reporting tools – including our client reporting platform – are web-based; to access, simply log on to Office.

To experience HSBC Alternative Fund Services' fund manager reporting, watch this Office demo.

Access your statements on screen for a full view of accounts and holdings, combined across onshore limited partnerships and offshore investments.

View information on all funds administered by our fund services – including funds across multiple managers.

Log on to Investor, our investor servicing and reporting website.