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Business Processes Outsourcing
Asset managers with an Investment Firm license (in Dutch Beleggingsonderneming) with ancillary permit Custody and Investment Funds can outsource their administration and settlement to AFS.
Asset Manager obligation for custody permit
- Correct capital requirements
- Inhouse AOIC
- Legal, compliance and risk function
- CDD policy, including KYC
- Administration with correct asset segregation
- Yearly Assurance report
- Custodian contract with Bank
Outsourcing possibilities to AFS
- SAAS software for administration (STIP) with APIto portfolio management system
- Execution services
- Keeping records of admin
- Reconciliation
- Corporate actions
- Tax authorities’ information (renseignering)
- Transaction reporting,
- Management reporting
- Fiscal structure (treaty, non-treaty)
- Cash balances in balance checks (the 5 days)
- Fee collection
AFS buys collectively from institutional parties for its own business and from all partners for whom AFS provides the back office. All parties benefit from this.
Financial instruments supported by AFS:
- Investment funds, already more than 8,000available
- ETF and stocks
- Bonds
- Structured products
- In Europe, United States, Canada (othercountries on request)
Asset Manager and Investment Funds can specify the following order types in amount or pieces via their portfolio management system:
- Single (1 portfolio; 1 fund);
- Combination (1 portfolio; multiple funds);
- Multiple (1 fund; multiple portfolios);
- Model portfolios re-balancing or filling in new portfolios