Altus

There has been much recent debate concerning the transfer of customer assets between platforms. With the emergence of enabling legal and technical frameworks and a deadline set by the FSA, the debate has now moved on to the operational practicalities of handling the new process.

The Altus Transfer Gateway offers platform providers a simple and economic solution for supporting portfolio transfers. It handles the complete transfer process for a customer including the re-registration of the underlying assets with fund managers.

Each portfolio transfer is managed throughout its lifecycle from the initial request for information, through the reassignment of each fund holding, to the reconciliation of any cash received and updating customer accounts. At each stage the process is subject to a series of checks and controls giving supervisors the oversight they require.

The Gateway provides full support for electronic transfers using SWIFT, ISO 20022 and the SMPG portfolio transfer market practice, but can also handle manual exchanges with fund managers who are yet to adopt the new standards.

A range of integration options is provided to support interactions with platform administration systems. Thus a rapid initial deployment requiring some manual entry is possible followed by the introduction of more automated exchanges as volumes increase.

Please contact us for a copy of the product brochure.