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converg-e™
converg-e™ takes your business to the next level
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converg-e™ is an investment accounting and custody system designed for today’s global investment services business. converg-e™’s inherent multi-entity, multi-currency design lets you operate your business and service your clients anywhere in the world from a single, web enabled platform. |
With converg-e™’s highly scalable architecture and customisable control features your business can grow without constraint and without introducing additional operating risks.
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converg-e™ incorporates an extensive range of rich functional
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One single platform
converg-e™ provides a highly automated SWIFT certified solution for all core global and domestic asset management services such as securities settlement, clearing, custody portfolio management and corporate actions.
Unique Multi Entity Structure
converg-e™ has been designed from the outset as a true multi-entity system providing both centralised and local processing and data management. In addition to this, a full suite of investment operations services including centralised securities master file, real-time position keeping, portfolio valuations, cash management and performance reporting extend the converg-e™ offering.
Trade Processing Management
converg-e™ provides extensive post execution trade processing management functionality including:
- Support for SWIFT ISO 15022 & XML ISO 20022 settlement messages
- Settlement across a comprehensive and customizable range of instrument types
- Monitoring of the settlement process from trade execution to actual settlement
- On-line workflows exception management highlight settlement errors early in the life cycle
- Message Management and Repair
Multi-currency Portfolio Accounting and Performance Measurement
Architected from inception as a true multi-currency application converg-e™ provides the ability to
- Assign client base currency and base currency values
- Store transaction in trade, base and settlement currency
- Calculate unrealized/realized P&L based on a tax lot (FIFO, LIFO) or average cost
- Provide separate capital, income and fee accounts
- Valuation of holdings at client and portfolio level
- Full mark-to-market analysis and reporting by selected criteria
With converg-e™’s performance measurement component portfolio performance can be calculated using time-weighted, asset-weighted and geometric linking returns.
Corporate Action Processing
converg-e™ has been designed from the outset as a single code modular based application, within which is cama™ - an award winning SWIFT certified corporate actions management application that embraces the complete corporate action lifecycle from announcement capture through to eligible balance calculations, instruction management, entitlement calculations and final distribution and payments. cama™ gives you the option to operate centralized, decentralized or a combination of both across multiple business entities and multiple domiciles and time zones. However you configure your operations, cama™’s highly configurable workflow functionality ensures you have complete transparency into all open tasks both globally and locally.
Additional Operations Services Supported By converg-e™
Other converg-e™ modules that can service the needs of your operational environment include:
- Cash Management
- Workflow
- Pricing
- Static Data Management
- Fees and Billing
New Generation Systems Architecture
Clients today demand a solution that is capable of satisfying many technology needs. converg-e™ satisfies these requirements which include:
- Application and user security
- Modularity of function
- Systems performance
- Integration and interoperability
- Parameterized and modular design
- High performance output and transaction scalability
With any product installation, the key determinate of success is the level of integration required to go-live. With converg-e™'s Integration Messaging Bridge (IMB) framework the effort required to complete this task can be completed in a controlled manner ensuring high levels of success. converg-e™ runs as a secure global enterprise application on a web enabled platform, with 24x7x365 availability a key feature.
Key Benefits of converg-e™
- Unique multi-entity, multi-product, multi-currency structure incorporated in the core data model design
- Operational efficiencies through centralized processing and data management
- Modular straight-through processing with seamless paperless solutions from trade capture through settlement to post trade account management, portfolio tracking, client billing and safe custody services
- Fully integrated investment management solution providing audited order delivery, trade confirmation, settlement processing, FX management and securities administration
- Hierarchal account and reporting structures supporting depot, safe custody, omnibus, proprietary, pooled, individual and sub account structures
Why join the converg-e™ community
converg-e™ supports some of the world’s leading financial institutions, whose businesses range from wealth and institutional asset management to private banking and custody. These firms rely on converg-e™ to take the risk out of asset servicing by automatically processing thousands of transactions daily and by intelligently aiding in the processing and repairing of exception, while reducing risk. Furthermore, converg-e™’s clients benefit from having a single, stable code base and disciplined release process that ensures high quality product and low cost of long term ownership. By becoming a converg-e™ client you can join a dynamic community of financial institutions committed to ensuring converg-e™ is the industry’s leading asset servicing and custody solution.
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