Global Fund Platform - RBC Investor & Treasury Services · PDF file ·...

br i ngi ng f u n d m a nage r s a n d bu y e r s t oget h e r

GLOBAL FUND PLATFORM

© RBC Investor & Treasury Services™ is a global brand name and is part of Royal Bank of Canada. RBC Investor & Treasury Services is a specialist provider of asset

servicing, custody, payments and treasury services for financial and other institutional investors worldwide. RBC Investor Services™ operates through two primary

operating companies, RBC Investor Services Trust and RBC Investor Services Bank S.A., and their branches and affiliates.

In the UK, RBC Investor Services Trust operates through a branch authorized by the Prudential Regulation Authority and regulated by the Financial Conduct

Authority and the Prudential Regulation Authority. This material is not for distribution to retail clients as defined under the rules of the FCA. The Dubai Branch

of RBC Investor Services Trust is regulated by the Dubai Financial Services Authority. In Australia, RBC Investor Services Trust is authorized to carry on financial

services business by the Australian Securities and Investments Commission under the AFSL (Australian Financial Services Licence) number 295018. In Singapore,

RBC Investor Services Trust Singapore Limited (RISTS) is licensed by the Monetary Authority of Singapore (MAS) as a Licensed Trust Company under the Trust

Companies Act and was approved by the MAS to act as a trustee of collective investment schemes authorized under S 286 of the Securities and Futures Act (SFA).

RISTS is also a Capital Markets Services Licence Holder issued by the MAS under the SFA in connection with its activities of acting as a custodian. In Hong Kong,

RBC Investor Services Bank S.A. is a restricted license bank and is authorized to carry on certain banking business in Hong Kong by the Hong Kong Monetary

Authority. RBC Investor Services Trust Hong Kong Limited is regulated by the Mandatory Provident Fund Schemes Authority as an approved trustee.

These materials are provided by RBC Investor & Treasury Services (RBC I&TS) for general information purposes only. RBC I&TS makes no representation or

warranties and accepts no responsibility or liability of any kind for their accuracy, reliability or completeness or for any action taken, or results obtained, from

the use of the materials. Readers should be aware that the content of these materials should not be regarded as legal, accounting, investment, financial, or other

professional advice, nor is it intended for such use.

® / ™ Trademarks of Royal Bank of Canada. Used under licence.

the global fund platformbringing fund managers and buyers together

The evolving fund distribution landscape presents a highly dynamic and challenging environment for both fund buyers and managers.

The increasing adoption of open architecture, the expansion of cross-border distribution, growth of wealth management solutions

and the regulatory evolution designed to deliver greater investor transparency present both challenges and opportunities for

market participants.

distributor investor



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- economies of scale- operational risk reduction

- single access point- back office support

introducing gl obal fund pl atform

Through its unique global offering, RBC Investor & Treasury

Services can provide solutions to help both managers and

buyers fully exploit and adapt to the dynamics of the fund

distribution market.

a dedicated solution for fund buyers

Our Global Fund Platform allows fund buyers to optimise

fund selection in an open architecture environment with access

to more than 84,000 share classes registered with a network

of 400 transfer agents. The Global Fund Platform can facilitate

the investment process through simplified and secure trading

and settlement with RBC Investor & Treasury Services as

the main contact.

Our service provides access to pre-negotiated intermediary

agreements across a broad spectrum of fund buyers.

In addition, our service helps fund buyers:

> Streamline processes by supporting fund selection and client

management with an online quantitative analysis tool > Reduce cost and risk

> Increase revenue and improve transparency

dedicated solution for fund managers

Our Global Fund Platform also serves the fund manager,

helping them to extend their fund distribution to new markets.

The Global Fund Platform can increase the visibility of fund

manager offerings to distributors and provide full transparency

and comprehensive data management on the distribution

network, including real time reporting, compliance monitoring

and due diligence of sub-distributors.

The Global Fund Platform can also reduce operational and

distribution costs and helps simplify trading infrastructure.

Our service can help managers:

> Increase revenues through the promotion of funds

to more buyers > Provide more transparency and detail on who is investing

in funds > Reduce costs by utilising straight through processing (STP)

links to transfer agents, providing automated trailer fee

solutions and reducing the legal workload related to

intermediary agreements with fund buyers

the global fund platformbringing fund managers and buyers together

transaction management

Comprehensive services supporting the trading process including:

> Order routing and settlement of transactions > Reconciliations and account maintenance > Portfolio position keeping > Corporate action processing > Comprehensive fund database > Online information and reporting > Cash management and order settlement > Foreign exchange and transaction orders

fund intermediary service

Intermediary service between fund managers and buyers for the establishment of standard intermediary agreements assisting with:

> Negotiation of distribution terms of business > Legal management of intermediary agreements > Revenue sharing program > Trailer fee administration

analy tical services

Comprehensive investment decision and performance monitoring support tool, including:

> Fund screening and selection > Risk reporting > Portfolio back testing and fund aggregation

the global fund platformtransaction management

* RBC Investor & Treasury Services does not provide investment advice.

focus on transaction management

Fund data baseThe platform provides access to more than 84,000 share classes.

The types of funds include mainstream funds, ETFs, and hedge

funds across a range of domiciles.

Using a sophisticated search facility, clients locate funds using

various data points including their investment criteria.*

Once located, the platform provides access to all of the fund

documentation including factsheets, prospectus’ and KIIDs

for review.

order routing

The platform handles many order types, including subscriptions,

redemptions, transfers of shares and switches. We accept deals in

amounts and shares, across multiple currencies.

Buyers navigate an intuitive web portal, GFP online,

for trading, enquiries, reporting and other added value services.

We also support a variety of straight through processing (STP)

solutions including SWIFT, SWIFT XML, CSV and FTP files.

For mainstream funds, we offer a 45 minute cut-off time before

the official deadline of the fund for automated transactions and

a two hour cut-off time for fax instructions. Hedge fund cut-off

times range from 2-5 business days before the official target

fund deadline.

trading account maintenance

By operating as a single trading venue for clients’ fund activity,

we can present a consolidated view across all of their fund

holdings and transactions.

On behalf of clients, we process all corporate event activity

including: cash dividends (including reinvestment), mergers,

splits and liquidations.

cash management and set tlement

Clients hold cash accounts at RBC Investor & Treasury Services

to settle all cash movements, trailer fees and corporate action

proceeds. These accounts increase efficiency by eliminating

the need for individual trade payments. Clients can pay in a range

of different currencies and our system will automatically manage

the FX settlement into the appropriate currency.

online reporting

In addition to the reporting available through GFP online,

we offer standard, flexible and ad hoc reporting in a variety of

formats including PDF, CSV files, SWIFT and fax and in whatever

dates clients require. Reporting can be accessed online.

Through its Global Fund Platform, RBC Investor & Treasury Services provides solutions to help fund buyers and managers fully exploit

the dynamics of the global investment fund market. Our highly flexible offering includes transaction management, administration of

trailer fee processing and fund intermediary services, and a comprehensive analytical services module, including fund screening tools,

performance measurement and risk analysis.

the global fund platformfund intermediary service

focus on fund intermediary service

For clients who wish to invest in a wide range of funds but lack

the necessary administration and legal infrastructure, we provide

a holistic solution.

negotiation of distribution terms of business

RBC I&TS has negotiated Intermediary Agreements covering

terms of business including trailer fee rates with a broad range of

fund management companies. Clients benefit from pre-negotiated

trailer fees, enabling them to gain advantage from our scale

through a single agreement.

transparent commission arrangements

Our program offers transparent trailer fee calculation for clients’

holdings, where our clients receive 100% of the trail fee

negotiated.

The platform provides a consolidated view of trailer fees due from

each manager and we can provide flexible account structures

facilitating reallocation of income.

trailer fee administration

The platform manages the set-up and maintenance of your trailer fee arrangements with each manager, including:

> Trailer fee calculation and validation > Consolidated reporting > Consolidated payment using pre-set client

payment instructions > Proactive payment collection



trailer fee processing and fund intermediary service, and a comprehensive analytical services module, including fund screening tools,


fund manager / global distributor

ia tsa

payment of client trailer fee to global fund platform based

on ia

ia - intermediary agreementtsa - transaction support agreementts - transaction supportas - analytical services

payment of full trailer fees agreed in tsa

payment of fees for global fund platform services (ts+as)

invoice from rbc isinvoice from rbc is

global fund platform

global fund platform

fund buyer / sub-distributor

INVOICE FROM RBC I&TS INVOICE FROM RBC I&TS

the global fund platformanalytical services

focus on analy tical services

Within our Analytical Services, the Global Fund Platform

presents a comprehensive investment decision and performance

monitoring support tool for fund buyers. This tool is fully

integrated with our transaction management platform,

providing a one-stop solution for our clients.

fund screening and selection

Our services offer quantitative and qualitative search criteria

across more than 84,000 share classes.

We provide online factsheets including details of:

> Performance and risk statistics > Master data > Lipper ratings > Dividend details > Investment rules > Applicable fees > Party information

Our service offers a range of 35+ fund statistics calculated for

different frequencies and time horizons.

risk reporting

Our analytical services provide risk reporting around absolute

and relative risk measures such as standard deviation, Sharpe

ratio, beta, tracking error and alpha helping clients to assess

the adequacy of their portfolio versus their investment strategy.

portfolio backtesting and fund aggregation

Our specialised backtesting and fund aggregation capabilities support the:

> Creation of watchlists, benchmarks and portfolios > Risk and performance evaluation > Attribution analysis (currency, country of domicile, category,

asset type, investment region and NAV frequency) > Contribution analysis to detect risk and return drivers

of the portfolio



trailer fee processing and fund intermediary service, and a comprehensive analytical services module, including fund screening tools,


rbcits.com

ABOUT US

RBC Investor & Treasury Services (RBC I&TS) is a specialist

provider of asset servicing, custody, payments and treasury

services for financial and other institutional investors worldwide.

We serve clients from 18 locations across North America,

Europe and the Asia Pacific region. We deliver custodial, advisory,

financing and other services to safeguard clients’ assets,

maximize liquidity and manage risk in multiple jurisdictions.

RBC I&TS is ranked among the world’s top 10 global custodians,

with USD 3.1 trillion (CAD 3.1 trillion) in client assets under

administration (as at Q3 2013).

contacts

Richard Hale Global Fund Platform SalesT +44 (0) 207 002 [email protected]

americas

John Lockbaum Head, Investor Services, Canada [email protected]

Brent Reuter Head, Investor Services, U.S. [email protected]

europe, middle east and africaSébastien DanloyHead, Investor Services, Europe & Offshore [email protected]

Padraig Kenny Managing Director, Ireland [email protected]

Simon Shapland Managing Director, UK [email protected]

Philippe Legrand Managing Director, France [email protected]

Marco Siero Managing Director, Switzerland [email protected]

José María Alonso-Gamo Managing Director, Spain [email protected]

Mauro DogniniManaging Director, [email protected]

Marc VermeirenManaging Director, [email protected]

Cormac SheedySenior Executive Officer, Middle East and [email protected]

asia-pacificDavid TraversHead, Investor Services, Asia Pacific [email protected]

Andrew GordonHead, Investor Services, Hong Kong and North [email protected]

Diana SenanayakeManaging Director, Singapore and [email protected]

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