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Funds – A Single Global Platform for Every Fund

Sern ThamFundSuite Multifonds – Day 1 breakout

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FundSuite is Multifonds 2

Headquarters Employees12 offices globally

400+(~300 in R&D)

Operational overview

PlatformMultifonds Global Accounting

+Enables fund administrators to perform key accounting functions such as intra-day valuations (IBOR) and end-of-day NAVcalculations (ABOR)

Multifonds Global Investor

+Supports fund administrators in key investor servicing and transfer agency functions such as investor dealing and shareholder record-keeping

Servicing 9 of the top 15

fund administrators

Key highlights

Single global software platform

Supports $5trn assets

Supports 25,000+ funds

Supplier to 9 of world’s top 15 fund administrators

8,000 users globally

Luxembourg

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Leading Provider for Third Party Fund Administrators 3

Top 15 fund service providersAssets Under Administration (US$ billions)

147

179

200

301

645

722

977

1,036

1,400

1,544

1,800

2,869

3,468

6,970

9,050

SERVICING 9 OF THE TOP 15 GLOBAL ADMINISTRATORS

ACROSS 30+ JURISDICTIONS (IN NORTH AMERICA, EUROPE & ASIA)

$5+ TRN ASSETS 20,000+ FUNDS

Source: Global Custody 2013Note: State Street AuA includes IFDS/BFDS

Multifonds client

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Solving Key Industry Challenges 4

Multifonds advantage

Pressure on fees and operational costs

Convergence of long-only and alternative funds

Complexity and cost ofregulatory change

e.g. FATCA, AIFMD, MiFID II

Need for greater risk management and transparency

Total cost of ownership of multiple legacy systems across regions

Long-only control and efficiency with alternatives flexibility

Syndicated analysis and development across clients

Ease of data access based on open Oracle-based architecture

Key drivers

Efficiency through workflow and exception management

Consolidation functions across jurisdiction, asset class

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Multifonds Global Accounting – Key Updates 5

New clients

Significant extensions

MFGA - for consolidated insurance accounting

MFGA - for US 40 Act funds

MFGA – expanded presence in Asia MFGA – expanded presence in France and wider Europe

USA Canada Brazil

MFGA and MFGI

MFGA and MFGI MFGA

MFGA - for German tax accounting

New jurisdictions S. Africa Australia

New functionality

• Workflow Exception Manager (WEM)• ETF PCF/Basket management module• Portfolio Accounting / IBOR Data Model (MFDI)

• Contract for Difference (CFD) module• OTC Clearing & Collateral• Negative interest rate support

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Multifonds Global Investor – Key Updates 6

New clients

Significant extensions

Belgium Hong Kong

- MFGA and MFGI

- MFGA and MFGI

New jurisdictions

New functionality

• Data segregation and masking• Advanced Payments module• FATCA reporting

- MFGI

- MFGI

- MFGI

• OECD CRS• Advanced Trailer Fees/Rebates• Datamart

MFGI – AML, Paymentsand Private Equity

MFGI – Dashboards, Reporting extensions, NSCC connectivity

- MFGI

Mauritius

MFGI – Automatic processing viaWorkflow and Exception Manager

• Capital calls• Cash receipts matching• Dividend automation

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Product Roadmap Approach 7

Regulatory

Client driven

Financial Transaction Tax OECD Info Exchange FATCA UCITS V / MiFID II AIFMD

Legacy migration Fund on-boarding Specific requests

26,000 person days per year Economies of scale of single code

base across all clients Rules / parameter driven (not

customized) to reduce maintenance cost Common, highly scalable Oracle

architecture

Roadmap drivers Development

Strategic initiatives

KPIs and dashboard Convergence New jurisdictions ETFs

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Regulatory Roadmap 8

2014 2015 2016 2017

FATCA

AIFMD

UK FATCA

OECD

Savings Dir.

PRIPS

MiFID II

UCITS

4th AML Dir.

T2S

01 July 2014Due diligence in place

Impact on GI

31 March 2015Reporting for 2014

Impact on GI

1 Jan 2017WHT on Foreign Pass-thru

Impact on FA & GI

End 2014/Mid 2015ImplementationImpact on GI

1 Jan 2017Possible start dateImpact on FA & GI

2015ImplementationImpact on GI

End 2014UCITS V Implementation

Impact on FA

2015Operational

Impact on GI

2015/2016Transposition into

national law

2016ImplementationImpact on GI

July 2014Impl. for existing AIFM

No direct impact

No impact

Limited impact

Large impact

Legend

01 July 2014Due diligence in place

Impact on GI

30 Sept 2016Reporting for 2014/15

Impact on GI

2016Due diligence in place

Impact on GI

2017Reporting for 2014/15

Impact on GI

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Roadmap – Multifonds Fund Accounting 9

≤ v4.30Jun 2014

Asset classes

≤ v4.40Dec 2014

v4.50Jun 2015

v4.60Mar 2016

Contracts for difference (CFD)

OTC clearing and collateral (ESMA)

IRS enhancements (accruals on irregular periods; margin calculation)

Negative interest on bonds and cash

AccountingWorkflow and Exception Manager (WEM)Portfolio accounting(integrated IBOR)

ETF PCF basket managementData mart(MFDI)

WEM – enhancedexception details4-eyes on fund and charge masters, pricing

WEM – enhancedcontrolsIRS, collateral enhancements (FR)

Reporting and interfaces BI Publisher reporting Executive KPIs Performance fees

Regulatory, tax and new jurisdictions

US 1940 Act fundsCanadian insurance

FATCA withholding tax

Australian superannuationAustralian tax (GST, TAFO, TOFA, etc)German tax enhancements

FranceLux CSSF reporting (April 2016)

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Roadmap – Multifonds Global Accounting 10

v5.0 - Sep 2016

Asset classand accounting

v5.1 - Feb 2017 v5.2- Jul 2017

Expanded Transaction IDSwaptionsConvertible bond enhancementsPrivate equityStrategy accounting

User experience

Revamped user experience focused on daily user experience WEM integrationBI Publisher reporting integration

Extend new user experience coverage: factor bonds, loans, deposits, repos, DB/CR, bond redemptions, coupon processing, manual settlements, Swaps

Extend new user experience coverage: corporate actions, dividends, FRA, short/cover, rights, warrants, CFD, EQS, RefIndex, trade amendmentsPosition browser

Reporting and interfaces

Pricing and reference data connector (Bloomberg, IDC, etc.)Report batching, scheduling, distribution

Regulatory, tax and new jurisdictions

SEC deriv disclosure (Form N-PORT)US insurance (incl. NAIC Schedule D reports)

Technical Unified security framework and SSO

Australia tax/superann./IBORIFRS – fee incl. in yield amortisation

WEM – non-daily fundsBank debtSwaps – NPV valuationNon unitized, FoF Instruments

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Roadmap – Multifonds Global Investor (1/2) 11

v4.40 - Feb 2015

Regulatory roadmap

v4.50 - Jul 2015 v4.60 - Feb 2016 v4.70 - Aug 2016

Data segregation & masking

Return of value and FATCA reporting

Belgian taxOECD CRS Static data extensions

OECD CRS reporting support

Long only driven

enhancements

Daily dividends enhancementFX enhancement

Advanced trailer fees / Rebates

Class to coreDaily dividends enhancements

-

Alternatives driven

enhancements

Series of shares enhancements

Fund calendar enhancements

Private equity / Capital calls

-

Efficiency and control

Cash receipt automation Workflow and Exception Manager –Phase 1 Pricing

Dividends automation Workflow and Exception Manager –Phase 2 Pre-advice

ReportingAdditional BIPub reportsBiPub full integration

Add BIPub reports -

Interfaces Dashboard and event triggered extracts

NSCC Connectivity SWIFT enhancements

Migration tool enhancements

Data Mart – Phase 1BiPub distribution –Phase 1

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Roadmap – Multifonds Global Investor (2/2) 12

v4.90 / v5.00 - Jun / Dec 2017

Irish 8-year deemed disposal automationIMR client money requirements automation*

Side pocket automationMaster feeder automation

WEM - Global Ordering dashboardAML module review

Data Mart – Phase 2Swift MX integration

v4.80 - Dec 2016

ISA regulatory reporting support

WEM - Box management automation

FCA interface

Depreciation deposit PF EQ method

Money Market Fund RegulationMiFID 2 impactsT2S impacts

Fund setup improvementsADL/SSP automation

Web Services extensionsWorldcheck integration

Regulatory roadmap

Alternatives driven enhancements

Efficiency and control

Reporting and Interfaces

UK retail enhancementsDistribution support

Fund distribution enhancementsItalian market requirements

French market requirements

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Demo: Multifonds Global Accounting V5.0

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