E FA . e u

Since its inception in 1996, EFA’s range of services has expanded far beyond fund administration.

The company has grown to become a recognised specialised asset servicer and a market reference for tailor-made services.We promote innovation and continuously develop new products and services by closely tracking market and regulatory trends. We do this in open architecture for investment funds and other investment vehicles and through the provision of specialised institutional services.

MIDDLE & BACK OFFICE SERVICES

In recent years, the administrative workload of Asset Managers has dramatically increased due in part to the constant evolution of regulations. Furthermore, the management of the costs is critical for Asset Managers in an ever-increasing competitive environment.

Being a financial service provider with a strong track record, EFA helps Asset Managers getting more competitive, by assisting them in their day-to-day Middle and Back Office activities, thus enabling them to focus all their capabilities on bringing added value to their clients.

EFA offers a Middle and Back Office range of services that can be tailored to the size and needs of Asset Managers and Institutional Investors.

WHY CHOOSE EFA AS A PARTNER ?Middle and Back Office activitiesEFA enables you to partly or entirely outsource your middle and back office activities by letting our experienced teams take care of:

• Trade pre-matching with brokers;• Maintenance of funds’ standard settlement

instructions (SSIs) and their communication to brokers;

• Sending of settlement instructions to the custodian bank (open-architecture model);

• Monitoring of settlement of operations;• Valuation of portfolio assets and accounting

bookings;• Reporting for your institutional clients;• Data feed for your front-office system to build and

maintain a precise Investment book of records;• Measurements of portfolio’s risk, performance, and

control of investment restrictions.

A comprehensive Trade Management SolutionEFA’s trade management services comprise trade capture, matching processes and settlement monitoring leveraging on:

• DTCC-CTM for pre-matching of transactions that can be traded globally (block trades), to be then individually allocated to each of your portfolios (allocation trades);

• DTCC Alert+ for the proper enrichment of trades with portfolio’s SSIs;

• Near real time reporting on pre-matching status for an ongoing update of your portfolio management system;

• In-house SWIFT infrastructure for the sending of settlement instructions to the custodian banks and for the monitoring of settlement status of each trade.

E U R O P E A N F U N D A D M I N I S T R AT I O N S . A .

Portfolio Valuation, accounting & reportingEFA ensures, up to a daily basis, the independent valuation of the assets (listed and complex derivatives) held in your portfolios. EFA categorises your assets with key attributes as recorded in EFA’s securities database. Portfolio positions and cash are reconciled with the custodian bank. You also have an access to key data and reporting allowing you to efficiently communicate with your institutional investors.

Trade management | Securities static data and pricing | Collateral valuation & monitoring | Cash & non-cash reconciliation | Risk measurements | Perfor-mance analysis | Portfolio valuation & accounting | ...

Compliance, risk and performance analysisOur customers have a privileged access to our dedicated team of experts for professional services in the field of investment compliance, risk and performance analysis.

We have a powerful and flexible solution to control investment restrictions from a legal or a contractual perspective, for peace of mind concerning asset compliance with regulations and terms of the mandate.

A complete suite of services is also available to measure key risks to allow a close monitoring of the portfolio’s risks with no software installation and no data management to worry about.

Your portfolios’ performance matters to you, to your clients and potential investors. It is then highly important for you to professionally explain and show in a straightforward manner the sources of the performance arising from your strategy. EFA’s performance analysis services rely on a web-based application providing transactional performance contribution and attribution. The upstream data management is entirely taken care of by our team to guarantee the highest quality of computed returns.

It is an essential tool for your salesforce as well as for your trading team as it provides ongoing dynamic visual analysis and customisable reports.

MIDDLE & BACK OFFICE SERVICES

E U R O P E A N F U N D A D M I N I S T R AT I O N S . A .E FA . e u

This document is intended for general information only and may be subject to change at any time without notice. No information contained within this document constitutes legal advice and should not be relied upon as a substitute for legal advice, business advice or consulting services. March 2020

SERVICES OFFER

• Trade management• Portfolio valuation• Complex security pricing• Collateral valuation & monitoring• Cash & non-cash reconciliation• Securities database maintenance• Performance analysis

MIDDLE OFFICE & BACK OFFICE SERVICES

REGULATORY SOLUTIONS

• Portfolio & fund compliance• Risk measurement services

STATE-OF-THE-ART TECHNOLOGY

NX Compliance

EXAMPLE OF A SOLUTION FOR AN ASSET MANAGER

An Asset Manager wished to focus on its core business, being trading, relied on EFA to take care of its entire post-trading activities for its funds and its discretionary mandates held in different banking institutions.

For this client, EFA performs the matching of orders, their allocations to the various portfolios. The services also cover the monitoring of the settlement with the management and sending of settlement instructions to multiple custodian banks and the company also ensures that any failing/failed trades are promptly resolved.

Looping back with the investment manager systems, EFA determines on each new business day the tradable quantities, available cash and forecasted cash.

EFA develops more and more tailor-made services designed for Asset Managers wishing to outsource middle and back-office activities.

Middle Office Services

Transfer Agent Services

Private Asset Services

Fund Administration Services

JEFFREY NADAL Head of Business DevelopmentJeffrey.Nadal@efa.eu

BART SPEYBROUCK Business Development ManagerBart.Speybrouck@efa.eu

HEADQUARTERSEuropean Fund Administration S.A.2, rue d’AlsaceP.0. Box 1725L-1017 LuxembourgContact@efa.eu

CONTACTS