Depositary - BFF Banking Group
Depositary
Our depositary services include:
- NAV valuation monitoring and other oversight activities
- Ensuring compliance for Fund share issues and reimbursements
- Record-keeping on the ownership of the financial instruments and other assets
- Reporting for Funds, asset managers and oversight bodies
- Reconciliation of financial instruments, assets and liquidity
- Execution of current account operations for Funds
KEY ADVANTAGES
- Unique knowledge of local context – sole Italian depositary
- Ability to adapt to customer needs (e.g. custom reporting)
- Market leader for closed pension funds
- Extensive offering of high value-add products/services
Our depositary offering can be integrated with a set of value-added services, which can be customised to meet the client’s specific set of requirements:
- Soft-NAV calculation for all clients
- Checks on legislative limits and investment mandate limits
- Indexing of pension funds
- OICR “Look Through”: detailed analysis and monitoring, within the legislative limits, of each financial instrument in the OICR portfolio; on the basis of this analysis, direct and indirect investment limits are recalculated
- Sending of COVIP flows (Resolution 16/3/2012) in support of pension fund financing
- Customer-facing: dedicated team for the monitoring and verification of payments made by the Fund
- NETGATE Reporting System: performance and risk analysis of the portfolio, efficiency indicators and rolling analysis
- Management of integrated taxation: following proper authorisation, compilation of documents and forms for the optimisation of tax expenses
- Efficient document exchange through a dedicated IT applicatio