Funds – A Single Global

Platform for Every Fund

Sern Tham
FundSuite Multifonds – Day 1 breakout

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FundSuite is Multifonds 2

Key highlights

Supplier to 9 8,000 Supports Supports Single global

of world’s top users 25,000+ $5trn software
15 fund Servicing funds
9 of the top 15
administrators globally assets platform
fund administrators

Platform
Multifonds Global Accounting Multifonds Global Investor
+Enables fund administrators to perform key accounting functions +Supports fund administrators in key investor servicing and transfer
such as intra-day valuations (IBOR) and end-of-day NAV agency functions such as investor dealing and shareholder record-
calculations (ABOR) keeping

Operational overview
Headquarters 12 offices globally Employees

Luxembourg 400+
(~300 in R&D)

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Leading Provider for Third Party Fund Administrators 3

Top 15 fund 9,050

service 6,970
providers
3,468
Assets Under
2,869
Administration
(US$ billions) 1,800 SERVICING 9 OF THE
1,544
TOP 15 GLOBAL
ADMINISTRATORS
1,400

1,036

977 $5+ TRN ASSETS

20,000+ FUNDS
722

645

301 ACROSS 30+

200
JURISDICTIONS (IN
NORTH AMERICA,
Multifonds client 179
EUROPE & ASIA)
147
Source: Global Custody 2013
Note: State Street AuA includes IFDS/BFDS

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Solving Key Industry Challenges 4

Key drivers Multifonds advantage

Complexity and cost of
regulatory change Syndicated analysis and development across clients
e.g. FATCA, AIFMD, MiFID II

Convergence of Long-only control and efficiency with alternatives

long-only and alternative funds flexibility

Pressure on fees and operational Efficiency through workflow and exception

costs management

Need for greater risk management Ease of data access based on open Oracle-based
and transparency architecture

Total cost of ownership of multiple

legacy systems across regions Consolidation functions across jurisdiction, asset class

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Multifonds Global Accounting – Key Updates 5

MFGA - for German MFGA and MFGI

tax accounting

New clients MFGA and MFGI MFGA

MFGA - for consolidated MFGA - for US 40

insurance accounting Act funds

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

New
USA Canada Brazil S. Africa Australia
jurisdictions

• Workflow Exception Manager (WEM) • Contract for Difference (CFD) module

New
• ETF PCF/Basket management module • OTC Clearing & Collateral
functionality • Portfolio Accounting / IBOR Data Model (MFDI) • Negative interest rate support

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Multifonds Global Investor – Key Updates 6

- MFGA and MFGI - MFGI

New clients - MFGI

- MFGA and MFGI

- MFGI
- MFGI

Significant
extensions MFGI – AML, Payments MFGI – Dashboards, Reporting MFGI – Automatic processing via
and Private Equity extensions, NSCC connectivity Workflow and Exception Manager

New
jurisdictions Belgium Hong Kong Mauritius

• Data segregation and masking • OECD CRS • Capital calls

New
• Advanced Payments module • Advanced Trailer Fees/Rebates • Cash receipts matching
functionality
• FATCA reporting • Datamart • Dividend automation

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Product Roadmap Approach 7

Roadmap drivers Development

 Financial Transaction Tax  26,000 person days per year

 OECD Info Exchange
Regulatory  FATCA
 UCITS V / MiFID II
 AIFMD
 Legacy migration
Client driven  Fund on-boarding
 Specific requests
 Economies of scale of single code
base across all clients
 Rules / parameter driven (not
customized) to reduce maintenance
cost
 Common, highly scalable Oracle
architecture

 KPIs and dashboard

Strategic  Convergence
initiatives  New jurisdictions
 ETFs

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Regulatory Roadmap 8

2014 2015 2016 2017

01 July 2014 31 March 2015 1 Jan 2017 Legend
FATCA Due diligence in place
Impact on GI
Reporting for 2014
Impact on GI
WHT on Foreign Pass-thru
Impact on FA & GI No impact

July 2014 Limited impact

AIFMD Impl. for existing AIFM
No direct impact
Large impact

01 July 2014 30 Sept 2016

UK FATCA Due diligence in place
Impact on GI
Reporting for 2014/15
Impact on GI

2016 2017
OECD Due diligence in place
Impact on GI
Reporting for 2014/15
Impact on GI

1 Jan 2017
Savings Dir. Possible start date
Impact on FA & GI

End 2014/Mid 2015

PRIPS Implementation
Impact on GI

2015
MiFID II Implementation
Impact on GI

End 2014
UCITS UCITS V Implementation
Impact on FA

2015/2016
4th AML Dir. Transposition into
national law

2015 2016
T2S Operational
Impact on GI
Implementation
Impact on GI

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Roadmap – Multifonds Fund Accounting 9

≤ v4.30 ≤ v4.40 v4.50 v4.60

Jun 2014 Dec 2014 Jun 2015 Mar 2016

Contracts for OTC clearing and IRS enhancements Negative interest

Asset classes difference (CFD) collateral (ESMA) (accruals on irregular on bonds and cash
periods; margin calculation)

Workflow and Exception ETF PCF basket WEM – enhanced WEM – enhanced
Manager (WEM) management exception details controls
Accounting
Portfolio accounting Data mart 4-eyes on fund and charge IRS, collateral
(integrated IBOR) (MFDI) masters, pricing enhancements (FR)

Reporting and Executive KPIs Performance fees

interfaces BI Publisher reporting

Regulatory, FATCA withholding Australian superannuation France

tax and new US 1940 Act funds tax Australian tax (GST, TAFO, Lux CSSF
jurisdictions Canadian insurance TOFA, etc) reporting (April
German tax enhancements 2016)

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Roadmap – Multifonds Global Accounting 10

v5.0 - Sep 2016 v5.1 - Feb 2017 v5.2- Jul 2017

Revamped user experience Extend new user experience coverage: Extend new user experience
focused on daily user factor bonds, loans, deposits, repos, coverage: corporate actions,
User experience experience DB/CR, bond redemptions, coupon dividends, FRA, short/cover,
WEM integration processing, manual settlements, rights, warrants, CFD, EQS,
BI Publisher reporting Swaps RefIndex, trade amendments
integration Position browser

Asset class WEM – non-daily funds Swaptions

Expanded Transaction ID Bank debt Convertible bond enhancements
and accounting Swaps – NPV valuation Private equity
Non unitized, FoF Instruments Strategy accounting

Reporting and Pricing and reference data connector

(Bloomberg, IDC, etc.)
interfaces Report batching, scheduling, distribution

Regulatory, tax and Australia tax/superann./IBOR SEC deriv disclosure (Form N-PORT)
IFRS – fee incl. in yield US insurance (incl. NAIC Schedule D
new jurisdictions reports)
amortisation

Technical Unified security framework and SSO

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Roadmap – Multifonds Global Investor (1/2) 11

v4.40 - Feb 2015 v4.50 - Jul 2015 v4.60 - Feb 2016 v4.70 - Aug 2016
Belgian tax
Regulatory Data segregation & Return of value and OECD CRS
masking FATCA reporting OECD CRS Static data reporting support
roadmap
extensions
Long only Daily dividends Advanced trailer fees / Class to core -
driven enhancement Rebates Daily dividends
enhancements FX enhancement enhancements
Alternatives Series of shares Fund calendar Private equity / Capital -
driven enhancements enhancements calls
enhancements
Cash receipt automation Workflow and Dividends automation Workflow and
Efficiency and
Exception Manager – Exception Manager –
control Phase 1 Pricing Phase 2 Pre-advice

Additional BIPub reports Add BIPub reports Data Mart – Phase 1 -

Reporting BiPub distribution –
BiPub full integration
Phase 1

Dashboard and event NSCC Connectivity Migration tool SWIFT

Interfaces enhancements enhancements
triggered extracts

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Roadmap – Multifonds Global Investor (2/2) 12

v4.80 - Dec 2016 v4.90 / v5.00 - Jun / Dec 2017

ISA regulatory reporting Irish 8-year deemed disposal Money Market Fund
Regulatory support automation Regulation
roadmap IMR client money MiFID 2 impacts
requirements automation* T2S impacts

Distribution UK retail enhancements Fund distribution French market

enhancements requirements
support
Italian market requirements

Alternatives driven Depreciation deposit PF Side pocket automation

enhancements EQ method Master feeder automation

Efficiency and WEM - Box management WEM - Global Ordering Fund setup
control automation dashboard improvements
AML module review ADL/SSP automation

Data Mart – Phase 2 Web Services extensions

Reporting and FCA interface
Swift MX integration Worldcheck integration
Interfaces

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Demo:
Multifonds Global
Accounting V5.0

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Thank you

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