BIS handles activities related to post-trade processing and position maintenance. We work with custodians and brokers to facilitate communications, trade confirmation, transaction settlement, reconciliation and cash management.
BIS handles all aspects of trade settlement between brokers and custodians. BIS works with brokers to allocate trades, process all related foreign exchanges and communicate trades to custodian banks. BIS follows up daily with custodian banks and brokers to ensure the settlement of all executed trades.
Middle Office Services
Daily cash is invested and activity reports are produced for trade management. Corporate action information is received, processed and reported. New account and custodian setup is facilitated. Proxy votes are handled per client instructions. Invoices are produced, reported and sent per client request.
Account Administration
BIS handles the bookkeeping and records for various funds, as well as investor accounts. All trades and daily activity are entered into our portfolio accounting system and reconciled daily. Portfolios are priced using IDC. Stock splits, dividend reinvestments, expenses and interest are posted to client accounts and reconciled with the bank. Special corporate actions are researched and booked to the accounts.
Report Generation
BIS works with investment managers to produce reports for their institutional and retail clients. Per managements' requests, we are able to produce preliminary and final performance and portfolio reporting including security, sector, country and brokerage reports. Customized weekly, monthly, quarterly and annual reports are filed on behalf of our investment manager clients.
Compliance BIS has a comprehensive review program that monitors all aspects of fund and investment adviser regulation such as SEC, FINRA, 1940 Acts, and ERISA compliance and includes protocols that meet various Federal regulations/requirements.
BIS works with SEC examiners, auditors and other officials to accommodate client needs.
