We solve a diversity of Investment Administration services.
This covers services such as Investment reporting, Investment Accounting, Fund Service (NAV), Collection Management and IT.
It should be emphasized that investments must be viewed broadly. We cover traditional investments, such as bonds, equities, investment funds, properties, derivatives etc., but we are also very good at Alternative investments. In addition, we can handle collections.
Below we have described some of the services we offer. Also look at “By industry” for specific information regarding relevant services for your segment.
Information regarding Fund Service (NAV) please look at “Funds” under “By Industry”.
If you have any questions regarding our services please give us a call or send us on E-mail. Information is under “Contact”
Investment reporting services
There is no single solution for this task. Each client has a little different requirements and wishes.
We usually provide a proposal, that either is short and aggregated or a more detail-oriented version.
Together we’ll find the most appropriate model for you.
Compliance for the Investment policy, managers etc.
The Board or principal has passed a policy or strategy for the investment management. Is it being monitored?
Is the policy compatible with your own or external investment mandates?
Can it even be monitored?
Is their separation between Investment, Advice and Administration?
We help to make the policy operational and prepare independent monitoring and reporting relating to the policy and also asset managers, if required.
We can also offer to control the contracts with custodians, managers etc. for correct fee, MIFID etc.
Performance analysis, risk and stress tests
PandaCockpit® provides an overview of your investments and the ability to make better decisions.
With PandaCockpit®, you can see the return, risk on your investments and benchmark, transactions, static data, market values and key indicators. You can also order reports, do data extrations etc.
Risk consist of compliance functions, currency, counterparty, Value-at-Risk analyses, Stress test and calculation of statistical key indicators, Rating etc.
Together with you, we can compose an investment report that you receive at appropriate intervals or view in PandaCockpit®.
This reporting can consist of professional performance analyses, compliance functions, Value-at-Risk analyses, and calculation of statistical key indicators.
We can calculate Solvency II (Market risk) or other stress tests, including data marts that are ideal for your own Solvency II model.
We also collect third-party data in general or for use with e.g. Solvency II.
As we are also integrated with other expert systems, you can conduct additional advanced analyses.
Cost and investment transparency
Another service we offer involves reviewing all your investments for costs, including e.g. investment fund. Although we emphasis that these figures are not exact, the results are surprising.
We can also check whether settlements are settled in accordance / approximately in accordance with asset management agreements, custody agreements etc.
To enhance investment transparency, we have designed two transparency levels, “Semi transparency” and “Full transparency”.
Semi transparency displays the portfolio at aggregated level whereas full transparency shows the portfolio right down to the share of an ISIN code e.g. in an investment fund.
Full transparency is useful for Solvency II, for example.
Sometimes clients fear that outsourcing will drain knowledge from the organisation.
Yet often we see clients have more time for reflection – which results in greater insight and better decisions.
In any case, training is needed.
We are happy to help.
Investment Accounting services
By using our solution you have access to both qualified and flexible manpower within the areas of IT, Back Office and Middle Office.
We take care of the everyday “drudgery”, and regard ourselves as your employees.
Initially PandaConnect establishes the cooperation with your custodians, to prepare the transfer of electronic or manual transactions and a basis for balancing accounts.
The received and collected data is registered in PandaConnect’s systems. Registered information could be trades, interests, yields, redemptions, corporate actions, prices, static data, and key figures.
We perform internal reviews and controlling processes to ensure the accuracy of for instance the nominal balance, reconcile accounts to the custodians, association between trades and cash movements, random control of prices and static data as well as collection of missing information.
Regarding Alternative Investments we setup the best possible solution to keep you as updated as possible.
The cornerstone of our services is to execute the accounts of financial assets – whether you decide to complete it yourself or leave it to us.
It is possible to calculate the figures on the basis of the Back Office transactions, our static data and prices.
If you prefer, PandaConnect can complete the accounts with additional specifications. All you need to do is to register a general ledger balance once a month or leave it to us to talk with the auditors.
In connection with the annual report, we can also take the dialogue with the auditor, as well as access to PandaCockpit® in connection with the audit.
A total overview of wealth often includes assets that are regarded less as investments and more characterized by having sentimental value or held due to individual taste.
PandaConnect has developed a state of the art collections module handling all types of collective items from work of art, classic car collections etc.
This means that some clients use PandaConnect as a complementary lifestyle product for possessions of value rather than solely rely on it for a investment foundations.
The IT platform
The PandaConnect portfolio management system is available in one version on our central IT platform. As a rule, our clients share the IT setup, calculation methods, static data, key figures and prices.
Our platform consists of separate production, development and test environments. Adding to this is our security environments with a hot standby server, ready to take over with a data loss of maximum 5 minutes, and a complete cold standby server with a full backup.
Our central portfolio management system is developed in an Oracle database using Microsoft’s ASP.NET as a user interface. This setup provides the system with very high performance stability and a high speed of development.
PandaConnect meets the extended requirements of the Danish Financial Supervisory Authority for data and delivery security for outsourcing partners to insurance companies, pension funds, banks, unit trusts etc.
Each year a statement on IT and user system security is released by acknowledged accountants according to the international standard ISAE 3402 type 2/3000 and the Danish Act on financial companies § 71, Sec. 1, No. 4.
In addition to the above, each year is given a separate statement about disaster prepared in according with ISAE 3000 DK.
We have received these statements since 1997.
In 2015 we have expand this to also include personal data.
Our latest rating is from January 2019 and the assessment positions us among the very best IT security platforms in Denmark, ranking our IT setup as on “a very satisfactory level”.
The IT platform is physically situated in a very advanced hosting centers that corresponds to all possible requirements.
We have our production, development, and test environments situated at our main centers together with a hot standby environment.
Our cold standby environment with a full backup to be ready within 5 hours is situated at our secondary hosting centers.
PandaCockpit® provides you with online access to a quick overview of your portfolios – in figures and graphics. You can see your data on the WEB and APP.
The essence of PandaCockpit® is “Simply Portfolio Overview”, which shows a range of important parameters such as performance, risk figures including VaR, stress tests including Solvency II, monitoring investment policy compliance and asset managers, counterparty risk, accounts etc.
Detailed information on holdings, transactions, trade confirmations, market values, static data and derivatives etc. is all at your fingertips.
You also have modules for all your Alternative investments even your Collections.
You can also extract data to data marts, Excel, pdf etc.
PandaCockpit® is integrated with other expert systems, including of course bookkeeping systems.
Access to the system
Your data is available to you in numerous ways.
Go online with PandaCockpit® and get an immediate overview of the most relevant investment information. Choose to order detailed reports from the report module. All reports are generated as PDF or Excel documents. Use the App for a top view.
If you need basic data for your own systems, we can provide data loads for you. It is up to you to decide whether this information should be submitted daily, weekly or monthly. Your accounting figures will be provided to you in a standardised file – all ready to be loaded to your bookkeeping system.
If you wish to add features to your other systems, we may be able to integrate these to PandaConnect’s portfolio management system. For instance, an upload of your portfolios can be provided to Bloomberg, allowing you to make better use of its potential.
If you need other integrations, we are always ready to develop the software for you.
One of the cornerstones of our services is the combination between IT and business. With our extensive experience in the field of project development, we can provide both business and developmental resources.
Combining your data, our platform and development expertise, PandaConnect’s portfolio management system is a very good starting point for any further software developments. You can choose to define your own individual software, or develop features of a more general character, to which other clients and PandaConnect could contribute.
Together with EY and KPMG we have composed a developmental model, which is applied to our systems development.
Clients are very rarely disturbed by the IT development, and we have an excellent success ratio of keeping within deadlines and budgets.