br i ngi ng f u n d m a nage r s a n d bu y e r s t oget h e r
GLOBAL FUND PLATFORM
© RBC Investor & Treasury Services™ is a global brand name and is part of Royal Bank of Canada. RBC Investor & Treasury Services is a specialist provider of asset
servicing, custody, payments and treasury services for financial and other institutional investors worldwide. RBC Investor Services™ operates through two primary
operating companies, RBC Investor Services Trust and RBC Investor Services Bank S.A., and their branches and affiliates.
In the UK, RBC Investor Services Trust operates through a branch authorized by the Prudential Regulation Authority and regulated by the Financial Conduct
Authority and the Prudential Regulation Authority. This material is not for distribution to retail clients as defined under the rules of the FCA. The Dubai Branch
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services business by the Australian Securities and Investments Commission under the AFSL (Australian Financial Services Licence) number 295018. In Singapore,
RBC Investor Services Trust Singapore Limited (RISTS) is licensed by the Monetary Authority of Singapore (MAS) as a Licensed Trust Company under the Trust
Companies Act and was approved by the MAS to act as a trustee of collective investment schemes authorized under S 286 of the Securities and Futures Act (SFA).
RISTS is also a Capital Markets Services Licence Holder issued by the MAS under the SFA in connection with its activities of acting as a custodian. In Hong Kong,
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Authority. RBC Investor Services Trust Hong Kong Limited is regulated by the Mandatory Provident Fund Schemes Authority as an approved trustee.
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the global fund platformbringing fund managers and buyers together
The evolving fund distribution landscape presents a highly dynamic and challenging environment for both fund buyers and managers.
The increasing adoption of open architecture, the expansion of cross-border distribution, growth of wealth management solutions
and the regulatory evolution designed to deliver greater investor transparency present both challenges and opportunities for
market participants.
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- economies of scale- operational risk reduction
- single access point- back office support
introducing gl obal fund pl atform
Through its unique global offering, RBC Investor & Treasury
Services can provide solutions to help both managers and
buyers fully exploit and adapt to the dynamics of the fund
distribution market.
a dedicated solution for fund buyers
Our Global Fund Platform allows fund buyers to optimise
fund selection in an open architecture environment with access
to more than 84,000 share classes registered with a network
of 400 transfer agents. The Global Fund Platform can facilitate
the investment process through simplified and secure trading
and settlement with RBC Investor & Treasury Services as
the main contact.
Our service provides access to pre-negotiated intermediary
agreements across a broad spectrum of fund buyers.
In addition, our service helps fund buyers:
> Streamline processes by supporting fund selection and client
management with an online quantitative analysis tool > Reduce cost and risk
> Increase revenue and improve transparency
dedicated solution for fund managers
Our Global Fund Platform also serves the fund manager,
helping them to extend their fund distribution to new markets.
The Global Fund Platform can increase the visibility of fund
manager offerings to distributors and provide full transparency
and comprehensive data management on the distribution
network, including real time reporting, compliance monitoring
and due diligence of sub-distributors.
The Global Fund Platform can also reduce operational and
distribution costs and helps simplify trading infrastructure.
Our service can help managers:
> Increase revenues through the promotion of funds
to more buyers > Provide more transparency and detail on who is investing
in funds > Reduce costs by utilising straight through processing (STP)
links to transfer agents, providing automated trailer fee
solutions and reducing the legal workload related to
intermediary agreements with fund buyers
the global fund platformbringing fund managers and buyers together
transaction management
Comprehensive services supporting the trading process including:
> Order routing and settlement of transactions > Reconciliations and account maintenance > Portfolio position keeping > Corporate action processing > Comprehensive fund database > Online information and reporting > Cash management and order settlement > Foreign exchange and transaction orders
fund intermediary service
Intermediary service between fund managers and buyers for the establishment of standard intermediary agreements assisting with:
> Negotiation of distribution terms of business > Legal management of intermediary agreements > Revenue sharing program > Trailer fee administration
analy tical services
Comprehensive investment decision and performance monitoring support tool, including:
> Fund screening and selection > Risk reporting > Portfolio back testing and fund aggregation
the global fund platformtransaction management
* RBC Investor & Treasury Services does not provide investment advice.
focus on transaction management
Fund data baseThe platform provides access to more than 84,000 share classes.
The types of funds include mainstream funds, ETFs, and hedge
funds across a range of domiciles.
Using a sophisticated search facility, clients locate funds using
various data points including their investment criteria.*
Once located, the platform provides access to all of the fund
documentation including factsheets, prospectus’ and KIIDs
for review.
order routing
The platform handles many order types, including subscriptions,
redemptions, transfers of shares and switches. We accept deals in
amounts and shares, across multiple currencies.
Buyers navigate an intuitive web portal, GFP online,
for trading, enquiries, reporting and other added value services.
We also support a variety of straight through processing (STP)
solutions including SWIFT, SWIFT XML, CSV and FTP files.
For mainstream funds, we offer a 45 minute cut-off time before
the official deadline of the fund for automated transactions and
a two hour cut-off time for fax instructions. Hedge fund cut-off
times range from 2-5 business days before the official target
fund deadline.
trading account maintenance
By operating as a single trading venue for clients’ fund activity,
we can present a consolidated view across all of their fund
holdings and transactions.
On behalf of clients, we process all corporate event activity
including: cash dividends (including reinvestment), mergers,
splits and liquidations.
cash management and set tlement
Clients hold cash accounts at RBC Investor & Treasury Services
to settle all cash movements, trailer fees and corporate action
proceeds. These accounts increase efficiency by eliminating
the need for individual trade payments. Clients can pay in a range
of different currencies and our system will automatically manage
the FX settlement into the appropriate currency.
online reporting
In addition to the reporting available through GFP online,
we offer standard, flexible and ad hoc reporting in a variety of
formats including PDF, CSV files, SWIFT and fax and in whatever
dates clients require. Reporting can be accessed online.
Through its Global Fund Platform, RBC Investor & Treasury Services provides solutions to help fund buyers and managers fully exploit
the dynamics of the global investment fund market. Our highly flexible offering includes transaction management, administration of
trailer fee processing and fund intermediary services, and a comprehensive analytical services module, including fund screening tools,
performance measurement and risk analysis.
the global fund platformfund intermediary service
focus on fund intermediary service
For clients who wish to invest in a wide range of funds but lack
the necessary administration and legal infrastructure, we provide
a holistic solution.
negotiation of distribution terms of business
RBC I&TS has negotiated Intermediary Agreements covering
terms of business including trailer fee rates with a broad range of
fund management companies. Clients benefit from pre-negotiated
trailer fees, enabling them to gain advantage from our scale
through a single agreement.
transparent commission arrangements
Our program offers transparent trailer fee calculation for clients’
holdings, where our clients receive 100% of the trail fee
negotiated.
The platform provides a consolidated view of trailer fees due from
each manager and we can provide flexible account structures
facilitating reallocation of income.
trailer fee administration
The platform manages the set-up and maintenance of your trailer fee arrangements with each manager, including:
> Trailer fee calculation and validation > Consolidated reporting > Consolidated payment using pre-set client
payment instructions > Proactive payment collection
Through its Global Fund Platform, RBC Investor & Treasury Services provides solutions to help fund buyers and managers fully exploit
the dynamics of the global investment fund market. Our highly flexible offering includes transaction management, administration of
trailer fee processing and fund intermediary service, and a comprehensive analytical services module, including fund screening tools,
performance measurement and risk analysis.
fund manager / global distributor
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payment of client trailer fee to global fund platform based
on ia
ia - intermediary agreementtsa - transaction support agreementts - transaction supportas - analytical services
payment of full trailer fees agreed in tsa
payment of fees for global fund platform services (ts+as)
invoice from rbc isinvoice from rbc is
global fund platform
global fund platform
fund buyer / sub-distributor
INVOICE FROM RBC I&TS INVOICE FROM RBC I&TS
the global fund platformanalytical services
focus on analy tical services
Within our Analytical Services, the Global Fund Platform
presents a comprehensive investment decision and performance
monitoring support tool for fund buyers. This tool is fully
integrated with our transaction management platform,
providing a one-stop solution for our clients.
fund screening and selection
Our services offer quantitative and qualitative search criteria
across more than 84,000 share classes.
We provide online factsheets including details of:
> Performance and risk statistics > Master data > Lipper ratings > Dividend details > Investment rules > Applicable fees > Party information
Our service offers a range of 35+ fund statistics calculated for
different frequencies and time horizons.
risk reporting
Our analytical services provide risk reporting around absolute
and relative risk measures such as standard deviation, Sharpe
ratio, beta, tracking error and alpha helping clients to assess
the adequacy of their portfolio versus their investment strategy.
portfolio backtesting and fund aggregation
Our specialised backtesting and fund aggregation capabilities support the:
> Creation of watchlists, benchmarks and portfolios > Risk and performance evaluation > Attribution analysis (currency, country of domicile, category,
asset type, investment region and NAV frequency) > Contribution analysis to detect risk and return drivers
of the portfolio
Through its Global Fund Platform, RBC Investor & Treasury Services provides solutions to help fund buyers and managers fully exploit
the dynamics of the global investment fund market. Our highly flexible offering includes transaction management, administration of
trailer fee processing and fund intermediary service, and a comprehensive analytical services module, including fund screening tools,
performance measurement and risk analysis.
rbcits.com
ABOUT US
RBC Investor & Treasury Services (RBC I&TS) is a specialist
provider of asset servicing, custody, payments and treasury
services for financial and other institutional investors worldwide.
We serve clients from 18 locations across North America,
Europe and the Asia Pacific region. We deliver custodial, advisory,
financing and other services to safeguard clients’ assets,
maximize liquidity and manage risk in multiple jurisdictions.
RBC I&TS is ranked among the world’s top 10 global custodians,
with USD 3.1 trillion (CAD 3.1 trillion) in client assets under
administration (as at Q3 2013).
contacts
Richard Hale Global Fund Platform SalesT +44 (0) 207 002 [email protected]
americas
John Lockbaum Head, Investor Services, Canada [email protected]
Brent Reuter Head, Investor Services, U.S. [email protected]
europe, middle east and africaSébastien DanloyHead, Investor Services, Europe & Offshore [email protected]
Padraig Kenny Managing Director, Ireland [email protected]
Simon Shapland Managing Director, UK [email protected]
Philippe Legrand Managing Director, France [email protected]
Marco Siero Managing Director, Switzerland [email protected]
José María Alonso-Gamo Managing Director, Spain [email protected]
Mauro DogniniManaging Director, [email protected]
Marc VermeirenManaging Director, [email protected]
Cormac SheedySenior Executive Officer, Middle East and [email protected]
asia-pacificDavid TraversHead, Investor Services, Asia Pacific [email protected]
Andrew GordonHead, Investor Services, Hong Kong and North [email protected]
Diana SenanayakeManaging Director, Singapore and [email protected]