22 May 2015

European Fund Administration taps AIM for fund-pricing platform

02 July 2014  |  813 views  |  0 Source: AIM Software

AIM Software, the European leader in enterprise data management, today announced that European Fund Administration (EFA) has gone live with a new state-of-the art fund pricing platform based on AIM Software's award-winning GAIN Portfolio Pricing business application.

With 2,682 funds, representing over 104 billion Euros under administration, on behalf of 215 clients, EFA is one of the leading fund administration companies in Europe. The implementation of AIM Software's GAIN Portfolio Pricing represents a key milestone in EFAs data management strategy.

AIM Software's GAIN Portfolio Pricing forms the centrepiece of EFAs flexible fund pricing solution, which captures and processes pricing information from a wide range of sources including Bloomberg, Thomson Reuters and SIX Financial Information. Acting as a Pricing Policy Master, the system allows EFA to define selection and validation rules in a flexible way for each fund or portfolio, building on a library of best practice rules that comply with regulatory frameworks for NAV calculation.

According to Frederic Bilas, Director of Operations at EFA: "The new application allows us to further differentiate by being able to offer a high degree of customisation, to integrate regulatory evolutions, and to respond flexibly to changing client needs in a highly competitive market environment."

Jean-Marc Verdure, Director - Information Technology and Organisation adds: "The manual controls have been dramatically improved enabling the accountants to concentrate on the real issues. They can manage the entire pricing process through a single central platform gathering all the relevant data. This platform helps them to take the appropriate decisions in order to guarantee the representativeness and the independence of the selected prices as well as the traceability of this selection process. " 

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