In real-time on subscription orders or redemptions received
At closure of the fund on the inflow/outflow balance
At closure if the regulatory materiality threshold defined in the fund or UCITS’ prospectus is crossed

“The real-time aspect and the customised alerts relating to the materiality threshold make Fund Alerts an innovative and comprehensive alert tool. It is particularly effective should outflows exceed a pre-defined threshold and allows fund managers to react swiftly on behalf of their clients, or to activate redemption capping mechanisms”, explains Yvan Mirochnikoff, Head of Digital Solutions at Societe Generale Securities Services (SGSS).

Based on APIs, the solution will be accessible via SG Markets, the online services platform dedicated to the Global Banking & Investor Solutions clients. Each client will be able to define, according to their requirements, the alert-triggering thresholds on value or percentage of the net asset they wish to receive. The client can be notified on their SG Markets profile, via smartphone and/or by email.

“This digital solution is another illustration of SGSS’ ability to transform its clients’ information in order to provide them with a service that matches their requirements”, adds Yvan Mirochnikoff.

Fund Alerts is now available for French and Luxembourg funds managed in France. Deployment will take place during the course of 2021 for funds managed internationally, and from the beginning of January 2021 for those managed in Luxembourg.