Price/valuation of Holdings: Validation of Process and Procedures

The Benefits:

Lower compliance costs enabled by "One stop shop"- Automated solutions from one partner, all with case management and audit trails;
Time gain- Less on-site time by regulators, less time for the annual review, less overhead due to work automation and less time for the arduos and daunting tasks of gathering, organizing and analyzing data;
Reduced regulatory and fiduciary risks because our system minimizes surprises and losses;
Competitive advantages in asset gathering and retention- Investors enjoy enhanced trust, comfort and confidence during due diligence efforts due to the independence of our system.

Price/valuation of Holdings: Validation of Adequate Pricing and Valuation Processes and Procedures

FTT alerts when a security has a stale price or has become illiquid, or both. This enables the compliance officer to verify that the holding was appropriately valued by the pricing committee AND that the valuation procedure reflects current market conditions. Further, the system also provides for automated acid testing (recent sale price vs. recent valuations) and pricing alteration detection vs. pricing service files.

Additional Features of this module

Global Security Master File: FTT maintains a global security master file and updates it daily to insure accurate and timeliness of security data. The master file is comprised of all security types and corresponding market, fundamental and indicative data required to provide services.

Exceptions Resolutions Archiving and Tracking: All exceptions to guidelines are archived and aged by calendar until closed by the compliance user. This feature provides for both “notes to the file” capabilities as well as audit trails for internal or regulatory audit purposes, or both.

Home Page