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Functionality
Chorus is functionally rich in the key areas of investment administration, from recording trades through to calculating income, and fund administration, with multi-currency accounting, multi-class unitised fund price calculation and reporting.
Core investment position and accounting
- Management of mutual funds: Master Feeder funds , Funds of Funds, Compartment funds, Mixed funds, Multi-class funds.
- Management of institutional portfolios: Insurance , Pension funds, Holding companies .
- All transactions update both the asset holding position and the accounting position in real-time
- Widest coverage - multi-asset type, multi-currency, and multi-codification
- Rules-based management processes - Fifo, Lifo, and weight average cost (WAC)
- A position keeping module allows to give a global visibility for the manager
Fund Administration and management of Institutional portfolios
- A user-defined full chart of accounts is maintained for each portfolio
- Chorus caters for both cash deposits and money market instruments
- Chorus values user-defined asset positions and re-values accounts as at any historical date and time
- Chorus's multi-class pricing module provides a highly configurable mechanism for modelling different types of funds, with no practical limit on the number of classes within a fund
- Chorus provides a wide range of operational reports and a powerful Report Writer
- High degree of connectivity and integration - automatic integration of transaction data, printing, file extractions, ad-hoc report generation, secure interface with other accounting systems, and custodian and correspondent bank reconciliations
- A set of transversal services, like Nile a financial global database updated in real time and exporting data tailored to the client's needs
Key benefits
- Compliance in all environments - Chorus ensures regulatory compliance in every locality in which you trade
- Easy implementation - professional and expedient implementation services are critical in the world of portfolio accounting and Linedata Services has proven methodologies to ensure a quick and seamless implementation of Chorus, at even the world's largest investment managers.
- Unprecedented flexibility of deployment - Chorus is easily deployed in a traditional client-hosted environment or as an ASP. More than 60% of all Chorus clients use Chorus in an ASP environment.