DST Global Solutions provides Portfolio Accounting software that supports both global and local requirements. HiNet can be implemented worldwide across an organisation bringing the benefit of group consolidation at the centre, whilst supporting the regional demands of local offices.
DST Global Solutions is well placed to provide an Investment Accounting solution to meet the needs of portfolio accountants within investment companies of all sizes.
HiNet has a well-established track record, operating on a highly scalable, open relational architecture. One of its key strengths is its ability to successfully manage regulatory, GAAP and tax requirements.
Transaction Lifecycle
DST Global Solutions' portfolio accounting system supports the processing of transactions throughout the trade lifecycle and is designed to deliver:
- Accurate recording of both market and off-market transactions
- Timely settlement
- Fair and accurate valuation
- Reporting of transactions and positions
- Adherence to regulatory and legislative requirements
Tax Lot Accounting
Tax lot accounting is a fundamental feature of DST Global Solutions' HiNet. Transactions are recorded at individual lot level to which different accounting calculations can be applied, including tax based costing methods.
GAAP rules
Being fully multi-currency, exchange rate equivalents are maintained to take into account the effect of currency fluctuations on realised and unrealised profit/loss positions. In addition, the system retains the historical acquisition cost separately from any required re-valued cost that may have been restated based on US GAAP rules.
Related Products
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HiPortfolio is a market leading, comprehensive fund accounting solution delivering trade and investment cycle functionality in an integrated environment. Multi-currency and multi-lingual, HiPortfolio has been chosen by Third-Party Administrators (TPA) and asset management firms in more than 35 countries. All HiPortfolio clients count on its power, speed and sophistication to manage mission-critical functions.
Related news
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DST Global Solutions launches OTC Lifecycle Manager to enhance control of OTC derivatives
June 29, 2010
In response to new market conditions and the changing regulatory landscape, challenges of operational risk and proliferation of OTC contracts faced by its clients, DST Global Solutions Investment Management Solutions (IMS) business has announced the launch of OTC Lifecycle Manager.
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DST Global Solutions appoints Geoff Harries to drive HiPortfolio® product strategy
March 09, 2010
DST Global Solutions appoints Geoff Harries to provide strategic direction across a number of the company’s solution areas around investment accounting and recordkeeping.
