Fund accounting support to a US-based exchange-traded product (ETP) provider

Client is the pioneer in ETPs, offering leverage in global markets (mainly European), with more than 300 funds
Client was looking for an independent fund administrator to provide support with end-to-end NAV calculations for its ETPs and hedge funds
Investor services: providing support with investor reports, and publishing performance reports and stakeholder dashboards

Client calculated NAVs on Excel; the process was tedious and time consuming
Historical data had to be accessed and corporate actions recorded
Auditing was a challenge
We migrated the process as it was and started to deliver NAV calculations on Excel. We subsequently set up the fund with accounting platform ATWeb/Archway from SEI, and NAVs were then published only through ATWeb
We released NAVs to market (stock exchanges, Bloomberg, pricing team, etc.) before the defined deadline, increasing visibility and the number of orders
Capturing liabilities/fees (arranger fees, manager fees, inventory fees, performance fees, high watermarks and other expenses) on ATWeb was much smoother
We provided ETP performance data for publishing on the client website along with the benchmark
Delivered final terms of creation/redemption orders to exchanges (LSE/CBOE, etc.)

Client launched new funds and migration was smooth
With the help of batching and scheduling functionality, ATWeb automatically sends financial statements to investors/clients
Within a shorter period of time, we provided historical data and other data required
A number of reports can be generated for audit purposes (breakdown of revenue, expenses, etc.)
40%+ operational cost savings effected by the offshore delivery centre, providing a time-difference advantage

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