Wealth & Asset Management
Many counterparties behind every portfolio
Fund distribution works in ISO 20022
Transfer agents and fund platforms commonly exchange orders and confirmations as setr messages, while portfolio systems may still produce MT502.
Confirmations must match the order
Every purchase or sale needs its confirmation checked against what was ordered, before the client sees it in the portfolio.
Several custodians, one view
Holdings and transactions arrive from each custodian as separate statements, in their own standard, and have to reach the portfolio system in one format.
Corporate events reach the client
Notifications and elections for funds and securities held for clients must be passed on and answered on time.
Where the Hub stops and your portfolio systems take over
Handled by the Messaging Hub
Handled by your portfolio and order systems
The Hub connects to these systems through its standard connectors, and converts to proprietary CSV, XML or JSON formats where needed.
One hub for every transfer agent and custodian
Orders in the standard each counterparty uses
MT502 goes out as setr.004 or setr.010, and setr confirmations and status come back as MT515 and MT509 for portfolio systems that work in MT.
ISO 20022 Migration →Confirmations checked against the order
Matching rules for client confirmations of purchase or sale (MT515) are preconfigured, and can be adjusted to your own fields.
Business Matching →All counterparties in one place
Routing, archive and search for the traffic of every transfer agent, broker and custodian, with data segregation per team.
SWIFT Modernization →Order, settle, report
| Flow | SWIFT MT | ISO 20022 | What the Hub does |
|---|---|---|---|
| Order | |||
| Fund subscription and redemption orders | MT502 | setr.004 · setr.010 | Translation both ways and routing |
| Order confirmations | MT515 | setr.006 · setr.012 | Translation both ways, and matching of client confirmations |
| Order status | MT509 | setr.016 · setr.017 | Translation both ways |
| Settle | |||
| Settlement instructions | MT540 · MT541 · MT542 · MT543 | sese.023 | Translation, validation and routing |
| Settlement status and confirmations | MT548 · MT544 · MT545 · MT546 · MT547 | sese.024 · sese.025 | Translation, linked to the original instruction |
| Report | |||
| Custody statements | MT535 · MT536 · MT537 | semt.002 · semt.017 · semt.018 | Translation and routing to the portfolio system |
| Corporate actions | MT564 · MT565 · MT566 | seev.031 · seev.033 · seev.036 | Translation both ways |
Products for wealth and asset management
Messaging Hub
The operations platform between your portfolio systems and your transfer agents, brokers and custodians.
Prowide Integrator
Parsing, translation and validation of fund and securities messages inside your own platform.