XENTIS – Investment Management Solution by Profidata

XENTIS, the integrated, modular investment management solution designed to manage the entire investment lifecycle.

XENTIS OVERVIEW

XENTIS is today’s choice for leading investment companies and is currently used by thousands of users to manage assets worth over one trillion EUR, and to price more than 6,000 funds and 30,000 mandates daily. XENTIS’ comprehensive functionality fully supports the entire investment process by automating front-, middle- and back-office operations.

Three options are available for the required startup of XENTIS:

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XENTIS – FRONT-TO-BACK INVESTMENT MANAGEMENT SOLUTION

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Exceptional depth and breadth of functionality

XENTIS’ extraordinary scope of functionality meets the highest standards. Its functions are grouped into 16 modules that are fully integrated. The structural concept has two key advantages that differentiate XENTIS from specialised applications: first, all technical business components can be used across all function-modules and second, the availability and consistency of data across all function-modules is achieved through a centralised database.

This ensures data consistency, minimises the system complexity and simplifies configuration and maintenance.

Flexibility as a fundamental concept paired with cutting-edge technology

Market-specific requirements and legal regulations are becoming increasingly complex and change more and more frequently. The exceptional architecture and flexibility of XENTIS facilitate a quick and effective implementation of such changes without software enhancements.

XENTIS is suitable both for smaller institutions and for large installations with hundreds of workstations. Special architectural features include transaction-oriented data processing, configurable financial instruments and transaction types, as well as a complete and permanently accessible history of all system changes.

Moreover, the dataset is infinitely expandable. Newly generated data fields are available to users in all modules as soon as they are created. Customer-specific business rules, workflows and key indicators are very easy to configure and can be used anywhere in the system. This means that day-to-day activities can be handled efficiently at all times, and new business areas can be developed in a very short time-to-market.

XENTIS is internet-enabled and ideal for use in environments with decentralised structures, to support external asset and relationship managers, for example.

Individuality as a standard

XENTIS combines the advantages of standardised software with the convenience of a customised solution.

Due to the separation of configurable system components from the standard product, changes to business rules, workflows and ratios, for example, can be implemented independent of release cycles. Customer-specific settings are not affected by software upgrades.

XENTIS MODULES

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Investment Compliance Reliable testing of contractual and legal investment limits

Comprehensive Investment Compliance solution by
the market leader* – integrated or stand-alone, on premise,
hosted or as a service.

Extensive pre- and post-trade investment compliance functionality
Defining of limit rules in a standard rule language (business rules)
Direct testing with productive data, set active on the spot
Country rule sets for several countries available
Full process of managing limit violations is controlled with individually configurable workflows
Differentiation in active and passive limit violations
Tolerance levels (info, warning, limit, etc.)
Online check of limit utilisations and violations
Automated creation of reports including legal notifications
Look through of composed financial instruments
Ad hoc and backdated simulation of limit checks

*XENTIS is the preferred solution of institutional fund administrators in Germany

More Information:
XENTIS Investment Compliance

Portfolio Management Extensive analysis and simulations to implement your strategies

Comprehensive range of functions for mandate, fund and portfolio analysis across all asset classes
Model queries and analysis to suit individual needs
Target/actual comparisons and preparation of investment proposals
Order generation incl. pre trade investment compliance
Investment Book of Record (IBOR), based on the XENTIS position, continuously updated by events such as trades, corporate actions and price changes
Risk-adjusted performance measurement (contribution and attribution)
Exposure and overlay analysis
Cash forecasting and cash flow projection
Optimisation/hedging
Excel module with bi-directional data transfer
Dashboards

Order Management Real straight-trough processing from order generation to billing

Straight Through Processing, from generating investment proposals
to executing orders and settling transactions
Parameterised order workflow on a customer-specific basis using
business rules
Trading of all financial instruments
Pooling and splitting
Integrated market conformity checks
Pre-trade investment compliance checks
Linking of trading platforms such as Bloomberg EMSX,
TSOX und FXGO
Automated or manual multi-level matching
Real-time update of order and inventory balances after execution
Event-driven order blotter

Risk Management Reliable measurement and control of market risks

The XENTIS risk engine is based on RiskRadar, a risk measurement system provided by Arkus FS, a member of the Profidata Group.

RiskRadar can work independently as a standalone solution or can act as a solution which is entirely embedded and integrated into XENTIS. In this case, calculations of the risk indicators are based on data that RiskRadar obtains from XENTIS. The resulting key figures are then loaded back into XENTIS and are available for further processing by any XENTIS modules (evaluations, IC checks, reporting, etc.).

Here is a summary of available functionalities

Calculation of theoretical prices for OTC instruments such as forwards, options, swaps or swaptions
VaR/Volatility calculation based on factor models and multiple methods (e.g. Monte Carlo method)
Stress testing
Concentration risk(e.g. sector risks, credit risks etc.)
Liquidity risk monitoring (incl. liabilities and stress testing)
Various asset level risk metrics (contribution to VaR, Fixed Income or derivative metrics etc.)
PRIIPS SRI and performance scenarios/RIY

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Performance Measurement Transparent analysis of your performance

IRR, MWR, TWR performance from consolidated portfolios down to single position level
Contribution and attribution
System architecture allows for individual components to be included or excluded ad-hoc, for example, performance may be calculated net, gross, or involving a subset of specific fee and cost components
Performance comparison with simple or composite benchmarks
Benchmarks can be set as indices or portfolios down to position level or as composite benchmarks
Performance and risk management modules can take existing and simulated holdings into account

Settlement and Reconciliation Highly automated processing and coordination processes

Dispatching of instructions and receipt of confirmations for orders
and transactions are processed in XENTIS via SWIFT, FIX, FAX,
e-mail, etc
Parameterisation is based on Standard Settlement Instructions
Individual adjustments to the processing data for each order or transaction
Periodic reconciliation of data between internal and external sources
Individual reconciliation processes, controlled by means of workflows, definable in XENTIS
Reconciliation analysis provides extended search capabilities for
individual mismatches
Consolidated display of all results through multiple reconciliation
processes at mandate, fund or instrument level

More Information:
Automated Reconciliation Procedures with variable Parameters

Investment Accounting Strong booking functionality for a wide range of accounting regulations

General and sub-ledger function
Upon a one-time entry of a transaction, holdings can be managed in parallel, accordance with any number of accounting or tax standards, e.g. local GAAPs, IFRS, US-GAAP, etc
Accounts can be flexibly defined by account class, account group and single account
Transaction and posting histories are transparent and can be retraced at any time
Online balance sheet and income statement
Reversal chain logic
Valuation on booking, trading and value date
Multi-currency capability
Trial balancing runs can be performed across all accounts ad hoc
End of period and ad hoc closings (fast close)
Group accounting consolidations

Fund Administration and Fund Accounting Efficient mapping of all fund structures and processes

XENTIS covers all fund types (plain vanilla, real estate, derivative, private equity, hedge, strategy, theme, umbrella, fund-of-, multi manager, multi class, master/sub and master/feeder funds)
Delivery of the Net Asset Value (NAV) via so-called processing cycles is automated and can take place at any point in time
Working steps may either be an approval or a processing step
Processing steps execute specific processing cycle functions such as corporate actions, checking the prices/rates applied for fund valuation, investment compliance checks, fee, fund valuation, plausibility and price distribution
Ensuring a NAV calculation of all fund types
Definable tax and fund figures
Booking of special events such as fund mergers, restructurings, etc.
Annual/semi-annual statement of accounts and legal reporting

More Information:
Fee Handling with Performance-Dependent Remuneration Models
Fee Module
Unit Administration for Investors in Institutional Funds
Externally valuated positions in XENTIS

Alternative Investments & Document Management Integrates your Private Market Investments into XENTIS

Seamlessly enhances “Private Equity” and “Private Debt” asset classes within XENTIS
Comprehensive templates cover private markets instruments, including commitments and cash flows
All-in-one view simplifies monitoring and visualization of investments and respective key figures (e.g. IRR, TPI, RVPI, DPI)
Automated mechanism to adjust NAV based on cash flows and retroactive reports
Position Specific Investment Valuation with GP-specific pricing
Integration of Document Management system in XENTIS
Intuitive Document Handling with Drag & drop functionality for inserting, viewing and editing documents within XENTIS

More Information:
Alternative Investments in XENTIS
Document Management System in XENTIS

Reporting Diverse standard reports and individual reporting

Comprehensive range of pre-configured reports
Client-specific reportings which fall outside the standard
Standardised production of fact sheets
High-performance processing of large report volumes for mass reporting
Query builder provides users with a flexible, easy-to-use tool to generate ad hoc queries in Excel format
Legal reporting in all market segments
Reaction in shortest time to market to continuous regulatory changes is possible because the structural components of XENTIS allow for respective configuration

More Information:
Development of AIFMD Report in Shortest Time-to-Market
Fund Fact Sheets
Liquid Assets Report
TR notifications in accordance with EMIR in XENTIS

Data structures and integration Flexible expandable data model

Data structures are infinitely flexible and extendable
Linking all modeled data with business rules
Integrated data warehouse with data marts
Audit security, historicisation and granular authorization concept
System-specific user authorisation, multi-client capable
Highly configurable, yet easy to use integration environment, rapid deployment of input/output interfaces
Interfacing with numerous data providers (Bloomberg, SIX Financial Information, Thomson-Reuters), general ledgers (SAP), depositary banks, SWIFT, FIX, trading platforms (EMSX, TSOX, FXGO), EMIR trade repositories (REGIS-TR, DTCC) and many other third party applications

Interfaces/Integration Flexible connection for an efficient networking

Excerpt from our interfaces:

Market – / Security Master data*
- SIX
- Bloomberg
- Reuters
- WM
- ÖWS
- FactSet
- ValPoint
Interfaces Custodian bank
- Baader Bank AG
- BKS Bank AG
- Bank Julius Baer & Co.Ltd
- Bank of New York Mellon / BNY Mellon
- Bank J. Safra Sarasin AG
- Bank Vontobel AG
- Bankhaus Lampe KG
- Banque de Luxembourg SA, Luxembourg
- BNP Paribas
- Banque SYZ SA
- Barclays Bank plc
- Bayrische Landesbank
- Berenberg Bank
- Berner Kantonalbank
- Blackrock Financial Management Inc.
- Brown Brothers Harriman & Co
- Caceis Bank Deutschland Gmbh
- Citibank
- Commerzbank AG
- Compagnie Financière Edmond de Rothschild
- Crédit Agricole CIB
- Credit Suisse AG
- Daiwa Asset Management Europe Ltd
- Danske Bank
- Degussa Bank Gmbh
- Deutsche Apotheker- und Ärztebank
- Deutsche Bank AG
- DGZ Dekabank, Deutsche Kommunalbank
- Euroclear
- Goldman Sachs
- Hamburger Sparkasse AG
- Hauck & Aufhäuser
- HSBC Trinkaus & Burkhardt AG
- J.P. Morgan & CO
- KAS BANK
- Kreissparkasse Köln
- Kreissparkasse Saarpfalz
- Landesbank Baden-Württemberg
- LGT Bank
- Lombard Odier
- M.M. Warburg & Co
- Macquarie Bank Ltd
- MainFirst Bank
- Merck, Finck Und Co
- Merrill Lynch International Bank Ltd
- B. Metzler seel. Sohn & Co. (Kommanditgesellschaft auf Aktien)
- Morgan Stanley International Limited
- Northern Trust London
- Oddo BHF
- Pictet Group
- Raiffeisen Capital Management
- Schroder Investment Management (PLC)
- Skandinavische Privatbank (SEB)
- Sparkasse Fulda
- Sparkasse Harburg-Buxtehude
- State Street
- Unicredit Bank AG
- Hypo Vorarlberg Bank AG
- VR Bank Fulda eG
- Zürcher Kantonalbank
Broker / trading platforms
- Bloomberg EMSX
- Bloomberg EMSXNET
- Bloomberg TSOX
- Bloomberg FXGO
- Hauck & Aufhäuser
- Berner Kantonalbank
- Credit Suisse
- J.P. Morgan
- Baader Bank
- Bank of America Merrill Lynch
- BNP Paribas
- Landesbank Baden-Württemberg
- Barclay’s BARX
- Berenberg Privatbank Berlin
- UBS Deutschland
- Hauck & Aufhäuser
- Morgan Stanley
- Tradeweb
- HSBC
- Steubing AG, Wertpapierhandelsbank
- MarketAxess
Core banking system
- Avaloq
- Olympic (Firma ERI)
- banqpro (core banking)
Real estate system
- Immopac AG
- Streets Crossing TECH