VPS offers within the Fund Services concept an additional set of tools and services to simplify distribution of funds in a cost efficient way. Through VPS’ network Distributors and Fund Managers can achieve full STP and regarding orders and settlement.

 

Online solution for distributors

VPS’ online solution for distributors allows Distributors to register investors and orders directly into the order book in the Transfer Agency System. Information regarding clients, orders and commission may be shared between the parties.

The Distribution client can be used as a stand alone application or integrated in the VPS Investor Services application.

Functionality for order registration includes basic subscription, redemption and switch in both amounts and units, as well as transfers. In addition functionality for saving and redemption plans are offered. All order handling may be integrated with payment services.

 

Online solution for Investors

As a supplementary service VPS offers an online self service solution where investors can place their orders and receive an overview of their own holdings and profits. It also contains contact information and an electronic archive for statements and tax reports.

 

Access to services / ISO 20022

VPS offers access to distribution services through a dedicated web-based application and through a well defined and standardized Business-to-Business interface.

VPS has implemented the international standard for fund messages ISO20022 as the preferred standard for communicating messages. By using these standards combined with the VPS’ knowledge, fund managers can achieve full STP towards distributors. Please see www.iso20022.org for more information.

As an alternative interface VPS offers access to services in the form of Web Services.

Through VPS’ network of financial institutions and financial networks as SWIFT, fund managers and distributors can easily connect and enjoy the benefits of established financial infrastructures.