Financial Markets globally have seen exponential growth in the last two decades. Globalization, liberalization and privatization have led to unprecedented growth in the securities industry. The industry continues to be extremely dynamic owing to reform measures, new product developments and latest financial innovations.

Increasing activity in the securities industry has accentuated the need for cutting-edge next generation technologies across the life cycle of the securities industry. The custodian services segment, which has over $100 trillion in Assets under Management, is no exception. Custody services, provided by major banks and specialist providers, help process cross-border securities trades, keeping financial assets safe and servicing the associated portfolios. Custodians hold a range of assets include equities, government bonds, corporate bonds, other debt instruments, mutual fund investments, warrants and derivatives on behalf of their customers. Institutional investors, money managers and broker/dealers are among those who rely on custodians for the efficient handling of their worldwide securities portfolios.

The custodians need to ensure efficient clearing and safekeeping services beyond national borders while focusing on cost-reduction across back-office operations to stay ahead of the competition. Their reliance on superior technology solutions and services has been more now than ever before.

While creating a comprehensive solution of the highest standards to meet the financial industry’s demand, Milessoft has taken into account multiple and diversified requirements of clients and accordingly integrated modules into its flagship product MoneyWare^TM Integra. MoneyWare^TM Custody provides solutions to cover Securities Trading, Lending, Other Custodial services and the entire Clearing and Settlement life cycle.

System Overview
MoneyWare^TM Custody module is a comprehensive straight through processing system proven to handle large volumes of transactions. It manages and caters to the needs of individual and corporate customer accounts seamlessly. The system’s Open architecture enables seamless integration with external systems to effectively process trades, orders and corporate actions related activities and it interfaces with GL and messaging systems, Stock Exchanges, Clearing Houses, Depositories, Brokers and Information Vendors.

Functional Highlights of MoneyWare^TM Custody



MoneyWare^TM Custody system facilitates transaction management, revenue management and reporting and ensures:

• Trade Processing
• Trade Confirmations
• Settlements
• Client Billing
• Corporate Actions
• Reporting and Inquiries
• Parameterization and Maintenance

MoneyWare^TM Custody module provides versatile multi-depository, multi-instrument support and can function handle multiple currencies. The technical features that make our custodian system amongst the best in the industry are:

• Open architecture allows easy building of interfaces to different systems
• User -friendly front-end interface that is customizable
• Configurable Search Engine for every entity in the system
• Generic File Upload for processing feed files with different formats
• Parameterized audit trail for every maintainable unit
• User access rights based dynamic menu generation
• System Parameters Configuration
• High scalability at very low marginal cost
• EOD Processing Control system
• Extensive security features for tighter monitoring and control