Public equity is late. Theres another story. A lot of technical details are unknown

category:Finance
 Public equity is late. Theres another story. A lot of technical details are unknown


In fact, the public funds middle and back office operators have been working overtime in this special period!

Whats going on?

This week, Huaxia Fund client pop-up prompt: due to the delay in the release of fund net value, the update of asset and income data may be delayed, without affecting the actual transaction. If the update is delayed, please wait patiently, thank you!

The above-mentioned situation is not a case. There are similar situations in many public funds, involving more complicated technical details.

It is reported that operators need to unify a large number of changes to system parameters and develop new system functions, involving the accounting treatment, position management, clearing and settlement time of on-site and off-site funds, as well as the investors redemption, account opening application confirmation date and transfer date.

This creates a lot of workload for fund operation, such as: the number of products to be processed on February 3 not only includes more than 6000 public funds and other asset management products with T-day valuation, etc., and the release of the net value of the above products needs to be checked by the manager and the custodian.

Due to the fact that during the epidemic prevention and control period, the organization personnel cannot work in a centralized manner, and these work involves a lot of manual adjustment, and the on-site duty personnel are seriously insufficient, which increases the cost of communication and coordination.

Another report pointed out that the extreme market conditions on the first day of the opening of the market this week caused the pressure of redemption, combined with the lack of manpower and other multiple factors, also brought pressure to the net worth accounting of public institutions.

Under this special epidemic situation, how long does it take for the middle and back office operators to complete the net worth update on that day?

The official of the fund industry association pointed out that the operation value of the fund was outstanding, and the operation after the anti epidemic examination needed urgent technological change.

The operation of public funds is not simple

Jimin only needs to click a few buttons to purchase the fund and redeem the fund, but the operation of a fund needs a long process.

The operation of a public offering product must go through product design, fund raising, investment management, income distribution and liquidation exit.

Everyone holds a public fund, behind which is not only the natural and unrestrained trading of fund managers, but also a large number of middle and back office personnel.

For example, the net worth figures you see every day need to be checked by public offering operators and custodians before they can be officially released, involving many technical links.

After the investor applies for the fund, the fund shall enter the clearing account of the public offering manager through the channel account, and then enter the account of the corresponding fund product. Each step of fund transfer involves the processing and confirmation of the transaction data. After the fund manager decides to place an order for each investment, the operation Department of the fund shall handle the fund transfer of the fund account and the valuation accounting of the daily products. The above-mentioned process involves fund transfer, fund clearing, valuation accounting and various information disclosure in the process of account opening, redemption and conversion. For example, the share registration after the investors subscription also involves a lot of technical details. In the article a journey to the operation of a public fund, executives of Harvest Fund pointed out that the seemingly simple registration work is actually more difficult, because it is necessary to divide transactions for tens of millions of investors, clearly and carefully record the source of each share, registration date, redeemable date, red way, etc. Source: zishitang, editor in charge: Ren Hui, nbj9607

After the investor applies for the fund, the fund shall enter the clearing account of the public offering manager through the channel account, and then enter the account of the corresponding fund product. Each step of fund transfer involves the processing and confirmation of the transaction data.

After the fund manager decides to place an order for each investment, the operation Department of the fund shall handle the fund transfer of the fund account and the valuation accounting of the daily products.

The above-mentioned process involves fund transfer, fund clearing, valuation accounting and various information disclosure in the process of account opening, redemption and conversion.

For example, the share registration after the investors subscription also involves a lot of technical details. In the article a journey to the operation of a public fund, executives of Harvest Fund pointed out that the seemingly simple registration work is actually more difficult, because it is necessary to divide transactions for tens of millions of investors, clearly and carefully record the source of each share, registration date, redeemable date, red way, etc.