Our Unit Trust/Mutual Funds Solution, known as Xy-Unit Trust System ("Xy-UTS") , is an application software which comprises modules which assist unit trust/mutual fund managers and companies in administering and managing the operation of their unit trust/mutual fund products and services. It comes with comprehensive functionalities to address the operational requirements of an integrated unit registration system.

XyLog has combined innovative excellence in unit trust application development, with the delivery of software operating in the latest computing environments. XyLog has reduced the technology risk as the solution scale from PC networks to UNIX platforms, whilst delivering the same business function.

How XyLog can assist you
If you are looking for a unit trust/mutual funds application system which handles the day-to-day operations and specific requirements of your unit trust/mutual funds operations, please call us for a preliminary study of your needs. We will tailor the solution to meet your requirements as we have the capabilities to provide software customisation support services. We undertake to provide you ongoing systems maintenance and support when you sign a Maintenance Agreement with us and being focused as we are in the unit trust/mutual funds industry, we are in the best position, through our R&D efforts, to supply you with new and improved related software modules and functionalities to enable you to keep pace with the rapid development in the industry.

Technology Platform
The solution is developed based on a client-server technology platform designed to provide users with a flexible, scalable, easy to use and intuitive system.

Functions
The main functions provided by the solution include :-

* Unitholders Account Maintenance and Management
This module comes with a full suite of functionalities to manage an investor's account. Apart from basic features such as sales, redemption, transfer, switching, reversal, certificate management, this module also has some unique features such as savings plan, collaterisation/uncollaterisation and promotional scheme.



* Transaction Processing
The Xy-UTS provides transaction capturing functions to automate the various business processes undertaken in the Unit Trust operation including sales redemption, reversal, transfer, scrip split/merge, replacement and collaterisation. Some of the key product features include switching between funds, insurance management and cooling off period processing.



* Income Distribution - Dividend & Bonus Units
The Xy-UTS provides the functionalities to undertake the distribution of dividend or bonus units to all unitholders registered with the fund upon distribution date. The processing of entitlement is computed based on the number of investment units held which includes the cum-dividend and user- defined rates. The Xy-UTS would also generate the necessary tax warrants and statements to the unitholders informing them on the income distribution. The solution also provides a bank reconciliation module to automate the bank reconciliation of dividend warrants.

* Calculation of Unit Price, Fees and Expenses.
The Xy-UTS computes the unit price for each fund of the unit trust/mutual fund company on a daily basis on each business day. The Net Asset Value (NAV) can be computed daily utilising the Xy-UTS unit pricing feature and the Xy-Portfolio Management System (Xy-PMS) for the valuation of investment assets. The Xy-UTS would compute the proposed issue and redemption price based on agreed management practice.

* Data Query and Analysis
The Xy-UTS gives users a complete and fully integrated business intelligence solution. It provides a complete solution that moves users through query, graphical analysis and reporting facility using intuitive users interface.

* Securities Commission (SC) and Management Reporting
The Xy-UTS provides extensive ad-hoc and periodic, management as well as statutory/regulatory reports. Our approach to reporting combines both pre-programmed as well as user-defined reports. With over 100 pre-programmed reports supplied with the software, users can obtain various holding or ledger reports, transaction reports, management reports, statistical reports, performance as well as exception reports. These reports can be viewed on the screen, allowing a quick look before printing or instead of printing. Reports can be printed "as at" any nominated date.

* Interface to Accounting System
The Xy-UTS allows the setting up of journal interface for exporting of transaction journals to user's accounting system.

* Fund Maintenance
The Xy-UTS fund set-up allows the users to establish multiple funds as individual fund or an umbrella trust fund. It allows maintenance of fund settings including pricing policy (forward or historic), transaction limits, accouting period, various fund related fees including manager's fees, trustee fees, entry or exit fees.

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