European Fund Administration S.A., one of the largest third-party fund service providers in Luxembourg, has been relying on GAIN for the integration of SIX Telekurs data since 2002. Driven by the need to increase the level of STP with the target system Global Portfolio (GP3) as well as the necessity to integrate further data from Bloomberg, Wertpapiermitteilungen and rating providers, EFA decided to implement a central security master file with extended mapping and validation facilities based on the GAIN Golden Copy framework.

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• GAIN as golden copy
• Integration of data from SIX Telekurs, Wertpapiermitteilungen, Bloomberg and ratings
• Improved mutation management
• Reduced integration effort
• Fully tested GAIN | GP3 interface

• Streamlined opening of instruments
• Mutation management
• Automatic integration of data into GP3

European Fund Administration (EFA) is one of the primary providers of back and middle office outsourcing solutions for investment companies and banks in Luxembourg. Since 2002 EFA has been using GAIN for the automation and integration of SIX Telekurs data into its IT environment. A growth in volumes and the need to integrate data from additional sources like Wertpapiermitteilungen, Bloomberg and ratings made it necessary for EFA to take in a central data management platform with extended mapping and validation facilities.

Best of breed solution meets client's demands
The decision to upgrade the existing solution to the GAIN Golden Copy platform was taken for three main reasons:

GAIN Golden Copy can manage mutations delivered by data vendors automatically. It could thus replace the existing manual workflow employed by EFA where mutations were populated manually from corporate action reports.

Demand for comprehensive standard GAIN | GP3 interface:
Relying on GP3 by SunGard for fund accounting, EFA needed a comprehensive interface to this application. GAIN’s fully tested standard adaptor provides more than 200 static data fields for SIX Telekurs and Bloomberg data. Further data sources can be added any time.

European Fund Administration chose GAIN Golden Copy to manage instrument openings, daily mutations, the validation of prices according to defined rules and the distribution of the data to GP3. Following an overall data integration plan that considers constant extensions of the data management rules during the next few years, EFA decided to implement GAIN Golden Copy to reduce the initial project effort by a modular approach. That means that EFA can unlock further functionalities of GAIN whenever the need arises.

• Request | Download of provider data
• Data Conversion | Metadata management | Archiving
• Mutation Management | Data Mapping |Data Reformatting
• Exception Management | Validation | Workflow Management | Task Scheduling
• Export into GP3

European Fund Administration relies on GP3 to process financial information and thus required a fully tested interface for the integration of static data from SIX Telekurs and Bloomberg. AIM Software’s extensive GAIN | GP3 adaptor manages over 200 static data fields and facilitates the incorporation of financial data into GP3. If EFA decides to take in further sources in the future, the interface can be extended easily to accommodate growing demands.

Since its inception in 1996, European Fund Administration S.A. has led the market in the provision of outsourcing solutions for investment companies and banks dealing with investment funds, pension funds, unit-linked insurance products and institutional portfolios.