One-stop Solution for AIFMD Depositary

New AIFM Directive sets high requirements on depositary banks

The new AIFM Directive has made significant changes in the regulatory environment of the alternative fund industry. The role of the depositary has not been changed substantially, but the risks to be monitored by the depositary and potential liability have increased significantly. Core responsibilities of an AIFM Directive Depositary include

  • Safekeeping of investor assets,
  • Cash flow monitoring,
  • Overseeing compliance with AIFMD and fund specific rules.

Depowise was specially built to support Depositaries in fulfilling those duties. Read more about how Depowise AIFMD compliance and oversight reporting software helps you navigate AIFMD regulations.

Main Depowise features for AIFMD depositary banks

Significant Cash-Flow Monitoring Module for UCITS V and AIFMD Depositary Banks

Significant Cash-Flow Monitoring

Significant cash-flow monitoring module allows the user to specify fund-based significant cash-flow limits that are checked for daily cash transactions. Depowise AIFMD compliance and oversight reporting software will notify the user on the dashboard when a cash-transaction is above the specified limit or has failed for counterparty risk.

Common reasons for cash transactions can be predefined and used to close transactions that do not require any further investigation. This will increase the time you can spend on your other tasks.

 

Workflow engine

A built-in workflow engine supports building dynamic processes and configuring every action on the way. The steps include collecting documents, reviewing transactions, performing manual activities and many others. Every action taken in the workflow will leave behind evidence in the audit trail.

Fully Configurable Workflow Engine for Funds and Depositary Banks
AIFMD Fund Asset Tree

Asset Register

Safekeeping fund assets under AIFM Directive is complicated and includes high risk if you don’t have a register for investment records, asset, and liabilities. The “look-through” measures introduced with AIMFD require depositary banks to maintain information of assets owned by the SPVs and CISs.

Investors Register

Knowing the list of investors committed to the Fund is crucial for AIFMD depositary oversight responsibilities. Depowise investors register keeps track of the owners of the Fund, their commitments and drawn funds. Upload initial investors register using Excel or add investors manually with their bank account information. Building Fund specific workflows with different checks and decision points for capital call and distribution together with a reconciliation of cash transactions will save You time in operation and provide You secure audit log for compliance.

Investors Register for AIFMD Depositary Banks
Fund Daily Dashboard for UCITS V and AIFMD Depositary Banks

Fund Daily Dashboard

The Fund Daily Dashboard brings all necessary data into one view allowing the users to focus only on the most urgent and important matters. Depending on the role of the user, the dashboard provides the status of a single fund or an overall total funds view.

Central data-HUB and ETL Layer

The Central Data HUB and the ETL layer are the technical core of Depowise. The ETL layer exchanges data with external counterparties, uploads data into the staging tier of the data-HUB and transforms the data into a common standardized structure (i.e. data-HUB production tier).

Only validated data is provisioned into the production tier of the data-HUB to be used in other modules. The staging tier is a base for initial technical and business validation of data and provides a full log of data exchanged between the data source and the Depositary.

AIFMD Compliance Software Trusted by Professionals

Integrations and functionality offered by Depowise have helped us to take the quality of the oversight process to the next level. As Depowise automates data capture and data processing as well as basic controls it enables the control function to focus on areas that actually require attention making the whole oversight process quicker, more efficient and more relevant for us as depositary and also for the client that we supervise.

Undisclosed

Undisclosed

Head of Depositary Oversight at Major Scandinavian Bank

East Capital is a multi-national financial asset management company with ever increasing demands on availability of accurate financial data and business intelligence, as such we greatly value the knowledge and long-standing commitment to quality that the people of Depowise bring to their clients.

Lars Sönnerlid

Lars Sönnerlid

Chief Information Officer at East Capital

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