Stuart Feffer by Beverly Chandler, Opalesque London:
In an interview with Opalesque, Stuart Feffer, co-head of Wells Fargo Global Fund Services explained that the new Real STP offering from Wells Fargo is a straight through processing front end system which gives clients real time, intra-day operational visibility into trades, settlements, cash and collateral management activity for clients who use their middle office/operational services. "We have an extensive middle office/operational services offering that covers a wide range of asset classes in real time" Feffer said. The new system also includes an enhanced investor portal for all clients, allowing investors in funds serviced by Wells Fargo to have improved online access to their information.
Additional releases, scheduled throughout the remainder of the year, will add an enhanced accounting dashboard, with real-time accounting information updates, additional collateral management data, enhanced cash flow forecasting, operational trend analysis, reconciliations, and month-end status. Clients already have access to real-time workflow for their OTC derivatives processing and this will be further integrated in an upcoming release.
"Trade capture through profit/loss is the easy part," said Feffer, co-Head of Wells Fargoís Global Fund Services group. "RealSTP provides our clients with true straight-through-......................
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