OpenAIR Investments
Multi Currency Investment Monitoring System

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OpenAIR Investments is a fully multi-currency investment monitoring system. It is aimed at several different types of users in the market place: multi-manager externally managed schemes; self-managed schemes; and third party administrators.

OpenAIR the name stems from the core objective of furnishing an open system for Accounts, Investment and Reconciliation, has two modules, an Accounts module and an Investment module.

OpenAIR Investments is a fully multi-currency investment monitoring system. It is aimed at several different types of users in the market place: multi-manager externally managed schemes; self-managed schemes; and third party administrators.

OpenAIR Investments is a module of OpenAIR, developed to interface with OpenAIR Accounts, but can stand-alone. It has automated links to download trades and income from fund managers and custodians, and a direct feed from FT Information for dividend announcements, market prices and exchange rates. OpenAIR is fully compliant with Open Database Connectivity (ODBC) relational database and standard report writer.

Business benefits

  • Independent check and verification on custodians and fund managers (income, realised and unrealised profit & loss, currency accruals, market value).
  • Multi-scheme reporting.
  • Full audit trail (lower audit costs).
  • Facilitates flexible and rapid enquiry.
  • Produces regular investment figures.
  • SORP Compliant.
  • Capital and electronic income interfaces with fund managers and custodians.
  • Report and analysis in multi-currency of actual and expected cash balances.
  • Ensures external institutions meet agreed mandates.

Fund Manager Interfaces (FMI)

  • Automatic updates via disk or modem/email.
  • Validates transactions and creates new securities automatically.
  • Over 10 participating institutions e.g. Northern Trust, JP Morgan, Schroders etc.

Reporting process

  • Cash forecasting.
  • Integration into accounts module for year-end accounts and SORP notes.
  • Dividend, foreign exchange and tax recoverable monitoring.
  • Asset break down by market sector (portfolio specific).
  • Multiple pricing sources (portfolio specific).

Customer service

  • Remote database administration.
  • On-site implementation and training.
  • Application software support.
  • Full-time helpdesk support (8.30am-5.30pm).
  • Software upgrades.
  • In-house professional advice from qualified pension accountants.

Want to learn more, or have any questions?
Email info@euraplan.co.uk

“The fund decided to implement OpenAIR Investments so as to have greater visibility over its assets under management outside the normal Fund Manager and Custodian reports. The fund also implemented OpenAIR Accounts which takes its feeds from OpenAIR Investments and it was decided that both would be necessary in order to achieve greater control over the financial aspects of the fund.”

Patrick Kirby,
Accountant
Eircom plc