T-STAR/RX offers the functions of portfolio/stock attribution management; acquisition of market values/stock attribution from NRI data centers; execution registration; calculation of balances, book values and profit/loss; valuation of market values; accrued income recording; and creation of external/internal reports.
It also has the data-link function with external systems such as T-STAR/GX, NAV calculation for pension funds liking with T-STAR/TX, collation with trust banks liking with SYNTAX, and valuation and calculation using multiple market values and exchange rates.
Asset management firms, trust banks, life insurance companies
1. Supporting non-mutual fund back-office operations (mainly investment advisory operations)
T-STAR/RX offers the functions of performance management for individual portfolios, formatted report creation, etc.
* Clients can use T-STAR/RX for the account management of foreign currency-denominated funds.
2. Meeting system risk management requirements
According to financial inspection manuals, financial instruments business operators are required to receive regulatory inspections and supervision under the system risk management scheme which they should comply with. Therefore, the need to establish system infrastructure and operational framework that can prevent system failures, minimize the impact of failures, and conduct swift recovery of operations in case of accidents and disasters is more compelling than ever. NRI provides the service using a reliable server system composed of main servers and backup servers, as well as Osaka DR servers in case of widespread disasters.
3. Responding to new regulations, sponsor requests, and diversifying operation schemes
T-STAR/RX provides solutions and infrastructures reflecting new regulations, fund sponsors’ requests, and other possible changes.
- GIPS 2010 (application of a daily valuation method for all portfolios (requirements of creating daily balance reports and daily balance collation with trust banks))
- Increasing investment in privately placed mutual funds by pension funds (NAV calculation for pension funds and linking to the NAV data of T-STAR/TX)
4. Solutions to enhance operational efficiency
T-STAR/RX provides system infrastructures that can reduce clients’ burden and operation costs.
- Shared functions with other mutual-fund solutions
- Better compatibility with SYNTAX
- Better coordination with front-office systems
T-STAR/RX is a shared ‘application service provider (ASP)’ service offered through application servers at NRI’s data centers using the same infrastructure of T-STAR/TX (a NAV calculation solution).
T-STAR/RX offers the service menu comprising of basic functions and optional functions. Clients can select functions according to their needs and purposes.
Basic functions (example)
- Portfolio attribution management
- Market data management
- Transaction management by stock
- Valuation calculation management by stock
- Investment performance management
- Trust bank collation management
- Security management
- Schedule management
- Code management
Optional functions (example)
- Products under the management service
Domestic stocks, margin transactions, short positions, borrowing/lending stocks
Domestic bonds (including inflation indexed bonds and mortgage bonds), repurchase agreements, repos, lending bonds
Foreign stocks, short positions
Foreign bonds (including inflation indexed bonds and mortgage bonds), TBA transactions
Short-term products, fund products, foreign exchange forwards, futures, options and other products
- Database services
Market values of foreign stocks and bonds (SIX Financial Information), domestic stocks’ estimated (actual) dividends per share, capital flows for domestic stocks, theoretical prices of domestic bonds
- Reflection of SYNTAX matching results
- Linking to mutual fund NAV data of T-STAR/TX
- Management of multiple market values
- Use of a backup center (Osaka data center)
- Calculation of mutual fund NAVs for privately placed pension funds
- Mutual fund collation in compliance with GIPS 2010
- Balance determination using a daily valuation method in compliance with GIPS 2010