Point Nine: Operations

Operations

Point Nine offers all middle and back office operations that may be needed by our clients. Here are examples of the operation services that we offer:

Confirmation and daily reconciliation with our client.

Confirming and daily reconciling all transaction details with our client.

On an ongoing basis, Point Nine confirms and reconciles all transaction details with our client.
Any differences are corrected by Point Nine.
Point Nine produces a daily reconciliation report for our client with all appropriate trading activity and details, with any breaks clearly identified and explained.

For a seamless process, where appropriate, we develop automatic interfaces that link our operations platform with any relevant systems of our client.

Confirmation and reconciliation with the counterparties.

Confirming and reconciling all transaction details with our client's counterparties.

On an ongoing basis, Point Nine confirms and reconciles all transaction details with our client's counterparty.
Any differences are reported back to our client, and following instructions from our client, Point Nine resolves them with the counterparty.
Point Nine produces a daily reconciliation report for our client with all appropriate trading activity and details, with any breaks clearly identified and explained.

For a seamless process, where appropriate, we develop automatic interfaces that link our operations platform with any relevant systems of our client's counterparties.

Dissemination and daily reconciliation with third party service providers.

Disseminating and optionally daily reconciling all transaction details with our client's third party service providers.

On an ongoing basis, Point Nine disseminates and optionally daily reconciles all transaction details with all appropriate third party service providers, for example:
- prime brokers
- fund administrators
- clearing houses
- matching service providers (e.g., DTCC)
- other service providers
On an ongoing basis, Point Nine receives from our client (or its prime brokers or its other third party data providers) all trade or corporate events related to the transaction, for example:
- fixings
- payments
- deliveries
- option exercises
- novations
- terminations
- cancellations
- credit events
- amendments
Point Nine disseminates all the trade or corporate events to all appropriate third party service providers.

Dissemination of trade or corporate events relies on our client (or its prime brokers or its other third party data providers) granting us access to all appropriate trade or corporate events.

For a seamless process, we have liaised with most prime brokers and a number of fund administrators and other service providers and have developed automatic interfaces that link our respective operation platforms.

Settlements.

Settling all cashflows and asset deliveries related to a transaction.

On a daily basis, Point Nine generates a report with all cashflows and asset deliveries related to transactions of our client that have to be exchanged on the day. Examples of such cashflows and asset deliveries:
- settlement
- interest
- principal
- dividend
- exercise
- novation
- termination
- cancellation
- credit event settlement
- delivery of securities
Point Nine's report takes into account amendments due to trade or corporate events or changes in holiday calendars and includes all appropriate details like counterparty, account details, etc.
On a daily basis, Point Nine settles these cashflows and executes the delivery of assets on behalf of our client.
Point Nine produces a daily settlement report for our client with all appropriate activity and details, with any breaks clearly identified and explained.

For security purposes, Point Nine's operations team does not have the authority to physically execute any cash or asset movements. Point Nine enters the payment or delivery instructions into the appropriate payment or delivery system and produces a daily report for our client with all such instructions. These instructions remain pending in the system until explicitly confirmed by our client.

Transaction life cycle event processing and recording.

Processing and recording on behalf of our client all transaction life cycle events and reporting to our client all such events and each transaction's status.

On an ongoing basis, Point Nine receives from our client (or its prime brokers or its other third party data providers) all transaction life cycle events, for example:
- documentation exchange
- confirmation signature
- fixings
- option exercises
- novations
- terminations
- cancellations
- credit events
- amendments
Point Nine processes on behalf of our client all the transaction life cycle events.
Point Nine stores all the transaction life cycle events in a structured way in the secured database of our operations platform. This becomes our client's books and records.
Point Nine reports all the life cycle events and each transaction's status to our client.

The transaction life cycle event processing and recording service relies on our client (or its prime brokers or its other third party data providers) granting us access to all appropriate trade or corporate events.

Market data management.

Setting up into our operations platform all market data that are required for operations, processing, reporting, valuing and risk measuring of transactions.

On an ongoing basis, Point Nine receives from our client (or its prime brokers or its other third party market data or independent valuation providers) the market data that are required for operations, processing, reporting, valuing and risk measuring of transactions, for example:
- bond prices
- bond implied volatilities
- interest rate curves
- interest rate implied volatility curves
- interest rate correlation curves
- loan prices
- credit default swap (CDS) curves
- loan credit default swap (CDS) curves
- index curves
- index tranche prices/base correlations
- credit default swap (CDS) implied volatility curves
- foreign exchange (FX) rates
- foreign exchange (FX) implied volatilities
- stock prices
- stock implied volatilities
- stock correlations
- commodity prices
- commodity implied volatilities
Point Nine sets up the market data into our operations platform.

The market data management service relies on our client (or its prime brokers or its other third party market data or independent valuation providers) granting us access to the appropriate market data.

For a seamless process, we receive the market data automatically by developing interfaces that link our operations platform with any relevant systems of our client's (or its prime brokers or its other third party market data or independent valuation providers).

Static data management.

Setting up into our operations platform all static data that are required for operations, processing and reporting of transactions.

On an ongoing basis, Point Nine receives from our client (or its prime brokers or its other third party static data providers) the static data that are required for operations, processing and reporting of transactions, for example:
- asset details (e.g., bonds, futures, loans, indices, currencies, stocks, commodities, etc.)
- reference entity details
- counterparty details
- holiday calendars
Point Nine sets up the static data into our operations platform.

The static data management service relies on our client (or its prime brokers or its other third party static data providers) granting us access to the appropriate static data.

For a seamless process, we receive the static data automatically by developing interfaces that link our operations platform with any relevant systems of our client's (or its prime brokers or its other third party static data providers).

Collateral management.

Managing all collateral moves between our client and our client's counterparties in Over-The-Counter (OTC) transactions.

On a daily basis, Point Nine receives from our client (or its prime brokers) the valuation (present value) of each OTC transaction.
On a daily basis, Point Nine receives from our client's counterparties the valuation (present value) of each OTC transaction between them and our client.
Point Nine reconciles the valuations and alerts our client where the valuation difference has exceeded certain thresholds (these thresholds are pre-agreed with our client). Point Nine receives final valuation instructions from our client.
Where there are netting agreements in place between our client and the counterparty, Point Nine nets all the collateral calls across many transaction with the same counterparty.
Point Nine manages the movement of collateral (cash or eligible securities) on behalf of our client.
Point Nine produces a daily collateral management report for our client with all appropriate collateral activity and details.

The collateral management service relies on our client (or its prime brokers) and our client's counterparties granting us access to the valuation (present value) of each of their OTC transactions.

For a seamless process, we receive the valuations of transactions automatically by developing interfaces that link our operations platform with any relevant systems of our client's (or its prime brokers) and its counterparties.

The collateral management service also relies on our client (or its prime brokers) granting us access to any ISDA Master and CSA netting agreements between our client and its counterparties.

Handling and recording all communication with third parties.

Handling and recording on behalf of our client all communication and queries arising from any third party.

On an ongoing basis, Point Nine handles on behalf of our client all communication and queries arising from any third party, for example:
- trade event related queries from counterparties or prime brokers (e.g., fixings, etc.)
- help our client's fund administrator on a reverse inquiry basis to reconcile the details and event status of all live transactions within our client's portfolio.
- help our client's fund administrator on a reverse inquiry basis with detailed explanations during internal audits.
Point Nine keeps a log of all communication.
Point Nine resolves all issues on behalf of our client.
Point Nine alerts our client where there are unresolved issues or breaks.

Main Services

Sample Reports

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