ClavisRealEstate

Our ClavisRealEstate system was developed to support real estate fund management and to support the BackOffice activity of custodian bank departments controlling real estate funds. The product guarantees a detailed registration of real estates; calculates
the net asset value of the funds and fulfills reportin in an operating Clavis securities fund management system (ClavisAsset) without changing the securities system at all.

Main functions

Registry of real estates

• Registry of the most important real estate data (name, address, lot number, etc.)
• 4-level real estate structuring/sub-structuring possibility 
• Registration of real estate management contracts
• Tracking of the most important contract data, registration of the contract details, e.g.:
• Real estate settlement transactions and settlement of their details

General contracts

• Separating contracts related to the fund but not concerning real estate - similarly to the above mentioned detail levels

Management of costumer and supplier accounts

• Settling incoming and outgoing invoices
• Settling in any currency
• Management of partner demands or obligations
• Matching of the invoices with bank transfers
• Reporting expired debts
• Registry of VAT declaration

Generating outgoing invoices

• The invoices are issued according to the laws
• Automatic generating form Clavis transactions

Credit registration

• Management of various credits (Lombard, mortgage etc.)
• Credit contract data
• Credit collateral assignment to credit
• Credit call and installment
• Credit due payments settlement
• Credit coverage statement

Net Asset Value calculation of portfolios

• Security assets' valuation
• Real estate valuation
• Separating invoices and demand/obligations
• Accruing fees of the portfolio
• Group Net Asset Value calculation

Historical limit checking

• Based on the asset value of the portfolio
• Management of individual and group limits

Settling securities transactions
Import functions
Support of closing processes
Generating obligatory reports
Connection to external systems (import functions)

• Receiving file-based transaction data and other data from systems
• Clavis fund management system synchronization
• Receiving data from FM systems
• Import of account transactions (transfers) from banking systems
• Import of investment note trading from trading systems

Connection to external systems (export functions)

• Posting account clearings to accounting systems

Other functions

Report making

• Transaction certificates from the recorded transactions
• Warning reports (e.g. maturing contracts, unmatched invoices and significant client debts)
• Net Asset Value statements (Net Asset Value details)

Economic calculators

• Internal rate of return, duration, modified duration, convexity calculation
• Yield/rate calculator

Other system specifications

• Multi-leveled entitlement system, management of user and entitlement groups
• Effective enquiry of sub-account balances
• Process-based approach