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Your Questions
GFAS ® is a global transfer agency platform that supports both retail and institutional administration requirements for investment managers, third party administrators and fund supermarket platforms. It is a multi-currency, multi-product platform that is used by a number of leading financial services companies across the UK, Europe and the Far East.
GFAS has the ability to support numerous asset and product types including, OEICs, Unit Trusts, Currency Funds, SICAVs, UCITS, FCPs, Investment Trusts, Offshore Funds and UK ISAs and PEPs.
GFAS currently services in excess of 4 million account fund holdings, 100 fund groups, 6750 funds and over US$ 650 billion in funds under administration* (* as at 31/01/2008).
GFAS is currently used by a range of customers to support their businesses in the United Kingdom, Germany, France, Spain, Italy, Dublin, Luxembourg, Ireland, India, Japan, Hong Kong, Bermuda, Taiwan, Singapore, Dubai and Australia.
Investment managers, third party administrators and fund supermarket platforms who have transfer agency requirements for retail and institutional customer bases. Today, MFT's GFAS platform is used by some of the largest and most successful mutual fund providers in over 15 countries around the world.
MFT’s managed service is widely used and can be scaled to meet varied requirements. Specifically, each instance of our product is scaled to meet the precise needs of every customer. This is based on the size of their register, their business volume throughput and their future growth plans.
MFT performs proactive capacity management with all new and existing customers. This programme includes measures such as percentage of CPU and disc utilised, support resources required, software and vendor support needs, and will assist in assessing future processing capacity requirements and costs.
MFT’s software is priced on a three tier basis:
- Licence fee
- Annual maintenance fee
- Managed service fee
The amount of fees will vary, customer by customer, and driven by three factors:
- The software modules used
- The location(s) where the software is to be used
- The size and volume of the client’s business
GFAS is deployed on a managed service basis, in which MFT provides 24 hour data centre facilities and all hardware, software and overnight operations requirements, with the customer responsible for the day-to-day front and back-office administration on GFAS.
The scope of services provided includes service delivery, scheduling, capacity planning and business contingency, information security, change and problem management tracking and help desk.
GFAS is based on a powerful core-processing engine (GFAS ® Core) which is used to manage all the day-to-day back-office administration events. This module forms the basis of the platform.
However, customers can purchase a number of additional modules to integrate with GFAS Core. There are a number of additional modules which cover the complete spectrum of services that may be required to support a transfer agency platform's infrastructure.
- GFAS ® Call Centre - a functionally rich front-office module
- GFAS ® Workflow - a scanning, routing and integrated workflow module
- GFAS ® Message Exchange - a straight through processing messaging module
- GFAS ® Foreign Exchange - a foreign exchange, netting and bulking module