Fund Classes in CTS Depository Module

22. November 2022

CTS TRADE IT has expanded the CTS Fund Depository module. The module has been in operation in Slovenská spořitelna, a.s., for several years and has now been expanded to include the option of managing funds with several classes. In practice, this means that records of a fund’s assets, asset valuation processes and fund asset controls differentiate between individual fund classes. The result is the calculation and verification of the NAV and PL for each class independently. 

“The new functionality brought greater flexibility when establishing and managing funds, which was welcomed not only by us, as the depository or management company, but in particular by our clients. It enables us to promptly respond to our clients’ current needs and the changing conditions on the market,” said Andrea Ondrušková, from the Custody&Funds Administration at Slovenská spořitelna, of the change made.

“I’m pleased that together with Slovenská spořitelna we could further develop our system and thereby enable the expansion of the services they offer” added Zita Benešová, Account Delivery Manager at CTS TRADE IT a.s.