Société Générale Securities Services has launched Fund Alerts, a real-time liability fund management and liquidity risk prevention solution for asset managers. The service provides an instantaneous view of fund liability movements via various customised alerts across the following times:
- In real-time on subscription orders or redemptions received
- At closure of the fund on the inflow/outflow balance
- At closure if the regulatory materiality threshold defined in the prospectus is crossed
Based on APIs, the solution will be accessible via SG Markets, the online services platform for global banking & investor solutions clients. Each client will be able to define the alert-triggering thresholds on value or percentage of the net asset they wish to receive. The client can be notified on their SG Markets profile, via smartphone and/or by email.
Fund Alerts is now available for French and Luxembourg funds managed in France. Deployment will take place during the course of 2021 for funds managed internationally, and from the beginning of January 2021 for those managed in Luxembourg.