Unit price data
Considered the industry’s most accurate and timely unit pricing service, our unit price data service is designed to fully meet your fund pricing needs. It is used by major global custodians and many leading wrap platforms in Australia.
Key features at a glance:
- Application, redemption and net asset value (NAV) unit prices collected from fund managers;
- Electronically processed data (no double-keying) sourced directly from fund managers’ data files, thereby reducing a significant risk element;
- Quality testing of the price data including tolerance and edit checks;
- Electronic delivery of data files in a standardised format at your pre-agreed delivery time(s).
Data samples are available upon request.
Clearstream Australia offers a range of pricing service options:
Premium pricing service
Key features
- Single source for all your unit pricing needs.
- Service designed to provide full coverage of your agreed fund list.
- Tailored service – timing, fund coverage and optional features that suit customer needs.
- Dedicated pricing team – specialists with extensive experience with established fund manager relationships to enable rapid issue resolution.
- Proactive monitoring and follow-up of fund managers for any delayed price issuance.
- On time delivery of unit prices – intraday files at the times you choose.
- Customised file format available to suit your existing systems and processes.
- Electronic capture of unit prices at source – eliminating the need to rekey data. This significantly reduces operational risk and costly errors with potential reputational and financial consequences.
- Systemised tolerance checks in place to detect unit price anomalies. These prices are then validated and followed up with the fund manager (if necessary) prior to being released to customers.
- Quality Assurance – a diligent network of users with fund data under constant review. Our existing customer base includes major fund managers and all the major Australian custodians who demand the highest quality of fund data. If one of them raises a query, any corrections are published to all of them.
Key benefits
- Release of resources from non-core, inefficient and potentially high-risk activities.
- Reduced costs by taking advantage of Clearstream Australia’s scale.
- The efficiency of a single source for all your funds data.
- High-quality data minimises risk and occurrence of rework.
- Access to the knowledge and experience of a dedicated pricing team.
- Reduction of administrative tasks, such as chasing multiple sources, dealing with multiple formats, and rekeying.
- Shortly after being published the funds data can be delivered to customers to align with their processing needs.
- Resilient service that removes vulnerability in the event of staff turnover or absences.
- Scalable service that allow customers to acquire new fund prices at short notice.
- Rapid, low cost implementation.
Essentials pricing service
Key features
- Prices delivered at the standard time each week.
- Additional funds added on a weekly basis.
- Service desk available via email to answer any queries.
- Application, redemption and net asset value (NAV) unit prices collected from fund managers.
- Single source for unit pricing needs designed to provide 100% coverage of the customer’s agreed fund list.
- Electronically processed directly from fund managers’ data files.
- Validation of price data including tolerance and edit checks.
- Experienced specialists with established fund manager relationships enabling rapid take on of new funds and resolution to any issue.
- Electronic capture of unit prices at source – eliminating the need to rekey data. This significantly reduces operational risk and costly errors with potential reputational and financial consequences.
Key benefits
- High-quality unit pricing data provided at an affordable price point.
- Resilient service tailored to customers’ needs.
- Release of resources from non-core, inefficient and potentially high-risk activities.
- Reduced costs by taking advantage of Clearstream Australia’s scale.
- Coverage of fund data needs from a single source.
- High-quality data minimises risk, occurrence of rework and potential costly errors
- Reduction of administrative tasks, such as chasing multiple sources, dealing with multiple formats, and rekeying.
- Rapid, low cost, implementation.
Data samples are available upon request.
Outstanding price reporting service
This service provides stale price detection and reporting as well as detailed follow-up and reporting on the fund manager response to delayed price issuance.
Key features
- Definitive list of all your required funds which currently have outstanding prices.
- Data on days overdue, status, follow-ups made with the issuer and their response.
- Daily delivery at the time of choice with up to the minute information.
- Rapid, low cost, implementation in roughly 24 hours.
Key benefits
- Mitigate risk through accurate identification and tracking of outstanding prices.
- Enhanced customer service – knowing the current pricing status enables you to better service your clients.
- Reduced costs by taking advantage of Clearstream Australia’s scale.
- Knowledge and experience of our dedicated pricing team.
- Efficiency gains due to reduced administration tasks, such as chasing multiple fund managers.
Data samples are available upon request.
Month end price service
Key features
- Monthly price file containing end of month prices across your fund list.
- Free choice of the day on which the file containing the most up to date data for month end prices is generated.
- Single source for month end pricing needs.
- Service designed to provide full coverage of your agreed fund list.
- Dedicated pricing team – experienced specialists with ongoing fund manager relationships to provide rapid issue resolution.
- Proactive fund manager follow-up of delayed price issuance.
- Customised file format available to suit your systems and processes.
- Electronically captured unit prices alleviating the need to rekey and thereby significantly reducing operational risk and costly errors.
- Systemised tolerance checks are in place to detect unit price anomalies. These prices are then validated prior to being released to customers.
Key benefits
- Accurate and timely month-end prices.
- Enhanced service levels to our customer’s clients.
- Reduced costs by taking advantage of Clearstream Australia’s scale.
- Single source for all fund data needs.
- Minimised risk and enhanced efficiency thanks to high-quality data.
- Know-how and experience of our dedicated pricing team.
- Reduction of administrative tasks, such as chasing multiple sources, dealing with multiple formats, and rekeying.
Data samples are available upon request.
Hard close price service
Key features
- Monthly price file containing hard close prices across your fund list.
- Single source for hard close pricing.
- Service designed to provide full coverage of agreed fund list at the timing and with the features of the customer’s choice.
- Dedicated pricing team – experienced specialists with ongoing fund manager relationships for rapid issue resolution.
- Proactive fund manager follow-up of delayed hard close price issuance.
- File format that can be readily customised to suit your existing systems and processes.
- Electronically captured unit prices – no more rekeying of data and significantly enhanced levels of accuracy.
- Systemised tolerance checks in place to detect unit price anomalies. These prices are then validated prior to being released to you.
Key benefits
- Risk mitigation thanks to accurate identification and tracking of outstanding prices.
- Efficiency gains – liberate resources from chasing multiple fund managers and other time-consuming activities.
- Reduction of costs by taking advantage of Clearstream Australia’s scale.
- Knowledge and experience of our dedicated pricing team.
- Enhanced service levels for our customers’ clients.
- Rapid return on investment.
Data samples are available upon request.