Intermediary Management
Intermediary Management
Built for hedge fund managers in Cayman Islands, London and US, IMS is a tool that intermediaries that introduce customers to the funds.
Hedge funds have agents, intermediaries, who get customers and investments for these funds. Typically a fee is paid to these agents based on various parameters which include
- Amount invested
- Time period of investment
- One time fee / recurring
The funds pay this fee to the intermediaries based on pre agreed time period.
The software computes this fee and generates an excel file for every intermediary and selected time period. Software also generates a payment upload file for payment gateway of UBS, and all the payments are made to the intermediaries.
Software also updates various software databases by using API calls to their backends. This ensures that the payment information of UBS is updated instantly in receiving end also.
Technical details: Software was build on .NET 3.5 with database storage on SQL Server 2008 R2.
