Commerz Real: DIAMOS launches new product for closed-end funds

[Also in 2009 DIAMOS is pursuing its activities of continuously enhancing its future-oriented product portfolio and will be launching DIAMOS-GF as a new and efficient share and shareholder registry management solution for closed-end funds. The pilot customer for this development project is Commerz Real AG, a leading provider of innovative funds and fund concepts. The Commerz Real group already uses the transfer agency solution DIAMOS-D to manage open-ended real-estate funds. With DIAMOS-GF, DIAMOS will be covering a further domain within the fund industry while proving a solution which is capable of handling closed-end funds. Commerz Real will be using the system to manage the brand CFB-funds. Commerz Real also benefits from DIAMOS´ data processing center services, which enable the convenient outsourcing of system operations.

DIAMOS-GF´s comprehensive functional spectrum covers all operations surrounding share and shareholder management for closed-end funds and fund concepts throughout entire fund life cycles. From an innovative fund launch, the administration of investor static data and share information to the handling of periodical distributions, reports and shareholder meetings and liquidation at the end of a fund´s maturity - DIAMOS-GF is the modern tool for efficient handling of various administrational tasks. Highly automated payment transactions, including the administration of unsettled transactions, reminders as well as sharehholder capital account management replace complex, manual tasks and allow users to concentrate on core competences. And comprehensive service functionalities provide support for secondary market transactions.

DIAMOS´ professional tax team provides the fiscal statement of operations required for closed-end funds and the team was recently able to demonstrate its expertise through the seamless implementation of the "Abgeltungssteuer" for systems in the open fund segment.

In addition to real-estate funds, DIAMOS-GF also manages shares and shareholders of other investment types such as ships, aircrafts and energy concepts. The system architecture enables flexible reactions to sales requirements and supports even complex fund concepts such as fund of funds and tax optimized loan products.

Based on proven DIAMOS solutions, DIAMOS-GF automatically includes comprehensive commission management functionalities. As is the case with all DIAMOS products, DIAMOS-GF provides extensive coverage of complex distribution structures and partner agreements. Further process optimizations are achieved through convenient options for automated workflow management through the DIAMOS-VVW module.

In order to realize Straight-Through-Processing (STP), automated function executions, which are organized through the back-end console of DIAMOS´ system platform, are required. Auditing requirements are equally covered through the DIAMOS system platform concept which provides maximum transparency throughout all processes.

Uwe-Michael Hennemann, Executive Director Investor Services at Commerz Real sees the key benefits of the DIAMOS-GF solution in particular in the synergy effects gained through the single processing logic across DIAMOS-D and DIAMOS-GF as well as essentially facilitated data management: "With the new solution we can use the same data structure for open-ended real-estate funds as well as for the shareholder management of closed-end funds. Through respective interfacing we expect to achieve considerable improvements in efficiency and additional improvements within the service domain."

Alexander Möller, Board member at DIAMOS gives a brief outlook on the upcoming product launch:" DIAMOS-GF will be available as of the end of 2009 and can of course also be combined with customizable data processing center services."