Products & Services

BNY Mellon Asset Servicing's Accounting System is a trade-date, full-accrual, multicurrency accounting system. Accounting and valuation is performed on a daily cycle. We pride ourselves in providing all the necessary accounting functions required by investment managers including daily fund valuation and participant/unitized accounting.

Features and controls of our product offering include:

• Multicurrency/multi-base general-ledger processing
• Daily online access and timely reporting via the Internet
• Flexible valuation periods supporting daily, weekly, bi-weekly and monthly valuation periods
• Comprehensive accounting for derivative securities
• Multiple vendors for pricing and corporate actions processing as well as the ability to accept any client directed pricing feed
• Interest and dividend reclaim processing
• Four simultaneous currencies per transaction
• Separate currency and investment gain/loss accounting
• Amortization of foreign and domestic securities
• Unique foreign asset-processing capabilities
• Automated plan-level accounting by earnings components
• Client-specific general ledger interfaces available
• Customized private-label statements

BNY Mellon Asset Servicing's monthly valuation capabilities are based on sophisticated proprietary technology and rigorous controls to produce fully audited accounting statements in a timely and accurate manner. Our Accounting System is a true, trade date, full accrual, accounting and reporting system, supporting all types of domestic and international assets including equity, debt, currency, alternative investments, and all derivative securities in either a single or multicurrency mode. Our system is fully integrated with our Custody Management System, which is a processor of security and cash movement.

Our daily valuation process is focused on one goal: ensuring the accurate valuation of every portfolio every day. Daily transactions that are posted to investment options must pass over multiple system edit reviews.

Cost calculation methodology including tax lot cost by FIFO, LIFO, highest cost, lowest cost, and selected lot. For lot accounting, an average lot cost per share is used; as each lot is delivered down to zero shares, the next lot is used.

BNY Mellon Asset Servicing's partnership accounting services include fund administration; participant reporting; daily, weekly or monthly accounting and valuation; private label reporting services; online reporting; federal 1065 filings and K-1 preparations.

BNY Mellon Asset Servicing offers clients sub-fund accounting, a unique service that accounts for and reports on the underlying donations of an endowment/foundation plan. Advantages of our subfund accounting process include rapid turnaround time, detailed reconciling/balancing controls, seamless interface with electronic spreadsheets, disaster recovery, transaction history retention and customized reporting.

BNY Mellon Asset Servicing offers four different types of unitization including fixed unit allocation, fluctuating unit allocation, cost distribution and daily balance method.

Plan accounting is a function of our trade date, full accrual accounting system, and can be performed on either a constant dollar unit or a fluctuating unit value basis. There is no limit on the number of plans.

Our general ledger accounting system allows us to electronically feed information directly into our clients' internal accounting systems through an automated general ledger interface, which is custom designed to match every general ledger category on clients' internal systems.

Our global pricing and valuation platform comprises a real-time, full multicurrency, double-entry accounting system supporting tens of thousands of segregated portfolios and investment funds.

BNY Mellon Asset Servicing provides fund accounting expertise to some of the biggest names from the life & pensions and collective investments industries. We understand the importance that fund providers place on this function and have built a robust and highly controlled proposition to allow our clients to focus their energies on their core activities, safe in the knowledge that BNY Mellon Asset Servicing will get it right for them. We offer a full daily fund accounting and statutory reporting service founded on the principles of quality and operational control. Our global pricing and valuation platform comprises a real-time, full multi-currency, double-entry accounting system supporting all major fund types including OEICs, unit trusts, life & pension funds in addition to multiple US product types.

Fund Accounting Service offering:

Our client-facing service teams are supported by well controlled and technically strong central functions and deliver a first rate service comprising

• Full daily fund accounting & statutory reporting service
• Wide range of product & investment support capabilities:
• Multi-manager support
• Data aggregation solution (for fully delegated fund management strategies)
• Multi-share class functionality
• Flexible valuation periods & pricing points
• Hierarchical fund structures
• Central operations support

BNY Mellon Asset Servicing provides a full service for the preparation of management company accounts and statutory and taxation returns.

Provided by Eagle Investment Systems, Eagle STAR is a Web-based multi-currency global investment accounting system. With an advanced architecture, Eagle STAR is designed to support organizations of all sizes and complexities and has the ability to support the highest transaction volumes demanded from the industry today. Delivered with a standard set of operational and accounting reports, its fully integrated reporting component enables organizations to deliver accurate and timely information.

With Eagle STAR, your organization can support multiple lines of business on one platform, including:

• Investment managers
• Mutual funds
• Brokerages
• Public sector/plan sponsors
• Hedge funds
• Insurance companies