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Commission Allocation and Reporting / RECAP
A Comprehensive System for Managing Commissions and Payments
RECAP (Research Cost and Analysis Platform) consolidates reporting across all commissions including commission sharing arrangements (CSA)/client commission arrangements (CCA), soft dollar, proprietary and commission recapture business, and its multi-asset class capability produces relationship-level reporting to help investment managers manage beyond equities.
RECAP helps investment managers:
- Address evolving regulatory and business management demands by intelligently allocating and reporting brokerage commissions from any relationship around the globe
- Manage difficult complexities in the world of unbundled commission management with consolidated information and robust tools
- Strengthen broker and third-party relationships
- Create and maintain budget reports by service provider, broker, portfolio and style
Key Features
- A suite of reports for all commission types
- Daily monitoring actual commissions vs. targets
- Comprehensive trade data warehouse maintains full historical details of every deal
- Sophisticated rules engine for calculating research/execution commission splits
- Reporting in base or local currency or each portfolio’s reporting currency
- Robust, customizable reporting including the UK’s IMA Level II
- Interface with Order Management Systems or Portfolio Accounting Systems
- Integrated with CSA/CCA administration and management
RECAP Screenshot
