Fund Administration Services

Malta as your Financial Services Destination, HSBC Securities Services (Malta) Ltd. as your Fund Administrator

HSBC Securities Services (Malta) Ltd was incorporated in 2002 and it provides a full range of fund administration services including fund valuation and unit pricing, transfer agency, statutory reporting and corporate secreterial services. It currently acts as a fund administrator to various collective investment schemes.

HSBC Securities Services (Malta) Ltd forms part of the HSBC  Group, which is one of the largest banking and financial organisations in the world, with well-established businesses in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. HSBC Securities Services (Malta) Ltd is regulated by the MFSA.

Being a valued client of HSBC, will give you access to the most comprehensive suite of services, expertise and in-depth knowledge within the Investment Services industry, dynamic information technology, refreshed on an ongoing basis, and a service provider having financial strength and stability.

Services provided:

 • Portfolio Accounting and Unit Pricing

•  NAV calculation
•  Trade operations and transaction processing
•  Expense processing
•  Monitoring investment restrictions
•  Reconciliation of assets with Custodian

 • Transfer Agency and Investor Services

• Subscription and redemption processing
• Share register maintenance
• Know Your Customer and anti-Money Laundering diligencies
• Call centre support

 • Statutory Reporting

• Annual and Interim financial statements
• Co-ordinate the audit of financial statements
• Filing statutory returns with Registrar of Companies
• Tax accounting

 • Corporate Secretarial

• Hold AGMs
• Maintain company records

 • Additional services

• Custody and Banking Services A request for Proposal as well as Service Description and Fee Proposal documents giving you more detail can be supplied upon request.

Fee structure:

The administration fee depends on the type of fund and assets involved, number of sub-funds share classes and the frequency of valuations needed.

IT infrastructure:

• Institutional Fund Services ICON fund accounting application, with online accessibility.
• Robust bespoke Investors Database System for transfer agency and investor services.
• Suite of HSBC and third party-approved payment and settlements systems.
• Reliable and secure IT connectivity and comprehensive disaster recovery plans.

Regulator: Malta Financial Services Authority

The Malta Financial Services Authority is the single regulator of the financial services activities in Malta. It regulates and supervises credit and financial institutions, investment, trust and insurance business and also houses the country's Companies Registry. It encourages high standards of compliance and runs a consumer affairs unit. From a regulatory point of view, the benefits of domiciling funds in Malta include:

• Fast and single point registration process
• Low Regulatory, Registrar and Listing Fees
• Tax-efficient domicile

Key Benefits

Our Fund Administration company will provide you with:

• accurate and quality service, offering personal attention to customers' needs;
• very competitive administration and custodial fees;
• short turnaround time of product to market;
• highly skilled and multi-lingual workforce offering "call centre support";
• well developed IT infrastructure, drawing on HSBC Group and internal resources;
• excellent working relationship with regulator.

The Maltese jurisdiction offers:

• a well grounded financial services legal framework;
• a solutions-oriented and approachable regulator;
• compliance with International Financial Reporting Standards.

HSBC Global Asset Management (Malta) Ltd forms part of the HSBC Group, which is one of the largest banking and financial services organisations in the world, with well-established businesses in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. As a global leading provider of securities services, HSBC has assets under administration of USD 208 Billion as at 30 Sep 05.

Being a valued client of HSBC, will give you access to the most comprehensive suite of services, expertise and in-depth knowledge within the Investment Services industry, dynamic information technology, refreshed on an ongoing basis, and a service provider having financial strength and stability.