Custodians have access to quotes for mutual fund clients that are currently using the SQX system. They can be accessed by logging on to their own SQX web site either on-line or in downloadable spreadsheet format that can be loaded directly to an accounting system. The SQX system eliminates miscommunication and transcription errors, speeds up the collection of end of day pricing quotes and creates an audit trail. SQX maintains a historical pricing data database. Instead of having to wait until the next day to see evaluations of hard-to-price securities, the quotes are available as soon as they are entered into the system.

The SQX delivery system is fast, secure and efficient.

• Does away with time wasting phone calls and faxes.
• Eliminates errors caused by miscommunication.
• Provides one quote to multiple fund managers.
• Supplies previous quote for validation.
• Stale price indicator.
• Maintains a historical database for audit purposes.
• Prices can be down loaded manually, by spreadsheet or by an FTP file.

The Benefits of using the SQX Swap

SQX automates communication
SQX provides worldwide electronic communication of security evaluations between pricing analysts, broker/dealers and custodians. The system eliminates redundant phone calls, lost faxes and miscommunication between fund accounting operations and the broker/dealer community. By utilizing SQX there will be error free, secure and confidential communication between security evaluation providers and users of the information.

SQX reduces costs
Eliminates time wasting phone calls and streamlines the gathering of evaluations for difficult to price securities, which frees up resources for more productive use. Our system takes care of information requests to brokers who you designate. There is no concern that a fax did not arrive or that a phone call is imminent.

SQX is ideal for global pricing
SQX is convenient for clients who have overseas investments that require delivery of quotes from foreign broker/dealers. There are no additional costs for communication. Time differences do not present problems when prices are available globally. SQX is available anywhere there is access to a phone line and the Internet.

SQX integrates with your current system
SQX supports industry standard file layouts so that there is no need for redundant keying of evaluations into your current fund accounting system. We also provide customizable layouts for non-standard applications.

SQX requires no new hardware
Clients can access SQX with any computer that uses standard web browser technology.

Summary

SQX technology streamlines end-of-day processing of difficult-to-price securities. Utilizing the latest Internet technology and sophisticated database design we make certain that your operations are made more efficient, errors are reduced and productivity is enhanced. Under the system, custodians are not permitted to request prices. However, they can be given permission to see the prices of their mutual fund customers. These price can be viewed on their own custodian SQX web page.

Custodian Pricing Analyst Page

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