Linedata Icon

Asset managers are addressing the challenge of managing, accounting for and growing an increasingly diverse range of assets in the face of ever more demanding customers, complex regulations, tighter controls and the need for more streamlined operations.

Linedata is passionate about working in partnership with its clients to provide adaptable, integrated solutions that really do make a difference.

Linedata Icon, your complete back office platform with strong track record in the UK, Europe and the Middle East

Linedata Icon has a proven track record and is used by leading institutions for Fund Accounting and administration in the UK, Europe and the Middle East. It handles both traditional and alternative asset types, as well as non-security assets such as commodities and property assets.

Linedata Icon is a complete back-office investment management, accounting, portfolio valuation and investment reporting solution, for all types of funds and all sizes of institution.

Centred on its core, real-time, multi-currency accounting system, Linedata Icon manages stock positions, generates, records and accounts for all investment transactions and calculates accurate NAV’s and prices for multi-class collective investment funds.

Linedata Icon’s rich functionality and flexible configuration handles more of a business’ operations and processes, so more business can be undertaken without increasing staff levels
A high level of automation provides greater operational efficiencies with significant cost and time savings
A toolkit methodology allows you to take advantage of innovations in the market as and when they occur, adapting to new requirements without needing any development

A strong link in any STP chain, Linedata Icon receives data from multiple sources and sends it to multiple destinations.

Core Functionality

Core investment position and accounting

All transactions update the asset holding position and the accounting position in real-time
Up to 3 book costs per asset position in 3 currencies
Up to 3 cost bases, each in 3 currencies, for account postings and balances

Investment Administration

Trade entry screens cater for security, spot and forward FX, derivative and money market trades
Records security trade, forward FX and capital event settlements
Calculates and records income from dividend and interest bearing securities
Capital events are manually or automatically processed across all portfolios
Caters for both cash deposits and money market instruments

Fund Accounting

A user-defined full chart of accounts is maintained for each portfolio
Values user-defined asset positions and re-values accounts as at any historical date and time
Icon’s multi-class pricing module handles different types of funds, with no practical limit on the number of classes within a fund
Supports both IAS and SORP
Accounting operations, such as Mark-to-Market or Amortised revaluation, can be applied to any of the cost bases.
A wide range of standard reports and a powerful Report Writer for additional user-defined reports
Flexible grouping and reporting facilities for viewing portfolio accounts
Calculates capital gain/loss for equities and other securities still within UK Capital Gain Tax legislation
Forecasts income for a future year by projecting dividend and interest income

Hosting

Linedata Icon can be deployed in a number of ways. As your business changes, the deployment can change to meet new requirements.

Linedata Icon ASP

Linedata Icon ASP (Application Service Provider) provides cost-effective access to Icon functionality. Icon is installed on Linedata’s equipment which Linedata hosts. Whilst you are still responsible for day-to-day operations, we handle IT administration and system administration operations. Disaster recovery arrangements are included as standard.

Linedata handles IT hosting and administration and common system administration operations, such as operator maintenance
Cost-effective access to Icon functionality
Customers can concentrate on using Icon to support their core business, without hte IT and administrative overheads of running the system
Disaster recovery arrangements are included as standard

Linedata Icon FM

Linedata Icon FM is a facilities-managed service if you prefer not to handle IT administration themselves.

Linedata hosts and administers the hardware and IT infrastructure on behalf of the customer
Customer administers the system as if it was deployed in-house
Disaster recovery arrangements are offered as an additional option

Linedata In-House

For customers who already have IT infrastructure in place, and prefer or need the whole system to be located at their own premises.

Partners

Accredited Data Vendor Partners

Linedata Accredited Data Vendor Partner Programme is designed to offer existing and future Linedata Icon customers a choice of two-way, seamless interfaces with data vendors, for example, to facilitate sourcing data for different assets from different vendors. The programme certifies that each Partner’s services can interface to Linedata Services’ Icon solution via its Data Integration Platform (DIP), and comprehensive testing is undertaken by both parties. Current partners include IDC, Reuters and Thomson.