Woori Fund Services

Systems

Fund Accounting System

Based on the prices of investment securities and market disclosure information provided by reputable and reliable institutions at home and abroad,
we compute the fair values of assets included in funds and calculate the Fund Price through accurate and transparent accounting processing.

System Overview
Client
  • 09:00 Business Commencement
  • 14:00 Corporate Action Verification
  • 16:00 Management Instructions

    Management Instructions
    Intraday Transaction Details

  • 18:00 Cash Balance Closing
  • After 18:00 Business Closing
  • 09:00
  • 14:00
  • 16:00
  • 18:00
  • After 18:00
Woori Fund Service
  • Maturity Processing

    Receipt and Preservation of Principal and Interest
    Verification of Settlement Funds

  • Corporate Actions

    Corporate Action Reconciliation between Exchange and KSD
    Reconciliation of Rights between KSD and Custody Bank

  • Receipt of Management Instructions
  • Receipt of Closing Prices
  • Calculation of Fund Price

    Accounting Processing
    Asset Valuation
    Ledger and Fund Price

  • Ledger and Fund Price
Key Implementation Features
  • 01 Launch of Industry-First Next-Generation System
    • 2014 Launched the Fund Administration System (FUND ONE)
    • 2015 Sales and consulting for third-party systems
  • 02 Minimizing errors in Fund Prices
    • Prevention of Fund Price errors via Management Instruction Forwarding System
    • Approval and Dual-Check Process between Preparer and Approver
    • Real-time Storage of Historical Management History
  • 03 Automation of Internal and External System Integration
    • Automation of execution details through integration with OMS and KSD
    • Automation of Domestic Corporate Action Receipt and Reconciliation of Overseas Corporate Action Details
  • 04 Client-Customized Support
    • Customized Data Provision for Clients, Distributors, Custody Banks, and Beneficiaries
    • Support for customized screen and report development by category