AIFMD Cash Monitoring

AIFMD Cash Monitoring

 

Under the requirements of the Alternative Investment Fund Managers Directive (AIFMD), the appointed Depositary has a responsibility to ensure that cash reconciliations are carried out on a daily basis and to monitor significant cash flows.


Overview of our Cash Monitoring Services

  • No need to change current banking relationships as Augentius can obtain “read only” access to all relevant bank accounts
  • Data will be downloaded from all accounts on a daily basis so that monitoring and reconciliation can take place as unobtrusively as possible
  • Cash “memorandum” accounts will be maintained within Depositary systems, based on the information and data passed to the Depositary by the manager
  • Daily automated systems reconciliation between cash memorandum accounts and bank balances
  • If reconciliation matches – no involvement or action required from manager
  • If there should be a mis-match – we will work with the manager to investigate and ensure reconciliation

To find out more about our AIFMD Depositary Services including Cash Monitoring contact our team or follow the links below:

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+ LOCATE TECHNICAL GUIDANCE AND AIFMD NEWS UPDATES IN OUR NEWS SECTION>