Chenavari Investment Managers (www.chenavari.com) is an independent asset manager specialized in fixed income credit & debt markets. The Chenavari Multi Strategy Credit Fund utilises relative value strategies with strong credit spread convexity profiles. This involves trading in a range of credit instruments including Credit indices, index tranche products, single name credit default swaps and bespoke credit portfolios. Quintillions unique Trade workflow, Q Acquire, has enabled a systematic and automated trade processing solution which extracts the key OTC trade economics directly from the Chenavari portfolio management system and automatically creates these various credit instruments in Advent Geneva along with the underlying trade details such that all subsequent income flows are systematically generated. 

This advanced integration, utilising Advent's workflow manager, also allows for the mapping of additional OTC reference points such as REDID, restructuring type, Doc clause, underlying reference entities and spreads into Geneva in an automated fashion. In addition Q Acquire facilitates the use of various identification fields from the Manager's internal portfolio management systems.

This has allowed Quintillion to service complex trading data in a more effective way, allowing for the independent calculation of CDS periodic payments, granular level profit and loss reconciliations along with a more automated approach to a three way reconciliation process:-

1. Counterparty reconciliations. Automated matching of positions and cashflows (trade and periodic payments).
2. Manager reconciliations. Automated matching of Profit and Loss by trade or position.
3. Straight through processing / audit trail of third party OTC pricing facilitated through use of common identifier by Investment Manager, Quintillion and pricing vendor.

"Quintillion's straight through trade processing and daily reconciliation solution has facilitated timely identification and resolution of any trade related issues. The nature of this interface has been such that a first rate monthly NAV cycle has been our consistent experience. The level of service has provided internal efficiencies which allow the Chenavari middle office team focus on other key operational areas.."

Nadir Afzal, Chief Financial Officer, Chenavari Investment Managers