Segregated Funds

Whether it’s premium or contract-based guaranteed investments, Citi has the training and expertise to take on details such as death and maturity processing — freeing you to focus on growing your business.

Traditionally, the increased popularity of segregated funds can translate into complex, error-riddled transactions. But the Unitrax® Segregated Funds module has been designed specifically to allow segregated funds to be offered alongside mutual funds and GICs — within the same operational environment and even within the same client account.

Using a table-driven structure, the Unitrax Segregated Funds module can be quickly customized to meet your specific operational requirements, such as desired options (i.e. maturity term, number of resets, death guarantee and the guaranteed percentage amount). It can often be done without additional programming.

Some of the key features of the Unitrax Segregated Funds module include:

• Recording and administering of beneficiary requirements (including primary and contingent beneficiaries and the percentage allocation for each)
• Assigning of primary and successor annuitants by contract
• Providing of Lists Guaranteed Values (net deposit, guaranteed base, death and maturity values)
• Variable Reset options (for all contracts within an account and all funds within a contract)
• Deposit Maturity options (such as renew contract, redeem contract, systemically performed functionality)
• Generation of daily custom-exception reports
• Automated death processing