Bazis Accounting Services

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Basiz Introduction
Basiz is a high end and specialized fund
accounting service provider with International
footprints, headquartered in Chennai and having
offices in Mumbai, Coimbatore in India, besides
Singapore, London, and New York. Basiz primarily
focuses on servicing Fund administrators, Hedge
Funds, Private Equity/Venture Capital, Mutual
Funds, Family Offices, REIT funds, Insurance
Portfolios, and Managed accounts. Basiz is a
shareholder and operating partner of the ODB Fund
Services LLC, the 3rd fastest growing fund
administrator in the US. The partner in this
venture is PKF O'Connor Davies the 10th largest
CPA firm in the US. Basiz is the operating arm
of a joint venture in UK, HWB Fund Services Ltd,
with the 13th largest CA firm in UK, Haines watts
(HW). HWB is headquartered in London and has a
presence across UK with more than 50 centers.
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• BASIZ - A Knowledgeable, Viable and Dependable
  back-office partner
• Knowledge of GAAPs, proven and disciplined
  processes and technology integration is the USPs
  of Basiz.
• Proven Experience of 13.8 billion asset under
  fund accounting administration, Team of 100
  professionals.
• Basiz has executed and administered 400 NAVs
  7,000 financial statements.
• A whole range of services in the fund accounting
  space right from the time, trade is executed to
  the declaration of NAV and financial reporting.
• International clients include reputed blue chip
  banks, Hedge FoFs, Private equity, Foundations.
• Basiz supports the top 6 banks globally, in
  preparing financial statements for about 5 of
  the funds they administer.
• Basiz is SAS 70 Type I Certified.
• Pioneer in adopting SIPOC and PERT/CPM techniques
  in fund accounting reporting processes.

Better ROIs for the clients is a BASIZ Guarantee.
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What Differentiates Us
Pioneers in the industry in adapting Six Sigma
processes, with the state of art work flow
technology and professionally qualified teams
handling assignments relating to AUA of over
13.8 Billion. Having processed more than 7,000
financial statements and 400 NAV processes of
divergent asset classes and structures, with high
level of complexities, we have an extensive
knowledge pool capable of handling even the most
challenging situations and bringing results to
your table.
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Client Segments
We serve clients across Asia, Europe, Middle
East, US, UK and includes

• Leading Fund administrators
• Sovereign Funds
• Prime Brokers
• Hedge Funds
• Private Equity/Venture Capital Funds
• Real Estate And Fund of Funds
• Mutual Funds
• Family Offices
• Foundations and SPVs

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Pricing Model

• Basiz has 3 types of Pricing model
• Fixed price
• Bps pricing (Percentage Basis Point)
• Assignment based pricing

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Key operational features

• 3 production centers in India( Chennai, Mumbai
  and Coimbatore) and 1 in US( through the joint
  venture)
• Strong recruitment capabilities for scaling up
  across multiple centers
• Qualified and deep domain resources
• Six Sigma derived processes
• Training methodology on proprietary tools
  developed for scaling operations
• Well documented processes, KPI, error markings,
  proven checklists with a minimum 6,000 hours of
  use and multiple improvisations a deep entrenched
  Intellectual property
• Systems and processes built for remote monitoring
  with anywhere IT infrastructure and dynamic
  control
• SSAE16 ( formerly SAS70)type 1 certification
• Backup and disaster recovery (multiple office
  locations, DRP/BCP)
• Primary data center is in a Level 3 data center
  colo managed by Tata Communications Ltd, leading
  ISP globally
• Unique Proprietary online checkpoints for
  processing and review

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• Fund Accounting Administration Services-
  Private Equity Venture capital
• Operating and monitoring of definitive agreements
  covenants, collection of financial statements
  from the portfolios, MIS collection tabulating
  and creating board binders
• Deal entry
• Recording capital commitments
• Accounts Receivable/Payable Monitoring
• Cash forecasting
• Bank reconciliation preparation
• Working and monitoring draw down schedules and
  call triggers
• Claw back, Waterfall calculations and IRR
  analysis
• Investor services including investor portal
  services
• Budgets, organization syndication accruals
• Carried forward interest, Management
  Performance fee computation
• Assist and coordinate board meetings
• US Tax reporting mainly PFIC 1065 and K1 and
  coordinating any tax consulting and CPA review

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• NAV Accounting
• Hedge Fund accounting is specialized segment of
  accounting that combines the knowledge of
  securities, GAAP and skills of disciplined
  processes. Basiz offers NAV support services to
  the industry that caters to the pains of
  capacity, exotic investment strategies, difficult
  to account securities and instruments that do not
  have automated solutions.
• Salient features of this service are
• End to end investment accounting from transaction
  processing to NAV declaration
• Proven experience of handling 400 NAVs covering
  daily, weekly and monthly funds covering with
  Long/Short, Global Macro, Absolute return, OTC,
  derivatives, IRS, Equity basket swaps and CDS
  strategies
• Investor accounting that covers Partnerships,
  Master Feeders, SPCs. Basiz can also compute
  equalizations series allocation.

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• Financial Statement Preparation
• Our team handles this assignment right from the
  draft stage to sign off
• Basiz prepares Financials for about 5 of the
  Hedge Funds at a global Level
• Cumulative experience of 7,000 statements
  covering IFRS, US GAAP, Lux GAAP, Irish GAAP,
  Indian GAAP etc.
• Proven model
• Experience in handling major audit firms
• Unique PERT/CPM method to reduce turn around time

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Summary of Capability _at_ Basiz..- financial
statements
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Detailed Capability Display
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• US Tax Services
• Basiz offers K1, PFIC 1065 services for US
  Investment partnerships.
• Draft 1065 preparations
• K1 services for US Investment partnerships
• PFIC's for Funds
• PFIC's for portfolio companies
• 926 for Funds

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• Mid Office Service
• Mid Office Services from Basiz
• Simulation and pre-trade
• Rebalancing calculations
• Verification of trade details and ensures trade
  documentation is complete and accurate
• Post-trade analytics like Price tolerance, Best
  Execution, profitable trade
• Management of confirmations, cancel corrects and
  fails
• Monitoring of events during the trade life cycle
  (reset reports, netting, interest and premium
  payments, financial periods)
• Management of positions
• Monitoring of counterparty risk limits

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• Real Estate Fund Accounting
• Real Estate Fund Accounting
• Fund Accounting for Real Estate Fund Its a
  Specialists Job
• Record receipts and expenses for Rental and
  expenses of property
• Compute mortgage interest
• Compute Variable loan interest
• Compute fixed rate loan interest
• Calculate depreciation of building
• Valuation of building.
• Monitor inter-company loan
• Accrue for outstanding loan interest whether
  variable/ fixed loan
• Monitor loan progress payments

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• Director Support Services
• DIRECTOR SUPPORT SERVICES
• In volatile market situations, Independent
  Directors in investment funds, especially the
• hedge funds are exposed to the risk of overseeing
  the management of the funds without backup
  support to measure risk and proactively prevent
  any risk of inaccurate reporting. Basiz Fund
  Service introduces a unique risk management tool
  at a fraction of the price for insurance.
• Risk
• Portfolio reporting inaccuracies by fund
  administrators mainly in pricing
• NAV error
• Exposure risk
• Solutions
• Independent Pricing review
• NAV proofing
• Benchmarking independently
• PPM v/s actual mapping of deviations
• Transaction tolerance testing

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• Director Support Services
• The services provided above proactively prevents
  apparent risk renders a health check.
• For independent directors who age on the board of
  multiple funds, this offers a preventive solution
  to ensure peace of mind!.
• Benefits
• Ability to take on more fund directorship with a
  back office and compliance support that is
  independent of the fund manager or the
  administrator at all a fractional cost
• Thorough system and process based approached
  using well documented processes
• Customizable check points taking into accounts
  personal perspectives of directors
• Peace of mind at fractional cost, ensuring
  multiplier value
• Ask the right questions to ensure reduced risk

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Thank you