HSBC Global Fund Services is deploying the fixed income attribution module from AFA Systems' performance analysis system, Socrates.
HSBC will use Socrates Fixed Income Attribution to provide customers with detailed fixed income analysis and reporting.
The system will be used to support HSBC's analytical service by providing reports that include attribution that explains the relative performance at asset class, market or sector level. A security-level option is available that quantifies the impact of the securities held, plus those that are benchmark constituents but not held.
AFA Systems acquired the Socarates technology when it bought out asset management technology vendor Sams last year.