Electrum’s Automated SRRI Financial Reporting for UCITS Fund Managers KII DocumentsElectrum, the leading automated documents provider, has developed a new system for producing and updating SRRI values for UCITS* funds.Edinburgh, UK, July 18, 2012 -- Electrum, the leading automated documents provider, has developed a new system for producing and updating SRRI values for UCITS*funds.SRRIs (Synthetic Risk Reward Indicator) are the crucial rating for assessing investment risk. They are contained in the new mandatory Key Investor Information (KII) document that has to be provided directly to all investors in UCITS funds from July 2012.*UCITS are investment funds categorised as Undertakings for Collective Investment in Transferable Securities.Examples of the SRRI standardised investment risk ratings:1 is minimal risk (like National Savings)4 is a medium risk that may fluctuate in value (for example: property)7 flags serious risk (such as commodities)The KII documents are designed to make it easier for investors to compare fundsfrom different providers from across the EU, by standardising and streamlining the presentation of key information.“Stuart Harper, Electrum’s MD says, “Now that most fund managers have published theirKey Investor Information documents (KIIDs) in readiness for the July deadline; the collective sigh of relief is almost palpable. However, many are only now discovering that the pain is not over, since the UCITS IV regulations that introduced the KIID also brought an obligation to keep the KIID up to date. Most of the content of the KIID needs relatively infrequent reviews, but the Synthetic Risk and Reward Indicator (SRRI) category needs constant attention. Electrum’s KiiDocs SRRI Monitor automates both the calculation and monitoring of the SRRI values toensure that fund managers KII documents stay up to date, automatically complyingwith the new rules for managing UCITS.“For example, the SRRI Monitor calculates the SRRI values weekly, tracking the calculated value of the fund against the previously published value for each fund.This information is summarised in an “at a glance” dashboard, backed up by a weeklyreport that demonstrates the length of time any values of funds have strayed from the published values.”Electrum’s SRRI Monitor provides a complete audit trail containing the entire history of all data loaded, including revisions, plus all the SRRI values calculated, with direct links back to the source data. It allows manual entry of SRRIs forexotic fund types (e.g. structured products) and users can view or download data & SRRI values for all dates and funds.Electrum’s SRRI Monitor is a hosted application accessed using a web browser. Newclients can start using it immediately as no locally-installed software is required. Data entry is via familiar Excel spreadsheets. The all-inclusive annual fee for the SRRI Monitor is based on the number of share classes monitored. Thereare no set-up charges. (Electrum is at http://www.electrum.co.uk/).Background information follows.