Research Payment Accounts require that research budgets be allocated by client and fund. This in turn generates a requirement that client funds that are used for payments need to be tracked at a more detailed level than in the past.
Payment Centre collects all of one’s trade information, handles unbundling where required, and manages client balances across multiple brokers and/or aggregators (including Castine’s BD Centre for brokers). Users can filter and summarize trades and use balances to directly pay for research or move balances between firms, all with complete audits supporting them.
Payment Centre is a member of the RPA Centre suite. One can use this module on its own or in conjunction with any or all of the other members of the suite: Vote Center and Budget Centre.