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Trax has three major product groups:

Trax Domiciliary Suite

Multi-company Accounting - Company Administration - Time Recording, Disbursements, Billing

Increased Productivity, Profitability, and Client Satisfaction

Multi-company, multi-currency, multi-lingual Accounting - Trax Accounting

  • Integrated, multi-currency, multi-entity, multi-lingual operation and reporting
  • Full six-level analytical accounting, configuration flexibility
  • Automated end-of-period value adjustments
  • Standardised or user-stipulated charts of accounts in various languages
  • Financial Statement Editor included – produce any format, any language
  • Repeating entries, automated assistance for reconciliation, lettering suspense resolution
  • Automated link to European Central Bank FX rates
  • Links to stock price services available
  • Full analytical consolidation / aggregation
  • Provides pre-defined entry screens for accounting treatment of assets and liabilities
  • Multi-lingual input and reporting
  • eCDF and eTVA reporting (XML)

Quickly and efficiently generate accounting data for top-class, fast and informative reporting

Company Administration – Trax Diary

  • Company administration and KYC management module
  • Provides data to Trax Accounting
  • Diarised reminders for tasks falling due, by individual or team, backlog management
  • Nomination, terms, renewals, resignations, mandates and approval for all connected persons
  • Management and full documentation of AGO, EGO, notes to Accounts
  • Workflow design, analysis and application
  • Links to specialised Diligence modules (e.g. CDDS –

Easily and productively manage and administer client companies, shareholders and other appointees for fast and informative reporting

Time Recording and Billing - Trax Timerecording and Billing

  • Comprehensive yet simple time recording, multi-axis time analysis and grouping
  • Sophisticated Employee / Client / Task matrix for charge-out rate management
  • Manage Fixed Fees, Advances, Recovery, Reconciliation, Write-Offs, Up-Billing
  • Accepts data from Trax Disbursements for Expense and Disbursement management and recovery
  • Mutliple billing options, e.g. all work-in-progress (WIP), WIP > x, by Department, Line-by-Line, etcetera
  • Employee Productivity and Departmental / Client Profitability
  • Per Client or Group invoice configuration (level of detail, language, grouping, etc)
  • Analysis and Billing per Project
  • Multi-entity billing (Accounting Company + Logo, Audit Company + Logo, Consultancy Company + Logo)

Track staff time, maximise productivity, profitability and recovery by accurate, reliable and justifiable billing

Trax Disbursements

  • Automated accounting treatment of posting, allocating and recovering disbursements and expenses
  • Accepts electronic invoices from suppliers (courier services, tax offices, company registration dues)
  • Automatically adds expenses and disbursements to next client invoice (may be altered, deferred or suppressed)

Efficient, timely disbursement and expense recovery help you recover costs and bill these transparently to clients

Trax Fund Administration Suite

Share Register and Transfer Agent – NAV Accounting – Administration – Compliance and Risk

Increased Productivity, Profitability, and Client Satisfaction

Share Register and Transfer Agent – Trax Shareholder

  • Capital commitments, capital calls, capital redomination, partial reimbursal of capital
  • Dividend declaration with optional re-investment at an individual or global level
  • Integrated register of fund investors
  • Defines, calculates and prices to six decimal places
  • Batch processing, subscriptions, redemptions, switches, transfers
  • Supports rounding and remainder management
  • Shareholder communication (statements, register, advices, confirmations)
  • Multi-lingual input and reporting

Quickly and efficiently provide investors with reliable, informative and timely information and service

Trax NAV Accounting

  • Integrated, multi-currency, multi-fund, multi-compartment, multi-class, multi-lingual transactions
  • Full six-level analytical accounting
  • Configuration flexibility
  • Automated NAV calculation per share class
  • Automated apportioning of commissions, fees, regular outlays
  • Automated link to European Central Bank FX rates
  • Links to stock price services available
  • Full analytical consolidation / aggregation
  • Provides pre-defined entry screens for accounting treatment of assets and liabilities
  • Covers financial portfolios, real estate, antiques, classic cars, works of art and funds of funds
  • Financial Statement Editor included – produce any format, any language
  • Multi-lingual input and reporting
  • XML reporting available

Easily and productively generate accounting and valuation data for top-class fast and informative reporting

Administration – Trax Fund Diary

  • KYC management module
  • Provides data to Trax NAV Accounting
  • Nomination, terms, renewals, resignations, mandates and approval for all connected persons
  • Management and full documentation of AGO, EGO, notes to Accounts
  • Workflow design, analysis and application

Manage and report on Company/Fund administration easily, accurately, effectively and on time

Trax Limits

  • Compliance and Risk Reporting Module
  • Accepts data from Trax NAV Accounting
  • Exception reporting for risk and investment policy criteria
  • Ad hoc client preference reporting
  • Sophisticated dynamic rule building and application

Efficient, timely exception reporting helps you manage risk and compliance with legal and prospectus criteria

Trax SPV and Derivative Accounting

Trax SPV Accounting™ provides, for accountants and finance directors in the securitisation industry, all the features and functionalities required for multi-issue and derivatives accounting and financial reporting.

Trax SPV Accounting™ provides, for accountants and finance directors in the securitisation industry, all the features and functionalities required for multi-issue and derivatives accounting and financial reporting. Major features include extensive automatic bookkeeping with auto-posting of interest receivable and payable, foreign exchange gains and losses, end of period revaluation and reversal of closing entries. Real and pseudo- consolidation of period-end adjusted accounts can be undertaken at any date. The installation can benefit from reliable, fixed format data flows providing up-to-date fx, stock exchange information.

The system is designed to produce detailed reporting on bond emissions, linked loans and related derivative deals. Specific tools allow regrouping and detailed reporting according to the bond emission hierarchy of all related deal types. This is based on the TraxAnalytical module. It dramatically reduces the number of security types, deals and accounts that must be created and maintained and it requires less intervention on your part with respect to the chart of accounts and financial statement layout.

The links between the bond issue or adjacent assets and related loans, hedge operations (CDS, CRS, Options or other derivatives) and connected fees are easily managed. After the emission or adjacent assets are booked appropriate routines assist the user in booking all related deals, proposing amounts and other information emanating from the base deal. The link between deals – through ISIN code - is recorded and used later in reporting.

Using securities in bond emission deals and linking loans to those will be sufficient for TraxAnalytical to prepare analytical financial statement reports and provide detailed results to the analytical version of the TraxCell MS-Excel-merge module.

Trax SPV thus delivers full analytic (by ISIN) booking, management and reporting for Subjacent Assets, Note Issue Securitisation and Derivatives:

  • Notes Emission / Adjacent Assets
  • Linked Loan / Linked Borrowing
  • Interest Rates Swap Loan / Interest Rates Swap Borrowing
  • Cross Currency Swap Loan / Cross Currency Swap Borrowing
  • Credit Default Swap Loan / Credit Default Swap Borrowing
  • Option Loan / Option Borrowing
  • Equity Swap Loan / Equity Swap Borrowing
  • and control statements for related fees
  • Issue Fees
  • Syndication Commissions
  • Sub-primes / Over-primes
  • Up Front Fees Received
  • Up Front Fees Paid
  • This is not an exhaustive list and other types of deals or fees may readily be accommodated


The system respects the different approaches required between IFRS and Lux-GAAP. You may switch between accounting methods through posting specific analytical bookkeeping batches (individual reversal and global re-allocation). You retain the possibility of switching back and forth between IFRS and Lux-GAAP.

Switching is achieved by applying a specific accounting procedure in order to accommodate alternative accounting standards, including the amortization of specific fees. For example option praemia registered as one-spot can be amortised and provisioned. The range of possibilities for recording and processing such fees - receivable and payable - is extended to allow each deal to be processed individually and according to its specific amortization or provision schedule. All of these fees are related analytically and booked, processed and reported separately.
In addition foreign exchange differences are individually allocated to each deal.


The system has a module designed to manage specific consolidation processes. Trax prepares an automatic data feed to external consolidation systems. This functions by extracting and re-processing accounting entries according to a predetermined set of parameters. This dynamic, analytical module provides conformity with group re-allocation requirements of all on- and off-balance sheet items. We currently have experience with Magnitude, Matisse, and Arpège consolidation systems.

The system allows production of accounts at any juncture through the life of the SPV, with full accrual and prepayment reversal. Accounts are produced ready for filing, complete with notes as required, and with user-definable customer output which can be produced in a selection of languages. Connections to mainframe and other data sources can be provided as part of the installation service.

    bnp-fundings-logotesti-logo-4ESSEDI Partnerstesti-logo-1testi-logo-3testi-logo-2
  • "We have been using Trax SPV Accounting since 2007 and, for us, Trax is an excellent tool for keeping track of our complex multi-issue, multi-derivative accounting. It has significantly increased our reporting capabilities, automating many of our processes and allowing us to meet tight deadlines with confidence. As the complexity and sophistication of our financial engineering and reporting has developed over the years the Trax team has incorporated additional functionality into the software to keep us ahead. Response to our requests is consistently high quality and we continue to appreciate the rapid turnaround."

    BNP Paribas Fortis Funding
  • Mit der Einführung von Trax in unsere Buchhaltung und der damit einhergehende Automatisierung von Buchungsschritten und gestiegener Prozesssicherheit konnten ‎wir nachhaltig die operativen Kosten im Rahmen unseres Produktangebots über Chartered Opus senken. Insbesondere die enge Zusammenarbeit mit dem Trax Team bei der Implementierung aber auch bei der fortlaufenden Weiterentwicklung gibt uns die Sicherheit mit einem verlässlichen Partner zu arbeiten, mit dem wir erfolgreich unser Geschäft weiter entwickeln können.

    Daniel Maier, Geschäftsführer
    Chartered Investment Germany
  • We have been using Trax Domiciliary Suite software since Spring 2014 and have found it helps us greatly in providing efficient, quality accounting and company secretarial services to our clients. The systems also provide all of the internal and back-office functionality we require. Trax after-sales support services are rapid and of the highest quality. We are happy to recommend Trax systems. It has been the right choice for us.

    Essedi Partners
  • Alcyon S.A. uses Trax Accounting since 2012 for the bookkeeping of Specialized Investments Funds and SICARs. We appreciate the quality of this software which is flexible and easy to use.

  • TRAX offers a fully integrated solution for accounting, legal information and invoicing for accounting firms. As the system is user friendly and robust, it was a natural choice for us to adopt their fund shareholder module when we launched our regulated PSF entity in 2013. The multiple language option and their easy revaluation features make it a very powerful tool for our international clientele. We also appreciate their responsive on-going servicing when we need to integrate changes into the system.

  • Un produit fiable pour les petites et/ou les grandes fiduciaires. Nous sommes très contents de pouvoir l’utiliser dans nos missions comptables spécialement financières. La qualité des reporting est remarquable avec la possibilité d’importer et d’exporter des autres données. La puissance de calcul pour les écritures de fin d’année est incroyable. Le desk « développement » est toujours à l’écoute des clients et il intervient dans les meilleurs délais à distance ou sur place pour résoudre les problèmes ou assister la clientèle. Nous sommes heureux de profiter des services de Trax Accounting et de participer à l’évolution constante du produit.

    G&G Associates

3 main reasons for
choosing us

About Trax

The Trax Group was formed in August 1989, headquartered in Scotland. The Group's principal operating company is Mackay & Radovic S.A. in Luxembourg. We have supplied in Australia, Belgium, Eire, England, France, Luxembourg, Monaco, Russia, Scotland, Serbia, Singapore, Slovenia, Switzerland, and the USA and has a rich and varied client list, from independent professionals to major international financial institutions.

Trax provides innovative software solutions that meet the changing business demands of clients worldwide. Solutions are built upon the experience and dedication of the Trax team and have already ensured competitive success for major financial institutions. Trax also provides management consultancy services in relation to its software products and general management consultancy through its associate Business Consultancy Services. It also provides, as ancillary services, information technology consultancy, software maintenance and third party software.

Trax is a customer-driven organization. Listening to our customers and understanding their needs is our number one priority. Our communication strategy is built on customer care. You may not be familiar with the name Trax but you will have heard of many of our clients. We rely on our very satisfied client base to recommend our software rather than to run an advertising or marketing budget.

We take pride in ensuring that our software is a best fits for our clients’ requirements and offer highly flexible products to meet specific requirements and situations. More importantly, we never forget that it is our customers who run the software, not the software which runs the customers. Clients we attracted in our early years are still with us today, valuing our commitment to continuing quality service.

Our software is written for people, not machines and our mission is to turn your data into business management information.

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Our address

Trax Business Solutions S.à r.l.
Mackay & Radovic S.A.
15 rue Aldringen
L-1118 Luxembourg
Tel: +352 691 438 809
Fax: +352 225 341

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Call us now! (+352) 691 438 809