We are excited to introduce the most recent enhancements and features in the latest release. Below are the key highlights for your attention:

Compliance - We've introduced new functionality that allows you to run a check on which instruments would fall under your filter criteria while building a compliance rule, without having to run the rule itself. Simply click the "Run Check" button to apply the rule criteria to the selected portfolio's holdings, using the current date, and see which instruments match the rule. This check can be run for all instrument criteria or specific criteria as per your preference.

In addition, we've incorporated predefined events for pre-trade compliance into the triggered reports. Now, details such as Order/Trade/OTC reference and failing portfolios can be included in the message, providing you with more comprehensive insights.

A new user role for 'Compliance Officers' has been introduced. Users assigned to this role will automatically receive notifications of breaches during Order Authorisation, Trade Posting, and OTC Trade Approval, with options to authorise the failures directly from the notification.

To streamline the process of managing post trade market breaches, we've added an option in the compliance evaluation screen to create multiple market breaches at once from the evaluation result set. This eliminates the need to add market trade breaches individually via the Market Trade Breaches screen, saving you valuable time and effort.

The 'Compliance Rules' UI has been expanded to include filter criteria, simplifying the process of searching for specific rules and improving the overall user experience.

Furthermore, in the compliance evaluation screen, users can now specify whether the detailed breakdown for 'success' results needs to be included, providing flexibility in reporting. By default, this option is set to false to conserve resources, simply indicating that the rule has passed without further details. However, when selected, the detailed evaluation will be displayed. This parameter has also been incorporated into the CC-045 Compliance Evaluation report for consistency.

We've introduced a new value type option, 'Counter,' which is now available in the numerator and denominator setup within the 'Calculation' evaluation condition. This enhancement enables users to retrieve the count of instrument holdings within the matching group. Additionally, a shortcut item titled 'Number of Holdings Per Issuer' has been included in the Templates group within the Evaluation Conditions tab, facilitating a quick setup and example.

Lastly, the 'Exposure' and 'Effective Exposure' Evaluation Conditions have been removed as the functionality is now covered by the 'Calculation' Evaluation Condition.

Shadow NAV - users can now import multiple external instruments mapped with a single FPM Instrument and consolidate these holdings. Additionally, the import function enables the consolidation of multiple line items for an instrument that is not mapped but instead uses the original FPM code, consolidating these holdings into a single entry.

Internal Look-Through - We’ve updated the Internal Look-Through mechanism to consider tenancy, restricting the explosion of a UT instrument linked to a portfolio unless the tenant has access to that specific portfolio.

Furthermore, this feature has been expanded to allow look-through to be done on Exchange-Traded Fund (ETF) Instruments.

Front Office - In the Release Order form, users can now view the estimated trade value for unit orders, calculated using the latest available price.

Additionally, when trading complex yield instruments via the Trade Order screen, users have the option to specify the Income Price, Clean Price, and All In Price, mirroring the functionality of the Transaction Batch Manager.

In the Allocations section of the Trade Order screen, further adjustments have been made to accommodate trading complex yield instruments.

Furthermore, users can now search for instruments by ISIN in both the Front Office order and trade screens, simply by adding the ISIN column to the grid via the 'Customise Columns' function.

Modelling - We're pleased to introduce several new features as part of our expanded modelling functionality.

Users can now view their cash balance split into settled and unsettled portions. This feature provides a clearer understanding of cash flow and aids in preventing portfolios from going into a short position.

The Modelling Analysis View now includes two new columns: 'Active Weight %' and 'Proposed Weight %'. The 'Active Weight %' reflects the current weighting (market value) percent above or below the Benchmark and is calculated as Market Value % + Open Orders % - (Benchmark % + Benchmark Spread %). The 'Proposed Weight %' displays the proposed weighting percent above or below the Benchmark, initially populated with the Benchmark Spread % or zero if there is no spread. Users can manually adjust the weight, triggering recalculation of the Target % and the Order Proposal. Changing the Target %, Proposed Order Delta %, Proposed Order Units, or Proposed Order Value will recalculate the Proposed Weight % (= Target % - Benchmark %). Additionally, the Proposed Weight % for each cash line item reflects the opposite of the sum of the Proposed Weight % for all instruments in that currency, ensuring the total Proposed Weight % across the currency balances to zero.

The 'Benchmark' and 'Benchmark + Spread' delta options have been consolidated into a single 'Benchmark' option. The 'Benchmark' now automatically includes the spread if applicable.

We’ve introduced a new option called ‘Rebalance Targets to Asset Sector’ in the modelling view. This option is designed to be used alongside the Asset Category feature. With this option portfolios can be modelled against a benchmark while excluding certain assets. The benchmark is then reweighted to a 100%, including only the assets that remain in the asset category. This functionality allows users to set up classifications and remove specific assets that are non-compliant while retaining the rest of the benchmark assets. Additionally, this option enables users to rebalance specific asset classes within their fund. When activated, the Portfolio Modelling MV is calculated as the sum of the holdings within the selected classification node, and the Percentage of Portfolio MV is calculated using only the holdings within that classification, rather than the entire portfolio. The selected benchmark excludes instruments not in the classification node, and the weights are rebalanced to 100%.

Activation shortcuts - the following shortcuts have been updated to allow for easier searching capabilities.

• ILU = Unmanaged Instruments
• ILT = Instrument Templates
• MOD = Modelling Analysis
• CA = Corporate Actions
• VP = Valuation Prices

Collated Import - In the cash collation import, new fields including ConsiderationExVat, ApplyVat and VatAmount have been introduced. These columns specifically pertain to FEE type transactions.

For a comprehensive list of changes included in this release (2024.2.1), please refer to the release notes website.