We are pleased to inform you of the enhancements recently published in the first software release of 2024.

Below is a summary of what you can expect.

SWAPS Module Enhancement:

We have expanded our current SWAP module to cater for the below swap types.

• Total Return Swaps
• Asset Backed Swaps
• Cross Currency Swap
• Interest Rate Swap

The enhancement provides users the ability to easily create, trade, and value their swap instruments using FPM.

YTI Accrual - Portfolio Static UI Enhancement:

Clients now have greater flexibility in the fund level YTI Accrual configuration, with the option to choose between Calculated and Imported. By default, the accruals are calculated by FPM, but clients can choose to import values, which will then be used as is for the creation of the accrual transactions on the income date specified.

Corporate Action - Consolidation event:

We’ve updated the logic to allow users the option to select a fractional payment on a decreasing nominal holding, allowing more precise handling of consolidation events.

Streamlined Fee Type Process:

Previously each time a new currency was created, a corresponding FEE_Type instrument was created for all existing FEE Types in the new currency. This resulted in the creation of unnecessary instruments. With this enhancement, when you create a new currency, only the essential cash instrument and default accrual instruments for interest and performance fee accruals will be created.

We have streamlined the process for creating other fee types and now users can simply navigate to the currency manager list and use the new link to select a fee type, which will then create the necessary instruments.

Compliance:

We have made significant advancements in our compliance module, facilitating the seamless evaluation of pre- and post-trade regulatory and mandate compliance rules. We introduced a new Shadow NAV Portfolio type in a prior release, specifically designed for evaluating externally managed portfolios. We also extended the compliance module to include CDM functionality to allow users additional flexibility in the tailoring of compliance rule scenarios. Furthermore, the introduction of new rule evaluation conditions further broadens the coverage of regulatory checks.

In this latest release we’ve further enhanced our existing functionality, introducing features to improve the overall user experience. Our Compliance Evaluation operations now handle unexpected errors, recording them for future reference without disrupting the evaluation process.

User Interface Changes

Grid Freeze and Customise Columns Enhancements: Users are now able to customise their grid layout more effectively with options to freeze columns to your preference. When selecting the 'Customise Columns' the enhanced column chooser now has tick box options for hiding or displaying all possible columns, providing more flexibility and control.

Improved Grid Searching: Grid searches have been simplified with an in-header search option that is enabled under the System > User Interface > User Profile. Users can now click on the search icon at the top right of each column header to filter or highlight grid data instantly, eliminating the need for the find panel.

Menu Branding: Users can now choose a Reporting Default in the system parameters under UI > Menu Logo to display your selected logo as branding in the ribbon menu for all users, creating a personalised touch. If there are no reporting defaults defined, a default has been added with the FPM logo. New skins and palettes have also been added to further customise your experience.

Ribbon Menu Task Alerts: In the User Profile (System > User Interface > User Profile) there is an option to show any task failures as an alert in the ribbon menu as well as task completion after X number of seconds (default 30 seconds), ensuring that important tasks are promptly addressed. It has been turned on by default for all users but can be turned off individually under the user profile.

Please follow the below link for more information on the YTI Accrual - Portfolio Static UI Enhancement:

Portfolio Static YTI Configuration

SWAP User documentation will soon be uploaded to the FPM Documentation website.

For a comprehensive list of changes included in this release (2024.1.1), please refer to the release notes website.