We are excited to present the most recent enhancements and features in the second release of the year. Below are the key highlights for your attention:

External Look through – our latest release introduces an enhancement to the look-through functionality, which allows users the ability to explode the underlying asset view of UT instruments. The look-through is also used by the compliance module to check exposures.

In this release, we have implemented new functionality related to underlying exposures. If a derivative instrument has an underlying instrument that is an index instrument on FPM, linked to a constituent weighting on FPM, users can opt to utilise the constituent weightings when performing the look-through. This option is accessible within the ‘Transactions | Enquire | Holdings | Holdings as at’ and the ‘Front Office | Compliance | Evaluation’ screens.

When flagged, FPM will utilise the weightings from the relevant constituent weightings to calculate the exposure attributed to each instrument comprising the index. Alternatively, if not flagged, FPM will default to using the ratios calculated during the external asset import process.

Compliance

The ‘Evaluation Conditions’ tab within the Compliance rule setup now offers additional options for incorporating standard checks, including:

• Percent of Exposure (Market Value)
• Percent of Effective Exposure
• Percent of Issued Nominal

The Compliance Active Breaches screen has been enhanced with new filtering capabilities. Users can now filter breaches based on portfolios, rule sets, evaluation dates and breach days, providing greater efficiency in managing compliance breaches.

Reference Priced Money Market Unit Trusts - when pricing a money market unit trust, the yield field on the price record of the reference priced MM UT Instruments will be automatically updated with the nominal yield from the Money Market Unit Trust Class. This eliminates the need to manually import the yield on the MM UT instrument each day, streamlining the process for increased efficiency.

FPM Queues – The client will now showcase Queue Statuses directly on the Message Interface Channels screen. Users can now conveniently restart the queues directly from the same screen, providing enhanced control and efficiency in managing queue operations.

Portfolio Analysis

A new 'Portfolio Structure' form has been added. This form is specifically tailored for managing changes to portfolio setup and does not include any enquiry features. Users can access the form using the shortcut ‘PS’ or through the Portfolio List UI as a menu item named 'Portfolio Structure'. Importantly, security permissions for this form remain unchanged from the old Portfolio Analysis form, ensuring a seamless transition for users without the need for any security adjustments.

Additionally, we’ve revamped the ‘Portfolio Anaylsis’ form, replacing it with customisable forms that users can configure to access more targeted information. These new enquiries are designed for daily analysis needs and do not include management features, which are catered for in the above ‘Portfolio Structure’ form.

Custom Enquiry Setup: The customisable forms are designed to enable users to merge relevant selected enquiries into a single form, which can be displayed as needed for a specific portfolio. To manage the customisation, users can navigate to the menu option 'System | User Interface | Screen Layouts | Portfolio Enquiries'. Users can add any number of custom enquiries, each featuring one or more tabs that display the same information as an enquiry accessible via the main menu.

Activating a Custom Enquiry: The Portfolio List UI shows all available enquiries in the new 'Enquiry' group in the navigation bar. Clicking on a link will display the custom enquiry corresponding to the selected portfolio.

The system now includes a default enquiry labelled ‘FPM Default’. This enquiry cannot be edited or removed by users.

The activation shortcut ‘P’ has been updated to function with the newly introduced custom portfolio enquiries. The standard shortcut ‘P PortfolioCode’ will activate the enquiry marked as the ‘FPM Default’. To activate a different enquiry, utilise the shortcut ‘P PortfolioCode, EnquiryCode’.

A new menu item 'Unitisation | Enquire | Analysis | Unit Class GL Net Income' has been added. This enquiry provides identical information to what was previously accessible in the Portfolio Analysis form.

The ‘Holdings As At' enquiry under 'Transactions | Enquiry | Holdings’ has been modified to show three tabs: Grid, Tree, and Charts. These tabs offer different views of the holdings data.

The Custom Portfolio Enquiries now feature a button on the right side of the header caption, allowing users to export all tabs into a single file. It’s important to note that the multi-page export operates differently from a single grid export and may result in slightly different excel formatting.

Please follow the below link for more information on the Portfolio Analysis changes:

Portfolio Analysis

For a comprehensive list of changes included in this release (2024.1.2), please refer to the release notes website.