We’re pleased to share the latest updates and enhancements included in our November release. This marks the final official monthly release for 2025. Below is a quick overview of what’s new:

BONDMTM file:

A new ‘Clean Price’ option has been added under the Yield Source section in Instrument Static. When enabled, the clean price from the import file will be used to calculate VCBOND market prices.

Front Office: Constituent Weightings

You can now select the ‘Spread Subset’ weighting type when creating benchmarks. This works like a Spread but lets you add or remove instruments. Base Weight shows the benchmark weight if the instrument is included; otherwise, it’s blank. Spread doesn’t need to sum to zero, and final weights don’t need to total 100%. When applied in a Modelling View, any remaining percentage is allocated to cash in the portfolio’s base currency. To exclude instruments completely, set the ‘Excluded’ flag.

Foreign Trade Exchange Rate Validation

Introduced a new non-editable system parameter: Transactions\Validate\Foreign Trade Exchange Rate Is Not One. When enabled, batch transactions are validated to ensure foreign trades do not have an exchange rate of 1 unless the currency is pegged.

New Alternate Code Types for Instruments and Portfolios

Added two new Alternate Code types: Custom Code A (CUSTOM_A) and Custom Code B (CUSTOM_B) for instruments and portfolios. These fields are available for client-specific use and are not used internally by FPM.

For a comprehensive list of changes included in this release (2025.4.2), please refer to the release notes website.