We’re pleased to introduce the newest enhancements and features in our October release. Here are the key highlights for your attention.

Hybrid Replication

FPM has been enhanced to support trade capture for Hybrid Portfolios through the Transaction Batch Manager. Tenants will submit populated import sheets to the third-party administrator, who will use the Transaction Batch Manager to import the data. This streamlines the process by bypassing the FPM Order workflow, enabling direct transaction generation. As a result, FPM functions as a seamless conduit between various systems.

The Hybrid Portfolio has been enhanced to allow users to set a default Modelling Benchmark, which can be applied during Portfolio Modelling.

Compliance

A new Consistency Check Report, CC-235, titled "Look Through Funds more than % of the Portfolio Market Value," has been added. This report calculates the market value percentage of holdings with a maximum look-through level of 5. It supports compliance with Regulation 28 by identifying cases where Look Through Funds exceed 5% of the portfolio's market value. The tolerance is configurable and can be adjusted as needed, rather than being fixed at 5%.

Front Office

Nil Paid Letters can now be traded through the FIX protocol, enhancing automation and streamlining the trading process.

Swaps

Clients trading Swaps using ZARONIA instead of JIBAR can now utilise the Generic Complex instrument type as the swap’s child leg, allowing clients to calculate their own prices. It is essential to ensure that all relevant prices, particularly income prices on the settlement date, are available in FPM, as they are required for calculating the purchase and sold income components. If a price for the Generic Complex instrument is missing on the settlement date of a sale, an error will occur, since these prices are necessary for income calculations.

For a comprehensive list of changes included in this release (2024.4.1), please refer to the release notes website.

SWAP user documentation has been updated to include Generic Complex instrument: https://docs.fundamental.net/#/doc/58/derivative

Hybrid Replication user documentation has been uploaded to: https://docs.fundamental.net/#/doc/85/hybrid_replication