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September Release Overview
We’re pleased to share the newest enhancements included in our September release. Here are the key highlights for your attention.
Import Results Log (Multi-Tenancy)
Tenant users now have the ability to access the Import Results Log. To enable this feature, the necessary user permissions will need to be assigned to the tenant under the security group menu permissions. Additionally, a new ‘User’ selection filter has been introduced. If no specific user is chosen, then FPM will return results for all the tenant users in that specific tenant group.
Automated Imports (Multi-Tenancy)
Previously, all automated imports were processed by FPM under the default 'fpmsystem' user, which resulted in a visibility issue in multi-tenant setups. Imports can now be processed under individual tenant users, ensuring that import results remain tenant specific and are not shared across tenants. For the File Poller, if a filename contains a valid UserName, the file will now be imported as that user. In RabbitMQ, a new [UserName] tag can be included in the import message, allowing files to be imported as the specified user.
Replication Hybrid
The scrip reconciliation functionality has been enhanced to support Hybrid Portfolios. This enhancement enables Custodian reconciliation, a key aspect of maintaining effective oversight.
Compliance Rule sets (Multi Tenancy)
Tenants now have the ability to add rules to a Tenanted Rule Set.
Compliance
The FPM Compliance module has been updated to handle rules for funds with short positions on derivatives, where the underlying of that derivative is an index. In these cases, the fund must hold enough assets belonging to those indexes to offset the negative exposure. These assets are referred to as ‘backing assets' and can be held directly or indirectly via Unit Trust’s or other derivatives containing these assets. To enable this, a new evaluation condition, 'Asset-Backed Derivative Exposure', has been added to the Compliance Rule setup. This evaluation considers the full look-through holdings of the portfolio.
Front Office
When releasing and trading an order through the front office, the system parameter InstrumentClassesNotRequiringBroker can now be updated to specify whether a broker is required for certain instrument classes, UT, GENERICCOMPLEX,SBFUND, BOND and VCBOND.
CDM
The CDM Enquiry and CDM Report (CDM-Data) have been updated to use the usp_CDM_EntityData_Report. This change provides a more user-friendly display of data, enhancing usability. Additionally, the stored procedure has been updated to return IDs and codes of referenced entities, offering more detailed insights.
ASISA
When running the ASISA Instrument Static Data report for Total Return Swaps, the code for the equity leg’s reference priced underlying instrument will now appear in the Underlying Instrument field.
Additionally, both the ASISA Instrument Static Data and ASISA Portfolio Valuations reports will now display the parent instrument type as ‘Swap’ for all instruments linked to a swap, rather than showing the underlying instrument type.
Furthermore, interest from the underlying YTI payable leg of a Total Return swap, will now be classified as an expense, instead of income, in the ASISA Portfolio Valuations report.
Yield Price Calculator Enquiry
Calculation traces for duration, modified duration and convexity are now available within the Yield Price Calculator Enquiry, providing detailed insights into these key metrics.
For a comprehensive list of changes included in this release (2024.3.3), please refer to the release notes website.
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