We’re pleased to share the latest updates and enhancements included in our March release. Here’s a quick summary of what’s new:

BULK PRICING AUTOMATION – NEW PROGRESS REPORT

A new Bulk Pricing Progress Report has been introduced to provide visibility into the progress of bulk pricing operations.

Users can specify a particular process flow step (for example, the Post Pricing Consistency Check block) to determine how far each portfolio in the batch has processed.

The report checks the progress of all portfolios in the batch up to and including the specified step, highlighting any that have not successfully completed that stage.

It also displays the Last Processed Block, showing both the status of the selected pricing step and the last block that successfully completed.

This helps users quickly determine where the process stopped and assess whether all portfolios have progressed as expected through the workflow.

If required, the report can be configured to display only failures, allowing users to quickly identify batches or portfolios requiring attention before the full pricing cycle completes.

This enhancement complements the automated bulk pricing framework by offering transparent, configurable progress tracking, ensuring efficient oversight and early detection of issues during daily portfolio pricing.

PORTFOLIO STATIC ENQUIRY – YTI CONFIGURATION DETAILS

The Portfolio Static Data enquiry now includes fund-level YTI configuration fields.

Users can now view accrual methodology, discount treatment, CPI-linked instrument formulas, and related YTI attributes directly from the enquiry screen, eliminating the need to open each portfolio individually.

HOLDINGS ENQUIRY – COST PLUS ACCRUED INTEREST LOGIC

The Holdings Enquiry now applies smarter logic for Cost + Accrued Interest portfolios:

- Price Date suppression for these portfolios.

- Red highlighting removed for valuations correctly using cost-based pricing.

Improves visibility and accuracy for fund setups that rely solely on cost and accrued valuations.

CASH FLOW ORDERS – SUPPORT FOR EXCHANGE TRADED FUNDS (ETFs)

Cash Flow Orders can now generate instructions for instruments with class EXCHANGETRADEDFUND in addition to Unit Trusts.

This enables ETF cash flow allocations to be processed seamlessly, allowing clients to send broker instructions directly from FPM through customised reports.

SHADOWNAV PROCESS BLOCKS – FAIL ON ERROR

Day Process blocks for Copy Replicated Valuations now fail explicitly when an error occurs instead of passing as qualified.

This ensures users are alerted immediately to underlying valuation copy issues, allowing prompt correction.

SHADOW NAV RECONCILIATION DATA SOURCES

New data sources have been created for Shadow NAV Reconciliation Results, both at portfolio and instrument level.

This allows users to generate reconciliation result reports, create oversight metrics, and analyse exceptions such as tolerance breaches and admin differences through the FPM custom reporting framework.

TRANSACTION BATCH MANAGER – VALIDATION FOR CAPITAL GAINS DISTRIBUTIONS

FPM now validates unit trust distributions to ensure Capital Gains are only treated as income for Life Funds that are configured to do so.

This prevents misclassified transactions and improves consistency in distribution processing.

DISTRIBUTIONS – CORRECTED PAYOUT SETTLEMENT DATE LOGIC

Distribution processing for Money Market Unit Trusts has been refined to apply the Payout Settlement Date Offset correctly after the withdrawal transaction date.

The enhancement eliminates prior settlement date mismatches and improves accuracy and consistency in distribution payouts across portfolios.

CONSTITUENT WEIGHTINGS – ALLOW NEGATIVE VALUES

Support has been added for negative weightings in constituent and benchmark setups.

This allows modelling and benchmarks to correctly represent derivative exposures (short positions), ensuring accurate portfolio simulation and analysis for complex instrument types.

MODELLING ENHANCEMENTS – MODEL AGAINST EXPOSURE

Users can now model hedge fund portfolios against Exposure rather than Market Value.

This enables derivative positions to reflect true hedged exposure and supports short positions within benchmarks, improving modelling accuracy for complex funds.

ORDER INSTRUCTION NOTIFICATION PROCESS REDESIGN

The Order Instruction Notification process has been redesigned to provide greater transparency, auditability, and operational control over trading notifications generated from FPM.

Key improvements include:

- Comprehensive Audit Trail:

Every notification generated by the system, whether for Calastone, Finswitch, or direct broker instructions is now recorded within the database and linked to its originating order allocation.

- Separation of Preview and Commit Phases:

Notification reports can now be previewed without committing records to the database.

This enables users to review instruction details before officially sending or saving the notification.

- Unique Notification References for External Confirmation:

Notifications receive a unique reference identifier, enabling external trading platforms to use these references when confirming orders.

This can be used to facilitate confirmation of orders with external systems.

Outcome:

This redesign ensures that all sent notifications are fully auditable, and significantly reduces the risk of untracked or inconsistent order message generation across trading platforms.

CALASTONE PLATFORM – OPTIONAL ACCOUNT FIELDS

Trading Platform accounts for Calastone now allow optional fields for Agent Code, Commission Type, and Commission Rate.

This supports different client use cases.

TRADING PLATFORM INTEGRATION – FINSWITCH ENHANCEMENTS

The Finswitch integration has been extended to make trade processing more automated:

- FPM priced funds can now generate redemptions and subscriptions for unitholders by ingesting Finswitch Transaction Request (TR) files, automatically creating the related transactions within the Transaction Batch Manager.

- FPM can import and confirm trades from Finswitch Confirmation (CT) files, validating and posting them automatically once confirmed.

IMPORT PROCESS – WORKING COPY AUTO REFRESH FOR CLASSIFICATION IMPORTS

The import workflow for Classifications has been enhanced to automatically refresh the Working Copy once a new classification file is imported.

This ensures that updated classifications are immediately visible in FPM without manual refresh actions.

The improvement streamlines data maintenance for clients performing frequent classification updates.

IT3B REPORT FUNCTION UPGRADE – INSTRUMENT BREAKDOWN PARAMETER

The PO-IT3B report function now supports a new parameter to show Dividend Tax details per instrument.

This delivers more granular reporting for clients.

For a comprehensive list of changes included in this release (2026.1.2), please refer to the release notes website.