Overview
This guide explains how to set up and use the Investment Monitoring service within FundApps. By following these steps, you can enable parameterised rules and ensure your position files contain the necessary data for accurate exposure calculations.
What This Means
The Investment Monitoring service calculates exposure across various categories such as country, currency, and asset class. However, unlike our standard rules, these require specific user-defined parameters and, in most cases, a total net asset value to function as a denominator for calculations.
FundApps requires these manual implementation steps to align the rules with your specific business requirements. Because properties like TotalNetAssets (TNA) change daily, they must be provided within your position data to ensure exposure percentages are calculated accurately against the most current values.
Implementation Steps
To begin using the new rules, you must complete these four steps.
1. Enable the Parameterised Rule Folder
The Parameterised Rules rule folder must be enabled, just like any other rule folder, by navigating to the Portfolio & Entities screen. Once on this page, select the appropriate portfolio, then enable the rule folder in the Rule Assignments tab.
As a temporary solution, the FundApps team can ensure that any automated portfolio file uploads won’t overwrite the Parameterised Rule folder configuration.
2. Configure the Rule Parameters
Parameters for rule templates are set by uploading a configured CSV file. Locate the Custom Rule Configurations section within the Rule Assignments tab.
Click Set Up.
Select Download to get the parameter template.
Edit the template according to your business requirements, then upload it within the same pop-up window. The file name can be whatever you wish.
Once uploaded, the parameters you have set will be visible in the platform by selecting View Parameters.
Note: It is not possible to save parameters while a position file is currently uploading.
3. Add the TotalNetAssets Property
If you intend to use Country Exposure, Currency Exposure, or Asset Class Exposure rules, you must add the TotalNetAssets (TNA) property to your XML position file.
The TNA serves as the denominator for exposure calculations. This property must be added as an attribute within the <Portfolio> tag for each portfolio in your XML file.
Example of the TotalNetAssets property added to the Portfolio element of an XML file.
<Portfolios>
<Portfolio PortfolioId="13" TotalNetAssets="14000000">
<Asset AssetId="001A" AssetName="AssetOneA" InstrumentId="000001A" Quantity="50000.00" SFTType="Normal" HoldingType="Direct" MarketValueInInstrumentCurrency="4350000000" />
</Portfolio>
</Portfolios>
The Issuer Exposure - TSO rule does not require this property, as the exposure is calculated as a percentage of TotalSharesOutstanding.
4. Upload or Re-Run Your Position File
Once the parameters have been configured and the TNA property set (if needed), uploading a position file will then run all assets in the position file against the investment monitoring rules.
If no parameters are set, no results for the Entity/Portfolio rule template combination will be shown.
Any results triggered by the rules will appear in the new Investment Monitoring results list view, accessible from the Monitoring menu dropdown at the top of your environment.
Editing Parameters
Editing parameters requires re-uploading the parameter CSV template. Any upload will overwrite all current parameters, so you must ensure all are present in your upload.
You can download the current parameters from the UI. Once any edits are made, use the Edit button to re-upload them.
There is an audit trail of when and who made the latest changes to the parameters.