Overview
To use the new rules, completing the following four steps is required.
Implementation 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. All portfolios/entities you wish to run the rules on must be enabled. 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 for the first time
Once the rule folder has been enabled, inside the Edit Portfolio/Entity view, Parameters for a rule template are set by downloading the parameter CSV for the given template, configuring the parameters and then uploading them for the given rule template.
Under the Rule Assignments tab, locate the Custom Rule Configurations section.
Click Set Up
Download the template.
Edit the template according to your business requirements and then upload the template within the same pop-up. The file name can be as you wish.
Once uploaded, the parameters you have set will be visible in the platform by selecting View Parameters.
Note: Parameters cannot be configured whilst a position file is uploading - you will be prevented from being able to save parameters during such a period.
3. Adding new TotalNetAssets property
If you wish to use the below rules:
Country Exposure
Currency Exposure
Asset Class Exposure
FundApps will require a new Portfolio property, TotalNetAssets (TNA), to be provided in the XML position file. The TotalNetAssets will be the denominator of the exposure calculation.
As this property changes daily, it will need to be added to the position file.
The Issuer Exposure - TSO rule does not require this property, as the exposure is calculated as a % of total shares outstanding.
4. Upload/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 show up in the results within the new Investment Monitoring results list view, accessible from the top banner in 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 via the UI, as per the screenshot below, make the edits you wish, and then re-upload via the Edit button.
There is an audit trail of when and who made the latest changes to the parameters.