Overview
Including index and ETF derivatives in Shareholding Disclosure requires additional constituent data that is often difficult to implement and source. See further information here.
If you provide FundApps with your own constituent weightings file, we match your holdings so that the engine can aggregate your position.
How BYOD Works
Clients can upload a constituent file with the relevant identifiers and weightings. We will add this information to your positions file to allow the engine to calculate your full exposure. See tech specs here.
The BYOD Constituent Data is extracted and added to the positions file, enriching the original position data with detailed constituent breakdowns.
Exposure Aggregation: This enhanced data allows the engine to combine any direct holdings of a particular issuer with indirect holdings through index constituents, providing complete exposure measurement to this specific issuer across positions. European Major and Short Selling Rules would be examples where this is relevant.
Example: EURO STOXX 50 and Siemens Exposure
Consider a portfolio containing:
A short derivative Siemens holding: -0.2% of ISIN: DE0007236101
A short derivative index exposure: Holdings in EURO STOXX 50 Index (EU0009658152)
How the System Works
Client’s Constituent Data File provides the following information. (Please see exact technical requirements here.)
The engine enriches the positions file with this data.
Indirect Exposure Calculation: The system calculates the client's indirect Siemens exposure through the EURO STOXX 50 position, based on Siemens' weighting in the index. See more information on this calculation here.
Total Exposure Aggregation within the result.
