FundApps Control Rules

Overview

Warnings in FundApps occur when the FundApps Control Rules are triggered. The control rules trigger a single Warning result when assets are missing specific key properties and we have created these rules to keep track of assets where it might be difficult to provide accurate data. Rest assured, if any property is missing and therefore prevents a rule from running successfully, Unknown results will also be triggered

How the Control Rules Work

FundApps has five Control Rules active, related to missing Country, Currency, ISIN, Issuer or Market properties. Below is an example of the Country specific rule.

As seen from the above, assets that do not have a value provided for CountryOfIssue or CountryOfIncorporation, or assets that have a value of ?? provided will fall in scope of this rule and trigger a Warning result.

If it is not possible to provide CountryOfIncorporation for the asset, leaving the value blank or setting the value to ?? will capture the security in this rule.

The other Control Rules have a similar syntax. Either leaving the value blank, or providing the value below, will trigger the respective control rule.

Workflow

As with other Warning results, the Control Rules act as more of an alert than an actionable item (such as Breaches, Disclosures, and Unknowns). With that, there is no immediate action that needs to be taken.

However, it is important to note that assets missing key properties can become (or may already be) Unknowns in FundApps, which would require immediate action in order to avoid the possibility of missed disclosures.

Should anything still be unclear please feel free to send an email to support@fundapps.co or give us a quick shout and we'll be more than happy to help.