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Position Manager: Automated Daily Reconcilement
The FUNDLinx Position Manager module provides fully automated daily position reconcilement for both fully disclosed and omnibus mutual fund accounts. The module compares reported positions, analyzes variances, determines outstanding items, categorizes the nature of the reconciling items, and then assigns a reconciliation status based on the results. Position Manager tracks and ages all timing differences, freeing reconciliation administrators to focus on accounts that are truly out of balance, saving companies time and money.
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Reconcilement to Internal and External Sources: Position Manager electronically and simultaneously reconciles customer account positions maintained in its internal trade blotter against both the positions reported from one or more customer account source systems and the positions reported from the asset managers.
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Omnibus or Fully Disclosed Reconcilement: Position Manager reconciles all fund accounts regardless of registration status (omnibus or fully disclosed). The module tracks pending transactions regardless of processing method (electronic or manual). Position Manager also tracks all sub-account transaction activity, which greatly simplifies omnibus reconciliation and data posting.
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Elimination of "Ghost Chasing": Position Manager allows reconciliation administrators to focus only on true out-of-balance conditions by tracking and aging pending and unsettled transaction activity. By maintaining fund position updating rules by CUSIP, unsettled trade activity (the "ghosts") can be accurately accounted for and Position Manager can assign a balanced status to accounts that would normally require research in a traditional break-reporting system.
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