Funds

Funds are the what a client invests into via the LISP. A Management Company administers the Funds. Funds can only belong to one Management Company. A Fund can be linked to many different Products however

Setup>Funds

Fund Settings

Internal Fund Code: The Code to uniquely identify the Fund in your Source System

External Fund Code: The unique Fund code supplied by the ManCo. This is usually the JSE Fund Code

Reconciliation Type: Select either Units or Amount. This can only be configured when the Fund is added and then cannot be changed. Tell Moorgate whether reconciliation should happen on the Unit Value or the Amount Value

Default Price: This field only appears if the Reconciliation Type is set to Amount. It accepts a Fund Price in cents which is then used on all Add and Edit Confirmation Screens. The Fund price imported from Finswitch is ignored and the user will not be able to manually override this price

Match Variance: The tolerance to be used when Reconciling. If the unit or amount difference (depending on the Reconciliation type) is less than or equal to the tolerance, the reconciliation can happen and a balancing entry will be created for the difference

Currency: The currency the Fund trades in. Used primarily for Reporting

Max Foreign Percentage: The maximum percentage of the Fund that may be invested in Foreign Assets as per its mandate. In South Africa, Funds typically declare the actual investment percentages once a quarter

Max Local Equity Percentage: The maximum percentage of the Fund that may be invested in local equities (listed on the JSE) as per its mandate. In South Africa, Funds typically declare the actual investment percentages once a quarter

Max Foreign Equity Percentage: The maximum percentage of the Fund that may be invested in Foreign Equities as per its mandate. This percentage has to be less than or equal to the Max Foreign Percentage. In South Africa, Funds typically declare the actual investment percentages once a quarter