Management Companies

Management Companies or Manco's are the companies that provide and administer the Funds that a LISP invests into. One Manco can have many Funds under Management. The Mangement Companies need to be set up in Moorgate to allow us to map the transactions and confirmations correctly and to report on them.

Setup> Management Companies

Management Company Settings

Internal Manco Code: The Code used to identify the Manco uniquely in your Source System. There can be multiple of these because of mergers between Management Companies and legacy data

External Manco Code: The Code the Manco uses to identify itself

Match Variance: A tolerance applied to reconciliations. If the difference is less than the match variance for a Fund, the transactions can be reconciled and a balancing entry will be created. The match tolerance can be set at the Manco level and applied to all Funds linked to the Manco, or a specific tolerance can be applied to a single Fund. The specific Fund tolerance is always considered when matching

Import Tolerance: A tolerance applied to the Finswitch Confirmation File transactions imported. On Import Moorgate checks if the abs(Opening Balance - Previous Closing Balance) <=Import Tolerance and that the abs(Opening Balance + sum(Transactions) - Closing Balance) <= Import Tolerance. If either of these checks is false, the batch won't be imported and will appear on the Failed Confirmations Screen as an exception to be investigated.

Confirmation Source: Tells Moorgate where to import the Confirmation Data from. A Confirmation Import Definition (ie from your source system directly) or from Finswitch (from the Confirmation File imported daily)

Allow Manual Capture: If set to True, users may capture Confirmations manually. If set to False, they may only be imported