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This page describes part 6 of 6 in the fund of funds allocation process. The process includes 1) creating fund of funds processing ID, 2) retrieving staging data, 3) processing reinvestment activity, 4) calculating cash flow, 5) calculating fund of funds allocations, and 6) generating pending trades. |
In the sixth part of the fund of funds allocation process, the system creates pending trades as the end result of the fund of funds allocation process. Pending transactions require further evaluation prior to processing by the STAR accounting engine.
When the system creates fund of funds trades, it uses the NAV Price option selected for the fund's fund of funds allocation rule, as described in Create Fund of Funds Allocation Rules. This election determines whether the system creates the resulting fund of fund trades using the prior or the current day security price. You can use the prior day security price only if you use the Security Level Target with Rebalance allocation method.
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- You can review the pending trades created by selecting a value of FOF_ALLOCATION for the Trade status field (tag 3720). For more information, see List Pending Trades for Fund of Funds Allocations.
- You can review the pending trades' loopbacks in the Global Processes workspace. For more information, see View Loopbacks for Fund of Funds Pending Trades.
- You can then evaluate pending transactions, update them as needed, and, optionally, manually release them for processing by the STAR accounting engine. For general information about working with pending transactions, see Manage Pending Trades.
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