This section describes how to perform an entity build at a very high level.
To perform an Entity Build:
- Enable the Entity Build Engine on the PACE Server by accessing the PACE Manager (Choose the Configure button and access the General Tab).
- Choose the Build Type of Entity within the Import/Export Feed button in the Administrator during the setup of the Uploader schema.
This is chosen for POSITION uploads. This will indicate to the system that the existing composite, aggregate, and sub-portfolio entities should be updated with the new positions data, if applicable. - Create Entity Build type field attributes.
These fields are populated when the composite entity is built. These are located in the HOLDING database in the POSITION_DETAIL table. - This process involves defining Entity Build fields. Entity Build fields must be built for each field that may be used in a report.
For example:
A Quantity field is used in reports. How is this field calculated for a composite?
Create an Entity Build field called Quantity and define it as a Sum. When the Entity Build process is run, all of the Entity Build fields are calculated. The Quantity Entity Build field would sum the quantity fields from each of the portfolios within the composite to create a new number. When the Quantity field is added to the report, and a Composite entity is included in the report, it retrieves the information based on the value in that Quantity Entity Build field.In addition to Sum, Entity Build fields may also be calculated using an aggregation of Average or Weighted Average. The Sum aggregation is commonly used on fields such as Market Value, Quantity, Par Value, and Accrued Interest. The Weighted Average aggregation is commonly used on fields such as Cost Value, Rate and Yield. The Average aggregation is also available, although it is not widely used.
WRITERS NOTE: confirm If step 1 is still relevant and where it moved in GUI. Is this just about uploads?
Is step 2 above obsolete? Do we still use uploaders? Where in the GUI?
Are step 3 and 4 part of the same step?
Do we add step 5 called Run the Entity Build Process?
This doesn't mention the Entity Build Flag. It doesn't mention the Entity Build Mode of Process system parameter. It doesn't mention the inclusion rules for ACOMS, and probably leaves out benchmark tasks. Is this supposed to be generic, or was it written at a time when only composites were relevant?
Run the Entity Build Process
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| Name | Description | For More Information |
|---|---|---|
| Submit Build (Manual) | You can manually execute the entity build using the Submit Build option with an entity selected in Performance Center or Portfolio Data Center. | Use the Performance Composite Builder WRITERS NOTE: nothing exists for Aggregates and sub-portfolios |
| Entity Build (Uploader) | The entity build process can be kicked off as part of an Uploader by selecting the Entity Build option when defining the Uploader schema. | WRITERS NOTE: relevant now? |
| Scheduled Entity Build Event | You can schedule the process as an Entity Build event through the Define Event window in Automation Center. | Generate Data Using the Custom Index Entity Build |
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