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Intra-month Mode Impact on ENTITY_RANGE_DETAILS

Inception date logic is also applied in Monthly Mode, whereas Approved records are not committed to ENTITY_RANGE_DETAILS if the Start Date corresponds to a date that is prior to the Inception Date of the constituent.
For audit purposes, it is important to reiterate that although the Start Dates and Stop Dates always revert to the first of the month, you can view the true Effective Date of the approved record on the Approval report. Additionally, the Reason Code based comment functionality is designed to support auditing capabilities in Monthly Mode by adding an As of disclosure before the Start and/or Stop comments.

For example, the following figure shows the Reason Code based Start comment for an entity that was added to the composite as of 1/1/1980, but was Approved with an Effective Date of 1/4/1980.

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Manual Updates to Performance Composites

It is possible to manually update rules-based composites through the Performance Composite entity screen. Maintenance to manually remove/include a portfolio from a composite, edit the characteristics of the constituent entity, and/or edit the Start or Stop dates must be done through the Entities window directly. However, it is strongly recommended that all pending records be reconciled prior to manually updating the composite membership. Although this practice is not systematically prevented, a warning message, shown in the following figure, displays if a manual update is attempted on a composite entity that has records in Pending status.

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