GIPS Toolkit: Setup

1.Data Load Configuration. Complete the following tasks:

• Configure upstream systems to provide the data defined in the GIPS Toolkit Generic Interfaces section.
• If you are using Eagle Performance to calculate Performance returns, you do not need to load constituent returns going forward.
• Create an Entity Field Attribute based on the configuration that follows. (Later in this procedure, you add this field to the GIPS Disclosure Extension to ensure the proper load of disclosures to Data Mart.)

The Entity Field Attribute configuration follows:

Name – Entity ID (GIPS Disclosures)

Database – RULES

Table – ENTITY

Column – ENTITY_ID

Currency Process - <none>

Currency Type – Base Currency

Field Type – Character

Translation Code - <none>

Benchmark Definition – Profile Portfolio

2.Historic Data Load. After the upstream systems are configured to provide data, you need to load historical data. This might include performance data for constituents and benchmarks, historical composite membership, constituent and composite characteristics, benchmark assignments, and FX Rates.

3.Configure Business Calendar. If you have not already done so, you must configure the Eagle PACE (source 4) Business Calendar as follows. (You performed this step when you set up the Reporting Toolkit.)

• For every business day, select the Daily Flag ON (1).
• For every Friday, select the Weekly Flag ON (1). Do not select the weekend dates here; this is only the last day of the week.
• For every calendar month end, select the Monthly Flag ON (1). Do not select a non-calendar month end date as the month end.
• For every calendar quarter end, select the Quarterly Flag ON (1). Do not select a non-calendar quarter end date as the quarter end.
• For every calendar year end, select the Yearly Flag ON (1). Do not select a non-calendar year end date as the year end.

4. Create Performance Composites (ACOMs). Create ACOM entities to manage composite membership and calculate returns and statistics for GIPS compliance. Create one ACOM entity for each composite in the Firm.

The ACOMs membership can be managed manually or dynamically through the automated rules-based build process.

5.(Optional) Define Process to Build Composite Membership. Eagle allows you to maintain composite membership manually or automatically. While the following Eagle Performance tools are not part of the Performance Toolkit, be aware that they are available to support your overall GIPS workflow:

• You can use the Performance composite entity builder to define specific composite ownership rules for including portfolios in composites, such as minimum market value. After you define constituent membership rules and define composite benchmarks through a one-time setup process, you can use the composite entity builder on a regular basis to add and remove constituent portfolios from composites based on the rules defined for each composite.
• You can use the Composite Approval tool to review and approve or reject the assignments made for the composite. This tool simplifies the review and approval process of composites with a large volume of membership changes.
• The Composite Monitor helps you validate that your composites have the correct constituents defined for each period going back in time and allows you to produce standard auditor verification reports. You can perform validation activities before or after you calculate GIPS composite returns.

For detailed information, see the GIPS Composite Management Configuration Guide.

6. Create Entity LIST for Composites. If you have not done so already, create a LIST entity to manage the composites for the Firm. Create one LIST entity for all your GIPS composites.

The LIST entities can be dynamic or static.

7. (Optional) Define Process to Build Composite Membership. Eagle allows you to maintain composite membership manually or automatically. While the following Eagle Performance tools are not part of the Performance Toolkit, be aware that they are available to support your overall GIPS workflow:

• You can use the Performance composite entity builder to define specific composite ownership rules for including portfolios in composites, such as minimum market value. After you define constituent membership rules and define composite benchmarks through a one-time setup process, you can use the composite entity builder on a regular basis to add and remove constituent portfolios from composites based on the rules defined for each composite.
• You can use the Composite Approval tool to review and approve or reject the assignments made for the composite. This tool simplifies the review and approval process of composites with a large volume of membership changes.
• The Composite Monitor helps you validate that your composites have the correct constituents defined for each period going back in time and allows you to produce standard auditor verification reports. You can perform validation activities before or after you calculate GIPS composite returns.

For detailed information, see the GIPS Composite Management Configuration Guide.

8. Create Entity LIST for Composites. If you have not done so already, create a LIST entity to manage the composites for the Firm. Create one LIST entity for all your GIPS composites.

The LIST entities can be dynamic or static.