This page describes part 1 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 first part of the fund of funds allocation procedure, the system creates a fund of funds processing ID to associate with the entity and accounting date that it is processing. It does this to ensure that each time the system performs the process, it associates a unique identifier with each execution of the allocation process. If you already executed the process, this step deletes any existing data from each fund of funds allocation processing table (Each associated table has a history table). The system assigns a fund of funds processing ID for the run of the fund of funds allocation process.
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