You can group third party clients together to form a client composite by creating a parent-child relationship among client records. You can perform ISTAR reporting and refreshes at the client composite level once the relationship is established. After adding a client record to serve as the parent client, you relate the parent to multiple third party clients. The parent client is not directly associated with entities. The parent client exists to identify the members of the client composite, and each third party client is associated to an entity.
You can associate any number of child clients with a parent client record. And a given child client can be associated with multiple parent clients.
To form a Client Composite:
- Do one of the following:
- In Portfolio Data Center, in the left navigation pane, click Portfolio Desk > Accounting Portfolio Setup > Third Party Details > Create Third Party Relationship.
- In Accounting Center, in the left navigation pane, click Setup > Portfolio Setup > Third Party Details > Create Third Party Relationship.
You see the Create Third Party Relationship panel.
- Complete the options on the panel.
- Click Submit.
The system adds the parent-child relationship to the RULESDBO.CLIENT_RELATIONSHIPS table.
After you establish the parent-child relationship, you can:
- Submit reports at the parent client level, to create a client composite level report aggregating the values for all of the underlying clients.
- Refresh ISTAR at the parent client level, to refresh all of the underlying clients.
Create Third Party Relationship Panel Options
The following table describes the options required to associate a child third party client to the parent third party record.
Option | Description |
|---|---|
Lookup Third Party | |
Lookup Client Name | Specifies the name of the parent third party client. |
Lookup Client ID | Specifies the client identifier of the parent third party client. |
Lookup Client Type | Specifies the client type associated with the parent third party client. |
Lookup Entity | |
Entity Name | Do not use. |
Entity ID | Do not use. |
Lookup Third Party Contact | |
Lookup Company Name | Specifies the company name of the child third party client. |
Lookup Company | Specifies the company of the child third party client. |
Lookup Company Type | Specifies the company type associated with the specified child third party client. |
Add Third Party Relationship | |
Relationship Type | Specifies the relationship of the third party to the third party contact. Set to PARENT. Note: Values are maintained in the CODE_VALUES table under code category iRelation Type for source EAGLE PACE. If the value PARENT is not available as an option, you must add the code value for this category, to complete panel entry. |
Investment Team Code | Determines how to treat interportfolio transfers that occur between entities belonging to the same client composite, but different underlying clients Options include:
|
Start Date | Specifies the start date for the relationship. |
End Date | Specifies the end date for the relationship. |
Status Flag | Specifies the status of the relationship. Options include: Active and Inactive. Set to ACTIVE. Note: Values are maintained in the CODE_VALUES table under code category iCliStat Type for source EAGLE PACE. |
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