Post Fund of Funds Allocations and Create Pending Trades
- Nancy Cohn (Deactivated)
You can post fund of funds allocations and create resulting pending trades. By default, if you base fund of funds trades on the prior day security price, this is a one-step process. However, if you base fund of funds trades on the current day security price, this is a two-step process.
Post Allocations and Create Trades Based on Prior Day Security Price
If you process a fund with the fund of funds allocation rule's NAV Price option set to Prior, you use the:
Post Fund of Funds Allocation panel to process fund of funds cash allocations and create pending trades. This is the regular, default, workflow.
Post Allocations and Create Trades Based on Current Day Security Price
If you process a fund with the fund of funds allocation rule's NAV Price option set to Current, you use a two-step process to process fund of funds cash allocations and create pending trades. You do so because the system can calculate the cash flow in the morning. However, it cannot process pending trades until you receive current day prices at the end of the day. You use:
Post Fund of Funds Allocation panel to process fund of funds cash allocations.
Run Fund of Funds Pending Trades panel to create pending trades.
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