Run Fund of Funds Pending Trades

Owned by Nancy Cohn (Deactivated)
Last updated: Apr 04, 2024 by Kinga Huszno
3 min read

In the Run Fund of Funds Pending Trades panel, you can create pending trades for funds that use a fund of funds allocation rule where you set NAV Price to Current. After you receive the current day market prices, you can use the Run Fund of Funds Pending Trades panel to create pending trades.

If prices are missing from new securities, the system uses the trade price. You can rerun pending trades if the cash flow has changed, causing the amount of allocation to each underlying fund to change. The system creates an error message to prevent you from accidentally rerunning trades unless you change the Rerun Pending Trades field value to Yes. Re-executing pending trades does not delete the previously created trades.

This panel is intended for use by clients that process fund of funds allocations and set the allocation rule's NAV Price option to Current. In that case, submitting the Post Fund of Funds Allocation panel posts the allocations but does not create pending trades. After you receive current day prices, you can use the Run Fund of Funds Pending Trades panel to create pending trades.

To run fund of funds pending trades: 

  1. In Accounting Center, in the left navigation pane, click Fund Accounting > Allocations > Run Fund of Funds Pending Trades.
    You see the Run Fund of Funds Pending Trades panel.

  2. In the Entity ID and Entity Name fields, specify the unique identifier or name of the master fund, or top-level fund.
    You must select a master fund with a fund of funds allocation rule assigned in the FOF Allocation Rule field at the entity level. When you select a value, the Fund of Fund Allocation Rule field appears, displaying the identifier of the selected entity's fund of fund allocation rule. 

  3. In the Valuation Date field, specify the valuation date for the entity. 

  4. In the Rerun Pending Trades list, indicate whether you want the ability to override a workflow manager error and generate pending trades when you rerun pending trades. You can rerun pending trades if the cash flow has changed, causing the amount of allocation to each underlying fund to change.
    Options include: 
    - Yes. If you created or released pending trades before running the fund of funds allocation process, the system allows you to generate pending trades. If the system alerts you with a workflow manager error that pending trades already exist or have been released, you can override the error and generate pending trades. 
    - No. Default. If you created or released pending trades before running the fund of funds allocation process, the system alerts you with a workflow manager error that pending trades already exist or have been released. You cannot override the error and generate pending trades. 

  5. Click Submit.

The system creates trades in a Pending status. Depending on your business needs, you can export the trades in a report format for review purposes, delete the pending trades, and have the accounting system receive the trades at a later time. Or if you choose, you can use Accounting Center to review and update the pending trades, and then manually release those trades to the STAR accounting engine after you review them. For more information, see List Pending Trades for Fund of Funds Allocations and View Loopbacks for Fund of Funds Pending Trades. You can also use the List Fund of Funds Allocation & Cash Flow panel to review the detailed results of the allocation process.