Holding Calculation

The holding calculation module is designed to calculate holdings for financial institutions  which do not provide electronic feeds of their trades and holdings. These holdings are estimated and are based on the best available information received.

1.Initial setup

The holding calculation module requires the following setup steps:

a)  Load initial holdings and have employees attest to the holdings

b)  Turn on the holding attestation configuration and configure which data sources the calculation logic will be applied to.

1.1Real-time Holding Calculation

Once the holding calculation logic has been turned on holdings calculation will be completed for an account each time a trade or dividend is received. This calculation will be real-time. Holdings calculation can result in the update of an existing holding or the creation of a new holding depending on whether an existing holding exists or not.

1.2Nightly Holding Update

On a nightly basis a holding calculation job will be run which will create the updated holdings for each account for the previous day.  

Notes:

For accounts that have been updated with trades and holdings for the first time holding  calculation will not be completed until the nightly holding update job has been run

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