Box Management

pControl Box Management automates the management of cash and shareholder positions within unit linked fund structures.

Box Management is fully integrated with Cash Allocation & Rebalancing and automatically generates unitised orders and cash flows to a Shareholder or Manager Box position.

Shareholder or manager boxes are created and allocated to individual funds or groups of funds, to act as an internal counterparty when matching assets to liabilities during the cash allocation and rebalancing process.  Standard product or client specific rules optimise cash flow to deliver an efficient investment process and asset liability matching.

Features

  • Allows manager boxes to be defined for individual funds, layers of a fund structure or an entire fund structure.
  • Box management methodologies support both bulking and netting over long and short positions.
  • Box management investment parameters include limits, positive and negative tolerance, minimum transaction amounts, minimum transaction percentages.
  • Box management methodologies or trading rules can be created and maintained by business users.
  • Un-realised and realised gain and loss accounting for each manager box position can be consolidated to total level for shareholder balance sheet and profit loss reporting.
  • Box Management is fully integrated with Cash Allocation & Rebalancing module, allowing for straight through processing or manual approval of manager box positions.
  • Support for direct general ledger updates to Life Company accounting platform.
  • Interfund Explorer provides a graphical display of the fund structure with navigation and drill down including the relationship between individual funds and manager boxes.
  • Full audit trail of all box management decisions and recording of detailed processing activity allows review by stakeholders and auditors.
  • Production Summary dashboard delivers progress monitoring of all cash allocation activities for each processing date.
  • Attention Status Monitor dashboard provides real-time exception monitoring for any activity with critical completion or Service Level Agreement deadlines.

Processing

Box Management is fully integrated within the Cash Allocation & Rebalancing end-to-end control framework.

The Cash Allocation & Rebalancing end-to-end control framework and standard process template delivers a known end-state with defined target metrics.  This simplifies client re-engineering decisions and ensures a predictable time-line to benefits.

Solutions

The Box Management capability is included within the following solutions: