Asset Level Validations

pControl Asset Level Validations automates the daily validation of fund or portfolio holdings, valuations, transactions and cash movements, ensuring that all portfolio positions are accurately validated prior to NAV release.

Validations can be enabled for total portfolio, account balances, holdings and transaction levels, where a comprehensive set of standard template checks ensure consistent validations across multiple portfolios. Clients maintain tolerances for each validation tailored to specific fund or market circumstances.

Asset Level Validations provides a highly configurable framework allowing standard checks to be performed and new checks to be added quickly and easily.

Features

  • Standard validations library includes total fund level checks for:
    • Stale price impacts
    • Liquidity
    • Gearing
  • Standard validations library includes holdings and valuation level checks for:
    • Zero cost, value, holding or market prices
    • Market value, capital value, accrued interest, cost and unrealised gains
    • Consistency of opening, closing and transacted units
    • Stale prices
    • Security return to benchmark
    • Over / under contribution impact.
  • Standard validations library includes transaction validation level checks for:
    • Transaction profit and loss impacts
    • Accrued interest impacts
    • Dividend and interest impacts
    • Transaction cancellations.
  • Standard validations library includes corporate actions level checks for:
    • Subscription rights and spin-offs
    • Splits and bonuses
    • Exchange of securities for securities.
  • Validations framework allows client specific checks to be configured easily.
  • Validation tolerances may be configured at portfolio, portfolio group or global levels.
  • Eliminates input and output errors through direct upload, aggregation and validation of data from multiple data sources.
  • Provides complete process transparency and control via drill-down user interface and dashboards.
  • Full audit trail of all asset level validation activity allows review by stakeholders and auditors.
  • Production Summary dashboard delivers progress monitoring of all validation 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

Asset Level Validations is fully integrated within the NAV Control end-to-end control framework.

The NAV Control 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.