daily procedures
Risk101 allows for straight-through processing.
Deal capture can be done manually at the trading desk, or trades can be read in directly from either your PB’s portal or from Bloomberg.
(Trades can be up- and down-loaded electronically from/to your broker as well.)
Both products contain a wealth of daily reports, which can be generated by the user on a one-click basis, some of which are
- Brokerage per broker as well as VAT/GST reports
- Daily dealing reports and balance summaries
- Prime-broker/exchange reconciliations
- Automatic counterparty confirmation summaries
Portfolio P&L is ‘fixed’ at the end of each trading day, allowing intra-day P&L reporting.
Four-tiered account hierarchy
Both products have an inbuilt four-tiered portfolio or account hierarchy which can model every facet of your business, allowing users to drill up & down to suit management reporting needs.
Trades are always booked to the 4th, or lowest tier, enabling you to examine the risk and performance of each individual manager, as well as that of the portfolio as a whole.