month-end runs
Both Risk101 and Ozone3 work on monthly reporting periods
Whilst P&L is ‘fixed’ at the end of each day (which allows for intra-day P&L reporting), a complete mark-to-market run and profit cutoff is also done on the last trading day of each month.
In addition, the back-office and administration module allows you to book cash transactions such as admin-fees, overnight interest, etc. which allows you to reconcile all the way back to your bank statement on a daily basis, if you wish.
A full snapshot of each portfolio is saved as part of the end-of-month run. These numbers are then used as ‘anchors’ by both the contribution and performance attribution modules.
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.
Where managers trade multiple funds, the hierarchy allows you to examine the risk and performance of each individual manager, as well as that of the portfolio as a whole.