FA Fund Management 1.20 - Release notes
Released: June 2025 as a part of Q2 2025 release
FA Fund Management 1.20 introduces improvements in account interest handling and provides you with tools to record certain assets and liabilities in a separate NAV section.
Recording certain fund’s assets and liabilities in separate section
Why?
Funds can have valuation factors that fund managers prefer to keep separate from regular assets and liabilities in the NAV calculation. Now, you can record these additional assets and liabilities in a dedicated section in NAV calculation. Recording these assets and liabilities helps you, for example:
Reflect the private placement restrictions. Since assets acquired through private placements can't be traded for some period, you can record their market value as a liability that reduces NAV. You can also modify the deducted amount iteratively over the period.
Maintain interest-bearing subscription accounts. You can deduct unexecuted subscription amounts from NAV by recording it as a liability. Account interest, on the other hand, will be accrued and included in the GAV calculation.
Offset external loans. You can balance an external loan with a non-cash liability entry to avoid incorrect inflation of NAV with the loan amount.
Handle expected market value rise. You can account for a pending market value rise of a fund's portfolio position by recording it as an asset that increases NAV.
Who is this for?
This feature is for fund managers who need to adjust the fund’s NAV with custom entries.
Details
You can now record assets and liabilities to reflect valuation factors:
Positive balances in accounts adds NAV value.
Negative balances in accounts reduces NAV value.
To record these assets and liabilities as a separate section in NAV calculation, create other accounts for these entries in FA Back and mark them with the “Exclude from GAV” tag.
Once the tags are in place, the assets and liabilities are handled respectively in the NAV calculation: negative account balances are deducted from NAV, positive account balances are added in NAV. The amounts appear in the Other assets and liabilities section of the fund’s NAV overview and in NAV reports.
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Learn more: Recording additional assets and liabilities, NAV formula, View NAV summary and NAV per share class.
Account interest
Account interest improvements are designed to reflect real-world banking scenarios more accurately and give you more control over how account interest is calculated, capitalized and reported.
Tracking earned and charged account interest
Why?
Banks often treat interest earned on positive balances and interest charged on negative balances differently. For example, overdraft interest may be capitalized monthly or shortly after it accrues, while interest on positive balances might only be credited annually. You can now configure fund accounts to reflect these bank-driven workflows accurately. This also ensures that interest is correctly calculated within NAV.
Who is this for?
This feature is for the users responsible for setting up, capitalizing and reporting account interest, especially if earned and charged interest need to be tracked and capitalized separately.
Details
The new account setting lets you set up fund accounts to capitalize earned and charged interest on different dates, using different transaction types. To treat earned and charged interest separately, you need to define transaction types for capitalization. You can choose to book the interest with:
Same transaction type – Continue using a single transaction type to capitalize earned and charged interest.
Different transaction types – Use one transaction type for positive accrued interest, and another for negative.
The interest capitalization is handled with a corporate action in FA Back – for details, refer to FA Back 3.27 - Release notes .
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Learn more: Create a fund.
Base instrument by account balance threshold
Why?
Some banks apply different base rates depending on the account balance. For example, amounts above a certain threshold may use a longer-term rate like 6-month EURIBOR, while lower balances use 3-month EURIBOR. Other cases include applying different base instruments for overdrafts and for positive account balance. Funds need to reflect this logic internally for accurate NAV calculation and interest reporting.
Who is this for?
This feature is for the users responsible for setting up, calculating and reporting account interest, especially if base rates vary by balance level.
Details
Previously, you could specify only one base instrument per account. Now, you can define multiple base instruments for different account balances. When you calculate NAV, accrued interest is calculated with the base instrument that is specified for the current account balance.
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Learn more: Create a fund.
Account interest based on today’s or yesterday’s balance
Why?
Different banks can calculate interest accrual based on the previous day’s balance (EOD) or on the current day’s balance. To ensure that the accrued interest shown in FA Fund Management matches the actual interest calculated by the bank, it’s important to set up the system’s calculation method accordingly.
Who is this for?
This feature is for users who need to calculate account interest based on the current day’s balance.
Details
Previously, FA system calculated account interest based on the previous day’s balance, and you couldn’t change this behaviour. Now, the new setting Calculate account interest based on is available Fund wizard, Accounts tab. You can choose one of the options:
Previous day’s balance – Calculate accrued interest based on the settled balance from the day before.
Current day’s balance – Calculate accrued interest based on the latest settled balance.
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Learn more: Create a fund.
Other improvements
Fund analysis view is moved under the newly added Fund reporting section in the left-side panel, to make the menu structure clearer.
Fixes
NAV overview
Rolling back the fees now correctly updates the calculation schedule.
Fixed an NAV rollback issue. The user was able to roll back more than one calculation at time. Now, you can only roll back one NAV calculation at time.
Fund wizard
Fixed an issue that prevented calculations when the income distribution and/or tax formula defined in the fund settings wasn’t copied to the portfolio’s fee formulas in FA Back. These formulas are now correctly displayed in the Fee tab of the portfolio in FA Back.
Fixed an issue where the share class decimals weren’t synced correctly between the shareclass settings and FA Back security’s block size.
APIs
Fixed an issue that orders weren’t rounded in transaction level calculation phase which lead to rounding difference with figures ExecutableSubscriptions and Executableredemptions. Within NAV acceptance ExecutableSubscriptions and Executableredemptions are updated in NAVcalculationDTO according actually executed units.