FA Operations 1.6 - Release notes

Why?

When reconciling FA data with the information received from your custodian, you can choose to include positions missing from the source but present in the FA portfolios. Previously, to identify such positions in FA system, the reconciliation process relied on portfolio IDs or cash account numbers received from the custodian. However, in some cases, for example, when assets are transferred to a different custodian, custodians may stop including these identifiers in the data. To address this situation, we added an option to specify which portfolios in FA system have to be reconciled.

Who is this for?

This improvement is for the administrators and operations teams who handle reconciliation and set up the data sources.

Details

A new reconciliation option lets you choose the logic for including unmatched FA positions in the reconciliation. You can include:

You can find the new option in the data source settings.

Learn more: Set up data sources.

Why?

Reconciling with custodians who provide both cash and position data often requires different timing logic: positions are typically reconciled using settled balances, while cash may need to use unsettled (transaction-date) balances. Previously, FA already allowed you to choose using settled or unsettled balances – but this setting applied uniformly to both cash and positions. This meant that the users had to split files or set up duplicate data sources to match real-world reconciliation workflows. With this release, you can configure the use of settled or unsettled balances separately for cash and positions.

Who is this for?

This feature is for operations teams managing custodial reconciliation, especially when a single custodian provides both cash and position data that require different reconciliation settings for settled or unsettled balance.

Details

You can now independently configure how reconciliation is performed for cash and positions:

Learn more: Set up data sources.