Create Funds

Organizing and Creating Funds

If a plan uses funds, then the funds must be set-up and associated to the plan.  This must be done prior to setting-up allocation structures, transactions or business rules that use the funds.  Funds are created at the plan level.   
 

Currently OIPA V9.1.0.0.0 supports the following type of funds. Fund types are listed in AsCode>AsCodeFundTypes.

TypeCode               Fund Type

02                           Variable Fund

                    01                           Fixed

                    05                           Non-Invest

The type of fund is important since the valuation calculation is different depending on the type of fund.  For example, if the fund is variable, then the current unit position is multiplied by the current unit price to establish a fund’s value.  

Basic Fund Tables

High Level Steps to Create Funds

1. Configure the FundScreen business rule.

2. Set-up Fund screen options.

3. Enter fund information.

Step 1: Configure the FundScreen Business Rule

Before entering funds, you need to configure the FundScreen business rule.  This rule allows you to configure fields that can be used when entering funds.  The fields configured are used when entering fund information and store custom information need by the business in the AsFundField table.  

Steps to Review FundScreen Business Rule Configuration

1. Navigate to the Global Rules Explorer.

2. Expand the Business Rules folder.

3. Expand the Screen folder.

4. Open the FundScreen folder.

5. Either create an override or use the global rule.

6. Right-click on the FundScreen.xml file and select Check-out.

7. Select the XML Source pane.

8. Configure <Field> elements for each field required.  Please see the V9 XML Configuration topic in this help system for a list of all elements, attributes and values needed for configuration.  View Common Elements | Field Elements.

9. Right-click on the FundScreen.xml file and select Check-In.  

Step 2:  Set-up Fund Screen options

When entering funds you will enter information via a wizard.  The fields are described below, along with an explanation of which ones can be updated and where to make the updates.  

Wizard Fields

• Company: Cannot update this field.  It is auto populated by the system.

• Plan: Cannot update this field.  It is auto populated by the system.

• Fund Name: The name of the fund being entered.

• Fund Type: Populated by AsCodeFundType.  You can add additional fund types.

• Effective Date: The date when the fund is effective and available for investors.

• Fund Status: Populated by AsCodeFundStatus.

• Removal Precedence: Optional integer field.

• Currency Code: Populated from AsCurrency in the Admin Explorer tab.

• Removal Method: Populated by AsCodeFundRemoval.

• Calendar Code: Populated by AsCodeCalendar.

Step 3: Entering Funds

1. Navigate to the Main Explorer.

2. Expand the Plans folder that the funds are to be associated with.

3. Right-click on the Funds folder and select Add New Fund.  The New Fund Wizard will appear.

4. Enter the fund information.

5. Select Finish.  If the Finish button is not enabled, you may be missing required fund information.  The Fund Detail pane opens for the new fund.

6. Enter any additional information at the bottom of the Fund Detail pane.

Funds are now available to be configured in allocations for transaction and business rule processing.