Reporting Release Notes - October 2013

Week Ending October 31, 2014

The enhancements and modifications below are available as of October 30, 2014.

Transaction Cost Analysis - Limited Release

A new Transaction Cost Analysis report has been added to the Reports menu in Account Management. Transaction Cost Analysis is a dynamic and interactive analysis of your trades marked to various benchmarks grouped in different categories or on a per-order basis. Transaction Cost Analysis applies to trades of any instrument type and is typically available ten minutes after a trade is executed.

Each executed trade in the period of the analysis is marked to a series of performance benchmarks with the results displayed in multiple interactive tables. You can drill down in a variety of categories, including trade date, order side, exchange, trade price and underlying, to see how each trade performed when compared to the benchmark. The performance of a trade is calculated by marking the trade price to each benchmark. A positive number indicates that the trade worked in your favor; a negative number indicates that the trade did not work in your favor.

Also included in the Transaction Cost Analysis is the Outlier Analysis, which shows an analysis of the Top and Bottom orders for each of the performance benchmarks. You can jump quickly to the Outlier Results from the link below the instructions at the top of the screen. You can also save a PDF file from your current view.

Transaction Cost Analysis is being released to a limited number of customers, with release to all customers to follow soon.

For more information about Transaction Cost Analysis, see the Transaction Cost Analysis topic in the Reporting Guide.

Activity Statement Updates

Activity Statements have been updated as follows:

In the Net Asset Value section, bond interest accruals are now included as part of the line item Interest Accruals and the Change in Interest Accurals line item in Change in NAV. This change applies to HTML- and PDF-formatted Default Statements, Default MTM Summary and Default Realized Summary statements and Activity Flex Queries.
Bond interest accruals are broken out per position is in the Open Positions section in Default Statements, Default Realized Summary statements and Activity Flex Queries, and in the Long and Short Open Position sections of Legacy statements. This change appears on HTML- and PDF-formatted statements.
In the Open Positions section in Default Statements and Default Realized Summary statements and in the Long and Short Open Position sections of Legacy statements, the Mult column for Bonds only will be replaced with the Accrued Int column for statements starting with report date Oct 29, 2014. This change appears on HTML- and PDF-formatted statements.

Week Ending October 10, 2014

The enhancements and modifications below are available as of October 9, 2014.

Activity Download Updates

The Activity Downloads page has been renamed. It is now called Third-Party Downloads and is accessible by clicking Reports > Activity > Third-Party Downloads in Account Management.

Excel Statement Format Moved to Activity Statements Page

Concurrent with the change described above, the option to download activity statements to Microsoft Excel format has been removed from the newly-renamed Third-Party Downloads page and is now a Format option on the Activity Statements page. This means that when you generate an activity statement on the Reports > Activity > Statements page, you can select MS Excel as the format, and the when the statement has been generated, you will be prompted to either view the statement or save the statement to your computer.

PortfolioAnalyst - MWR Performance Measure Enabled

Money-Weighted Return (MWR), a performance measure influenced by the time of decisions to contribute or withdraw funds, has been restored to PortfolioAnalyst. It had been removed from PortfolioAnalyst to allow for database enhancements. You can now choose between Time-Weighted Return (TWR) and Money-Weighted Return (MWR) when setting up PortfolioAnalyst reports.

Updates to Default Activity Statements

We have made the following changes to default activity statements Default, MTM Summary and Realized Summary, as described below.:

The Month & Year to Date Summary section is now a default section in the Default statement..
The Daily Conversion Rates section is now a default section in the Default statement but only for multi-currency statements.
The Change in Dividend Accruals and Interest Accruals sections are now default sections in the Default, MTM Summary and Realized Summary statements.
Dividend accruals have been removed from the Combined Dividends section in the Default, MTM Summary and Realized Summary statements.
Interest accruals have been rermoved from the Combined Interest section in the Default, MTM Summary and Realized Summary statements.
Change in Dividend Accruals and Change in Interest Accruals line items have been added to the Change in NAV portion of the Net Asset Value section of Default, MTM Summary and Realized Summary statements.
FX Translation has been added to the base currency portion of the Interest Accruals section in the Default statement.
The Codes section is now presented in multilple columns.

Week Ending October 3, 2014

The enhancements and modifications below are available as of October 1, 2014.

New Default Activity Statement

Beginning with this release, there is a new Default activity statement available in HTML or PDF format. The new Default statement replaces the Full Default statement and is available on the Activity Statement page in Account Management. The Full Default statement is still available but has been renamed to Legacy Full Default.

The new Default statement is based on our newer, simpler report design and features the following improvements:

It includes an updated Net Asset Value section with Change in NAV and Time-Weighted Rate of Return (similar to the Default Realized Summary statement).
The Open Positions section now combines long and short open positions, although you can choose to break this out into separate long and short available when creating customized statements.
Time-Weighted Return has been removed from the Mark-to-Market Performance Summary section.
Cash transfers have been removed from the Transfers section and are available in the Deposits & Withdrawals section.
The cash balance of base currency is included in the Forex Balances section with 0 P/L. When there is a single currency, the Forex Balances section does not appear.
Forex Realized and Unrealized P/L is included in the Realized and Unrealized Performance Summary
Combined Dividends, Deposits & Withdrawals, Fees and Interest sections are now broken out by currency and include a total in base currency when there are multiple currencies.
The Withholding Tax, Price Adjustments and Commissions Adjustments sections are now included in smaller, easier to read sections.

Concurrent with this change, the Default Simple and Default Summary statements have been renamed to Legacy Simple and Legacy Default.

Note that existing annual statements will continue to use the Legacy Full Default statement format, and default HTML-format monthly statements through August 2014 will also use the Legacy Full Default statement format.

Additionally, in the Customized Statement section of the Activity Statement page in Account Management, Default and Optional Sections have been expanded.

For complete field descriptions for the new Default statement, see the Report Reference section in the Reporting Guide.

To see sample Default statements, see Activity Statement Samples in the Reporting Guide.

Consolidated MTM Summary and Realized Summary Statements

Beginning with this release, you can now choose to view a Consolidated MTM Summary or Realized Summary statement if you have mulitple accounts. This option was previously unavailable for these default statements.