Issue 7 6 June 2008
june already!
With such a busy last few months, it is hard to believe that the end of financial year is upon us once again. To remind you of some of the key end of financial year process within V-Wrap, we will be providing two webinars at the end of June.
We are pleased to announce new enhancements to V-Wrap which will help you manage portfolios more efficiently, and provide some feedback on the User Groups which many of you attended over the last month.
new! manage partial drps
New functionality is now available in V-Wrap to help you manage your client's Dividend Reinvestment Plans more efficiently. Specifically, this functionality allows you to:
- Select a partial DRP participation for a particular security
- Set a standard participation across all securities in a portfolio
- Exclude selected securities from the standard participation
- Set a cap on the DRP.
To select a partial DRP participation for a particular security:
- Select Dividend Reinvestment Details from the Trading Activity menu
- For each security, in the Percentage of Shares Participating type in the percentage of DRP to take as shares and press Save
- You will now see the portion of the DRP taken as income within the Income Screen, and the portfolio taken as shares on the Transaction screen.
To set a standard participation across all securities in a portfolio:
- Select Dividend Reinvestment Details from the Trading Activity menu
- Click Add
- Type an asterisk (*) in the Security Code field and click Save.
For further information on excluding selected securities or setting a cap on DRPs, you can download our Help Sheet for DRP Static Data.
new! incomplete tax parcel information
If you are loading a portfolio onto V-Wrap but are unsure of the cost information for some of the tax parcels, you can now load these parcels as a ‘No Cost Adjustment'. This will allow the portfolio to receive information for valuation and performance purposes, but will highlight the parcel as ‘No Cost' in the Unrealised and Realised CGT reports.
For information on how to:
- Add tax parcels with no cost base history
- Sell part of a ‘No Cost' tax parcel
- Manage corporate actions and ‘No Cost Adjustments'
- Add a sell transaction with no cost data
- Split tax lots
you can download our Help Sheet for No Cost Data.
new! fixed interest data capture
We are currently in the process of developing Fixed Interest functionality in V-Wrap. This is an ongoing development and you will see further enhancements in this area released throughout the rest of this year.
The first step in this development has now been released; enabling you to capture data on Fixed Interest securities including:
- Coupon Rate
- Payments per annum
- First payment month
- Interest accrued daily
These fields can be found when creating a Service and Personal Asset.
As this is the first step in an ongoing development, no other functions or screens will currently be impacted if these fields are populated.
We look forward to providing you with further updates on V-Wrap's Fixed Interest capability over the coming months.
webinar: preparing for end of financial year
As 30 June rapidly approaches, Scott Jackson will provide you with some tips on how you can prepare for end of financial year with V-Wrap.
This webinar will cover key year-end processes including:
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Daily roll forward lock
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Asset valuations - ex and cum prices
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How V-Wrap updates the tax component information
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How your business can manage and control tax component information
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Timing of information and reporting.
This webinar will be run on two dates:
Tuesday 24 June 10:00 - 10:30am Register Here
Wednesday 25 June 10:00 - 10:30am Register Here
Please note that each webinar will be restricted to the first 50 respondees. We will schedule another webinar on this topic if there is sufficient demand.
user group update
Thank you to all those who attended the User Group sessions during the last month. All sessions around the country were very well attended and some great discussion was had.
We received lots of good ideas and thank you to everyone for their feedback on V-Wrap and p-Desktop. We also received some good ideas on running the User Group sessions in the future and look forward to implementing these changes next time.
All ideas and suggestions are now being collated and reviewed to feed into our ongoing development plans. We look forward to providing you feedback on this, and information about new enhancements, in the next round of User Group sessions.
recent announcements
In case you missed the following announcements from Præmium, you can read them by clicking the links below:
- Merrill Lynch Equities selects Præmium (5 June 2008)
- Private Placement (26 May 2008)
- PPS Launches Order Management and Portfolio Review Tools (13 May 2008)
You can view ASX Announcements at any time by visiting our website.
in this issue...
- new! manage partial drps
- new! incomplete tax parcel information
- new! fixed interest data capture
- webinar: preparing for end of financial year
- user group update
- recent announcements
tip of the month
recalculating consolidated portfolios
When recalculating a consolidated portfolio please ensure all the underlying portfolios have been recalculated to the same date you are trying to recalculate the consolidated portfolio to.
You will not be able to recalculate the consolidated portfolio to a different date from the underlying portfolios, if there is a recalculation error on one of the underlying portfolios, or if one or more of the underlying portfolios have been recalculated to a different date.
You can check this on the Main Screen by searching for the underlying portfolio IDs and checking the As At Date.
Alternatively, by selecting the Edit button, next to the consolidated portfolio ID on the main screen, and then clicking on the Select accounts to be consolidated button, a list of all the underlying portfolios linked to the consolidated portfolio can be viewed. The As At Date can be checked to make sure all portfolios are recalculated to the same date.