Creating a Pooled Fund

Creating a new pooled fund involves working with several different e-docs. To create a pooled fund, proceed as follows:

  1. Create a Security record for the pooled security to be purchased by the endowments as part of the automated cash investment model. To create this record, use the ‘create new’ function after selecting Security from the Main menu, Lookup and Maintenance sub-menu, Endowments sub-menu group.

  2. Create the pooled fund control KEMID record. This KEMID will be used as an off-balance sheet holder of the pooled securities and the liability for the shares owned by the endowments. To create this record, use the ‘create new’ function after selecting KEMID from the Main menu, Lookup and Maintenance sub-menu, Endowments sub-menu group.

  3. Create the Pooled Fund Control record. Creating this record creates the pooled fund and provides the necessary defaults for the creation of transactions. To create this record, use the ‘create new’ function after selecting Pooled Fund Control from the Maintenance menu, Endowments sub-menu, Securities sub-menu group.

  4. Create the automated cash investment model that will generate the automated buys and sells of the pooled securities by the endowments. To create this record, use the ‘create new’ function after selecting Automated Cash Investment Model from the Maintenance menu, Endowments sub-menu, Securities sub-menu group.

  5.   Establish the pooled fund value per unit as of the last day of the month. To do so, use the ‘create new’ function after selecting Pooled Fund Value from the Maintenance menu, Endowments sub-menu, Securities sub-menu group.

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Pooled Fund Value