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TrustNet
Add-On Module Overview

Vanguard Interface

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FUNCTION:


  Vanguard offers a data feed functionality to its clients so that tedious manual efforts can be replaced by time-saving automation. The first step would be to make arrangements with Vanguard for you to have access to their FTP site.

The Vanguard staff will teach you how to download the files from the FTP site. The data files that they upload for you have a different name for every date. This provides flexibility so that you can process daily, weekly, monthly, or anywhere in between.

The TrustNet module includes two programs:
 
  • Vanguard Reconciliation. This program compares the positions from the Vanguard data feed with the positions in the TrustNet tax lot file. A report prints one line for each asset, showing both positions and the difference (if any). At the same time, the market prices for each asset are imported to the asset file and the price history file.
     
  • Import Vanguard Factors. This program pulls in the daily factors for the Vanguard funds that use daily accrual dividend calculations and stores them. A report prints the imported factors for easy review. At month-end, you will be ready to calculate dividends.
Configuration options in this module allow you to define:
  • the location of the Vanguard data files
  • specifications to identify Vanguard assets by Fund Family code, where-held code,  registration code, or any combination of the above

BENEFITS:

     The Vanguard Interface adds value to the core system by …


 
  • making it easy to do daily reconciliation. This strengthens your internal record-keeping and should earn you improved marks on your next audit.
     
  • saving time on daily factor entry. These 9-digit numbers are not fun to type in by hand. With a data feed, you never need to spend extra time double-checking your entry in order to insure accurate month-end calculations.
     
  • saving money on market pricing data (if available in the data feed). You can first import your Vanguard prices, then request only missing assets to be priced using the Remote Plus from FT Interactive.