Ex-ante costs and charges report
Ex-ante costs and charges report provides a breakdown of projected costs and charges, according to the ESMA classification:
One-off charges.
Ongoing charges.
Transaction charges.
Ancillary services.
Incidental costs.
Third-party payments and other costs.
Costs and charges are grouped by Investment services, Financial Instruments and Total costs and charges. In addition, the report shows the return of the portfolio (TWR) before and after projected costs and charges.
Configuration
Investment services costs must be configured for the portfolio (Portfolio window, Fees tab). The cost types are:
ONEOFF
ONGOING
TRCOSTS
SERVICESCOSTS
INCIDENTAL
Note that the report doesn't consider the cost categorization of portfolio cost types. It uses the cost type's type code in the Type field, which must match one of the above choices.
Financial instruments costs must be configured on the securities (Security window, Cost info tab):
If you are projecting against one or more transactions or trade orders, then the costs in those transactions/orders are taken into account as startup costs (if they are categorized into one of the ex-cost categories).
Generating the report
Ex-ante costs and charges report can be generated for:
A portfolio.
A model portfolio.
One or more transactions.
One or more trade orders.
You can generate a regular report with default parameters or specify the calculation parameters yourself:
Regular report uses parameters that are pre-configured in your FA system. For example, the default expected return is 8%, currency is EUR, and the rebate distribution ratio is 50% (how much of the rebate is paid out to the customer).
Report with specified calculation parameters lets you enter the expected return, investment amount, rebate details and currency. It is also the only option if you need to run the report against a model portfolio.
Generate a report for a portfolio
Regular report:
In FA Back, New → New report → select Costs - Ex-ante costs and charges, choose the portfolio, a date interval, and click Generate report.
In FA Back, Portfolios view, select the portfolio, click the printer icon in the top-right above the table, select Costs - Ex-ante costs and charges, enter a date interval, and click Generate report.
Report with specified calculation parameters:
In FA Back, Overview, right-click the target portfolio and choose Create report → Ex-ante report.
Generate a report for a model portfolio
Report with the specified calculation parameters:
In FA Back, Portfolios view, choose Create report → Ex-ante model portfolio report under the table.
In FA Back, Overview, right-click a contact, choose Create report → Ex-ante model portfolio report. Run the report this way if you want to include the contact name in the report header.
Generate a report for transactions and trade orders
Regular report:
In FA Back, Transactions or Trade orders view, select the transaction(s) or trade order(s), click the printer icon in the top-right above the table, select Costs - Ex-ante costs and charges, enter a date interval, and click on Generate report.
Report with specified calculation parameters:
In FA Back's Transactions or Trade orders view, select the target transaction(s) or trade order(s), choose Create report → Ex-ante report from under the table.
Date selection when generating the report
When specifying the report date period for a regular report, consider the following:
You must enter an end date.
If you enter both start date and end date, they are used as-is, rounded to full years. For example, entering the start date 2018-07-18, and end date 2019-07-18 results in a one-year projection.
If you enter only the end date, it is used as the start date, and values are projected two years ahead.
If you choose a period of less than one year, the report will project for one year.