Last modified by Megan Kahl on 2023/05/22 23:50
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4 (% style="color:#2980b9; font-size:28px" %)**FINSWITCH REQUIREMENTS AND SETUP**
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9 (% style="color:#2980b9" %)**BY**
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14 [[image:Finswitch Requirements and Set Up Process (.Net)_html_8cba33b1e8c9fa24.gif||data-xwiki-image-style-alignment="center" height="128" width="463"]]
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18 (% style="color:#2980b9; font-size:22px" %)**TABLE OF CONTENTS**
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28 == (% style="color:#2980b9" %)**Finswitch Requirements & Setup**(%%) ==
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31 FinSwitch is a transaction switch linking to participants for Investment purposes. It acts as the gateway between the Client and the Asset Manager. Transactions are processed in Everest, which are then transmitted to the Asset Manager via the FinSwitch portal. FinSwitch also transmits files from the Asset Manager back into the Everest platform.
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33 (% style="color:#2980b9" %)**Contract**
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35 A contract between the Client and FinSwitch will need to be signed. The EBSphere contact at FinSwitch is Tasneem Gydien. Her contact number is 021 657 9385.
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38 (% style="color:#2980b9" %)**Web**
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40 Once the contract is in place, FinSwitch will provide the Client with log in details to the FinSwitch web portal.
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42 The Client will need to create two user accounts for EBSphere in the web portal.
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44 * The first account will be required to be a Normal User Account.
45 * The second account will be a Web Services User Account.
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47 The Client will load the Policies that will be used for transactions in the web application.
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50 (% style="color:#2980b9" %)**EBSphere**
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52 Once the contract is signed, EBSphere must be advised so that the interface can be set up for testing. The Client will need to provide the MancoCode to the EBSphere consultant. EBSphere will be required to load the MancoCode (txtMancoCode) in the Investment House (tblInvestmentHouse). The client will also need to specify the relevant Investment House to which the MancoCode must be linked.
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55 (% style="color:#2980b9" %)**Everest**
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57 The Client will be required to load specific codes in Everest. Below is a sample of some of the headings found in FinSwitch, on some of the reports, and will assist in loading the codes in Everest. Take special note of those highlighted in yellow.
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60 [[image:1654084669275-739.png||data-xwiki-image-style-alignment="center"]]
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63 * (% style="color:#2980b9" %)**Investment House Code:**
64 ** Go to Administration ­­[[image:1654084801393-751.png||height="19" width="20"]] Financial Settings [[image:1654084801393-751.png||height="19" width="20"]] Investment Houses and Products.
65 ** Ensure that the correct codes are loaded in the ‘Code’ field provided. These must comply with the Asset Manager and will be used to import the daily unit prices. This code can be found in the “Code” field and relates directly to the Asset Manager (MANCO). ​​​
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67 (% style="text-align:center" %)
68 [[image:1654084714169-768.png||data-xwiki-image-style-alignment="center"]]
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70 * (% style="color:#2980b9" %)**Policy Code:**
71 ** Select the Parent. Go to Client [[image:1654084801393-751.png||height="19" width="20"]] Investment Policies
72 ** Select the Policy you wish to update and scroll to the right. Ensure that the correct codes are loaded in the ‘Policy Code’ field provided. These must comply with the Asset Manager and can be found in the ‘ProductCode’ field. This code relates to the Parent in Everest.
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74 * (% style="color:#2980b9" %)**Account Number:**
75 ** Select the Parent. Go to Client ­­[[image:1654084801393-751.png||height="19" width="20"]] Investment Policies
76 ** Select the Policy you wish to update and scroll to the right. Ensure that the correct codes are loaded in the ‘Account Number’ field provided. These must comply with the Asset Manager and can be found in the ‘AccountNo’ field. This code relates to the Investment Policy Number.
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78 * (% style="color:#2980b9" %)**Investor Code:**
79 ** Select the Parent. Go to Client ­­­­[[image:1654084801393-751.png||height="19" width="20"]] Investment Policies
80 ** Select the Policy you wish to update and scroll to the right. Ensure that the correct codes are loaded in the ‘Investor Code’ field provided. These must comply with the Asset Manager and can be found in the ‘BulkedInvestorCode’ field. This code relates to the Asset Manager Investment Account for the specific Fund.
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83 [[image:1654084753046-260.png||data-xwiki-image-style-alignment="center" height="108" width="614"]]
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86 (% style="color:#2980b9" %)**Finswitch Codes terminology:**
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89 * (% style="color:#2980b9" %)**Product Code **(%%) This code relates to the Everest Parent but can be the same across parents depending on the Finswitch setup.  This is the Policy Code on the investment policy screen.
90 * (% style="color:#2980b9" %)**Account Number  **(%%) Account numbers as setup on Finswitch for each Everest Policy and is usually unique for each Everest policy  ID. This is the account number field on the policy in Everest
91 * (% style="color:#2980b9" %)**Bulked Investor Code **(%%) This is the EB manager code and can be same for all policies. This is the investor code field on the policies in  Everest.
92 * (% style="color:#2980b9" %)**ManCo code **(%%)** ** This is the code of the Manco you deal with on the policies and provided by Finswitch. This is loaded on the  “Investment Houses and Products” screen.
93 * (% style="color:#2980b9" %)**Fund Code **(%%) This is the Master Policy Code (product in market code). “Asset Managers Policies” screen
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98 == (% style="color:#2980b9" %)**Disclaimer and Copyright**(%%) ==
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101 (% style="color:#2980b9" %)**DISCLAIMER**
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103 Please note, whilst care is taken to illustrate numerous scenarios, it is impossible to detail all instances and therefore this document should merely serve as a guide for the purposes of demonstrating system functionality and conducting employee training.
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105 In accordance with the above paragraph, this training manual is published and distributed on the basis that EBSphere (Pty) Ltd is not responsible/accountable for any actions taken by users of information contained in this training manual nor for any error in or omission from this manual.
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107 EBSphere (Pty) Ltd does not accept any responsibility whatsoever for a misrepresentation performed by any person in respect of claims, losses or damage or any other matter, either direct or consequential arising out of or in relation to the use and reliance, whether wholly or partially, upon any information contained or products referred to in this manual.
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109 Further, the contents of this training manual are subject to change without any notice and further highlight the need for this training manual to serve only as a guide.
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113 (% style="color:#2980b9" %)**COPYRIGHT**
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115 This documentation and the software described in it is the exclusive property of EBSphere (Pty) Ltd. This manual or the software may not be copied in whole or part, without the express written consent of EBSphere (Pty) Ltd. Under the law, copying includes translating into another language or format.
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118 EBSphere (Pty) Limited
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120 P.O. Box 785803
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122 Sandton
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124 2146
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128 [[image:Finswitch Requirements and Set Up Process (.Net)_html_8cba33b1e8c9fa24.gif||data-xwiki-image-style-alignment="center" height="128" width="463"]]

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