Compliance

Smart can be used to conduct several compliance tests on each of your funds, saving time and ensuring adherence to guidelines. Smart’s compliance tests include both SEC Rule 2a-7 and internal policy compliance. Pass/fail results are provided in a printed report along with details of test results. Compliance functionality can be leveraged to run in either pre-trade or post-trade mode.

Smart’s comprehensive battery of tests includes portfolio maturity, quality, issuer/obligor diversification, enhancer diversification and liquidity. Smart discloses the components of non-compliance, enabling a prompt resolution. For 2a-7 compliance, Smart also provides additional exposure capacity (in both percentage and dollars) for the issuer/obligor diversification and enhancer diversification tests. Smart can also be customized for firm-specific compliance requirements.