Account structure

In order to allow you to view your portfolio on an individual and aggregated basis, Canopy uses a hierarchy of accounts to ensure that this is possible.

There are 3 main types of accounts:

• Level 1 - Parent Account (which is your Username - i.e. DemoUser123)
• Level 2 - Child Accounts (the different banks associated with your Username - i.e. DemoUser123>UBS)
• Level 3 - Currency Accounts (the different currency accounts held at the relevant Child Account - i.e. DemoUser123>UBS>GBP, - i.e. DemoUser123>UBS>USD etc)

Setting up your accounts

To setup your accounts your will need to access the Accounts Page. To do so click on User Accounts > Accounts > Add Child Account. Please then proceed to fill out the requirements for that Child Account. Once completed, please then proceed to fill out the Currency Account Requirements.

Please note that we may have already created some dummy accounts for you. These can be easily deleted by accessing User Accounts > CCY Accounts > Delete Accounts. Alternatively, your can deactivate an entire Child Account by going to User Accounts > Accounts > Deactivate.

Further details

For a more detailed walkthrough, please refer to the following guide here.

Opening balances

If you have an existing portfolio, you will need to upload your opening positions. To do this Canopy has a special Transaction Type called "Inflow", or "Transfer In". This will allow you to establish your opening positions without Canopy implying the associated cash movement (i.e. "Transfer In" would result in an Asset entry only. "Buy" would result in a debit to your Asset, and credit to your Cash)

Adding transactions

One you have input your opening balances for your investments and cash, you can build on this by adding further transactions as necessary.

How to upload

There are two main ways to upload data into Canopy:

Simple Transaction (Data Upload > Simple Transaction)

This is the easiest way to upload your information. To enter a transaction, please click on the appropriate tab to access the different transaction categories. The system will guide your through the requirements.

More information can be found here

Canopy UL File Upload (Date Upload > Canopy UL File Upload)

This method allows users to bulk upload their investments using the Canopy UL template. To utilize this method please first download the required templates using the "Download Templates" function. The most useful template is the "Create Transactions" template. It contains some sample transactions, and a cheat-sheet for your reference. Once the template has been completed, please upload the template by clicking "Browse" and then "Send". Canopy Engine will then read the template and conduct several validation checks for you.

More information can be found here

Further details

• Simple Transaction Feature (recommended when creating only a few transactions)
• Canopy Universal Language (recommended for creating mass transactions).

Listed securities

For listed securities, the price will automatically be updated using Bloomberg at the end of the market close in the USA. If you could like to override the Bloomberg price, it can be done following the same steps as that for the price update on private securities.

Private securities

If you have manually created a security (Learn how here), you will want to update its price from time-to-time. This can be done via the Securities > Security Prices tab. Simply search for your security and "Add Security Prices" and select "Customer" as the Source Type for the new price. If you have a lot of private security prices to update, your may want to use the Create Price template that is available as part of the Canopy UL Template pack (Date Upload > Canopy UL File Upload > Download Template).

Further details

More information on prices can be found here (simple update) and here (bulk updates).

Your investments will be valued at the last price recorded in Canopy.

Running this calculation populates the Canopy Visualizer with the latest data entered in to Canopy Engine.

When to run the calculator

The NAV should be Run after you have performed: 

• uploaded transactions.
• edited existing transactions.
• deleted a transaction.
• amend/add/remove any prices for securities in your portfolio.

To run the NAV calculation please go to Net Asset Value > NAV Calculation and select the appropriate date range (or select "Full Period Processing" to run the calculations from the beginning of your portfolio - though this may time extra time).

Further details

Further information about NAV can be found here.