Differences

This shows you the differences between two versions of the page.

--- administration:administration_related_account_setup [2024/06/04 20:40] – [Available Columns] rob
+++ administration:administration_related_account_setup [2024/06/10 11:45] (current) – rob
@@ Line 4: / Line 4: @@
 ====== Setup ======
-<color #ed1c24>Step 1</color>
+==== Step 1 ====
 To enable this feature, each account in the R-Account group will
-need to have a “Parent Account” name applied to it. Note: this “Parent
+need to have a “Related Account” name applied to it.
-Account” name is just a value that links accounts. It does not need to be a
+<WRAP center round info 100%>
+**Note:** this “Related Account” name is just a value that links accounts. It does not need to be a
 real account name or account number. If the group will be drawing its cash from
 a single account, it might be easiest to use that cash account as the value
 here, but it is not a requirement.
-{{:administration:racct_admin_setup_1.png|}}
+</WRAP>
+{{:administration:new_related_setup_stp1.png|}}
+==== Step 2 ====
-<color #ed1c24>Step 2</color>
 We recommend unchecking the box for “Risk Management Enabled” for
@@ Line 23: / Line 28: @@
 will turn off individual account cash limits, but all accounts that are part of
 an R-Account group will always have cash limits applied at the aggregate level.
-Note: individual account clip and position limits will still apply as
+<WRAP center round info 100%>
+**Note:** individual account clip and position limits will still apply as
 normal if desired.
+</WRAP>
-{{:administration:racct_admin_setup_2.png|}}
+{{:administration:new_related_setup_stp2.png|}}
 ====== Available Columns ======
 The latest version of the T4 frontend has several new columns that
 reflect the aggregate accounting values for accounts that are grouped. Click
-the properties button <color #ed1c24>(3)</color> in an Account Board and type “parent” <color #ed1c24>(4)</color> in the
+the properties button <color #ed1c24>(3)</color> in an Account Board and type “r-account” <color #ed1c24>(4)</color> in the
 search bar. You will see a list of R-Account columns that can be enabled. These
 will show the aggregate values for each account included in the R-Account
 group.
-{{:administration:racct_frontend_addcolumn.png|}}
+{{:administration:newracct_columns.png|}}
 ====== Account Board Overview ======
+In the screenshot below we have two accounts sharing cash via the
+R-Account feature. Account danger0 started the day with $100k and account
+danger1 started the day with $500k. In the red section of the image, notice
+that both accounts have the same “Related” chosen: Related Example. The Related
+Balance of $600k reflects the aggregate of the two individual account balances.
+Each subsequent Parent column similarly aggregates the corresponding individual
+account values.
+<WRAP center round info 100%>
+**Note:** the “Related” column does not necessarily relate to a real
+account that controls the individual accounts. It is simply the name of the
+group for risk aggregation purposes. The name must match exactly across all
+accounts in order for cash and risk values to be shared. However, the name can
+be set to an existing account name or number if desired.
+</WRAP>
+{{:administration:newracct_board.png|}}
+====== Check List ======
+<WRAP center round tip 100%>
+  * All the accounts need to be in the same firm.
+  * All accounts must be enabled or disabled. (Backoffice only will not work)
+  * There is no cross margining.
+  * All clip and position limits are per account.
+  * It is recommended that the risk modes are all the same. Byportfolio is preferred.
+</WRAP>
-{{:administration:racct_acctboard.png|}}