This only concerns Authorised (non-Light) funds.
A definition as found in the ESMA documentation:
Unencumbered cash, i.e. a fund’s position in cash or cash-like securities not subject to legal claims by another party (e.g. from collateral pledges or securities lending activities)
Matterhorn automatically sets the Unencumbered Cash [185] field as the sum of all POSITION records with Sub-Asset Type [65] equal to “SEC_CSH_OTHC” (“Other cash and cash equivalents (excluding government securities)”).
It uses POSITION field “Net Asset Value”, so bank overdrafts are subtracted. If for a POSITION record the field “Net Asset Value” is not filled in, the POSITION field “Position value (Article 2 AIFMD)” is used.
If the sum ends up below zero, zero is reported.
Just overwrite our calculation by entering the Unencumbered Cash in our template on the PORTFOLIO_LIQUIDITY_PROFILE record (field 185).
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