0
Operations Exceptions
All clear
0
Risk Breaches
Within limits
0
System Health
All checks pass
0
Pending Approvals
None pending
—
Open Positions
Calculating
DAA Fund — SummaryDIGITAL ASSETS
| Strategy | Digital Assets Multi-Strat |
| Structure | OEIC IC · FSRA QIF |
| Administrator | Ascent Fund Services |
| Custodian | Zodia / Tungsten |
| Banks | ADCB · CUB · Cantor ✅ |
| ISIN | AE000A41V2U5 |
| Status | 🟢 Launched |
| 1st Dealing Date | 2 March 2026 |
Silea Fund — SummaryAI HEDGE FUND
| Strategy | AI-driven Futures / FX |
| Structure | OEIC IC · FSRA QIF |
| Administrator | Ascent Fund Services |
| Prime Broker | StoneX |
| ISIN A | AE000A41MNN3 |
| ISIN B | AE000A41PG02 |
| Status | 🟡 Pre-launch |
0
Active Counterparties
CDD Complete · 0 total
0
Pending Settlements
All clear
—
On-Time Rate (30d)
Target ≥98% · Min ≥95%
0
Confirmations Issued
Auto-issued at booking
0
Alerts
No alerts
🕐
|
|
|
|
MARKETS
BTC —
ETH —
USDT —
|
EUR/USD —
GBP/USD —
USD/AED —
|
S&P 500 —
SX5E —
Gold —
Brent —
NAV
NAVPS
Daily—
DD from HWM—
As of—
Status—
POSITIONS
LIQUIDITY — DAYS TO LIQUIDATE
CRYPTO NEWS via CoinDesk
ALLOCATION
RISK LIMITS
STRESS TESTS
CREDIT RISK / SETTLEMENTS
STABLECOIN RISK
STABLECOIN FLOWS & SUPPLY
RETURN METRICS via Analytics Service
VALUE AT RISK
ATTRIBUTION BY SLEEVE
No positions — book trades to begin
Positions are calculated automatically from the Trade Blotter. Each buy adds to your position; each sell reduces it. Average cost basis and unrealised P&L are computed in real time using live market prices.
Fund:
Prices: —
Sleeve (DAA):
Sleeve NAV Breakdown
Calculated Position Ledger (IBOR)
0 positions
| Sleeve | Asset | Type | Custodian | Settlement | Total Qty | Avg Cost (USD) | Cost Basis (USD) | Price (USD) | Mkt Value (USD) | Unr. P&L (USD) | P&L % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| No positions. Book trades to calculate positions automatically. | |||||||||||
| Total | — | — | — | ||||||||
Positions calculated from Trade Blotter using average cost method. Prices from CoinGecko (crypto) or manual entry (other). USD functional currency.
Sleeve Risk Metrics
Loading risk data...
Per-sleeve VaR, leverage, and concentration limits. BREACH = exceeds hard limit. AMBER = >80% of limit.
Asset Type Template — DAA Fund
| Asset Class | Examples | Custodian | Valuation |
|---|---|---|---|
| Stablecoins | USDT, USDC | BitGo / Zodia | Par (USD) |
| Crypto | BTC, ETH | BitGo / Zodia | Market (CoinGecko) |
| Tether Gold | XAUt | BitGo | Gold spot × 1 XAUt = 1 troy oz |
| External Funds / AMCs | 3rd party funds | Various | Latest NAV per share |
| Treasury Bills | UAE T-Bills | Custodian | Amortised cost / fair value |
| Cash (AED) | Bank balances | ADCB · CUB · Cantor | Par (AED) |
| Cash (USD) | Bank balances | Cantor · CUB | × 3.6725 → AED |
Silea Fund: Futures (mark-to-market daily via StoneX margin statements), FX (spot + forward), Cash (StoneX + bank)
USD 0
Realised P&L
All time
USD 0
Unrealised P&L
Current positions at live prices
USD 0
Total P&L
Realised + Unrealised
—
Return on Cost
Total P&L / Total Cost Basis
Filter:
|
Period:
Trading P&L AttributionAll Time
| Fund | Asset | Realised (USD) | Unrealised (USD) | Total P&L (USD) | Cost Basis | % Return |
|---|---|---|---|---|---|---|
| P&L will populate when trades are booked. | ||||||
| Total | — | — | — | — | — | |
USD functional · Realised P&L from closed trades (average cost method) · Unrealised P&L from live positions vs cost basis · Fund-level financials → Financials → Fund Financials
FX Rates (units per USD)
USD 1.0000
·
Update rates before entry · expressed as units of quote currency per 1 USD
New Trade Entry
— / —
Trade Blotter
0 trades
Tungsten Blotter Import
Drop a Tungsten Recon
.xlsx file (Trade Blotter sheet) or CSV export. Parsed rows are shown for review before booking.
📋 Trade Audit Trail
0 entries
✅ CLEAN
Cash Recon
1/6 funds reconciled
0
Cash Breaks
no breaks
0
Breaks — Positions
vs custodian statements
0
Breaks — NAV
vs Ascent (pre-launch)
Three-Way Cash Reconciliation
1/6 funds reconciled
📥 Enter External Balance (Bank Statement or Fund Admin)
📊 Cash Reconciliation Dashboard — All Funds
| Fund | Internal (PMS) | Bank Statement | Fund Admin | PMS vs Bank | PMS vs Admin | Bank vs Admin | Break Class | RAG |
|---|---|---|---|---|---|---|---|---|
| DAA | 500,000.00 | 500,000.00 | 500,000.00 | +0.00 | +0.00 | +0.00 | None | 🟢 Clean |
| SL | 0.00 | — | — | — | — | — | No activity | 🔵 Pending |
| RECO | 0.00 | — | — | — | — | — | No activity | 🔵 Pending |
| EDB | 0.00 | — | — | — | — | — | No activity | 🔵 Pending |
| GROWTH | 0.00 | — | — | — | — | — | No activity | 🔵 Pending |
| REEQ | 0.00 | — | — | — | — | — | No activity | 🔵 Pending |
🤖 Recon Agent Results
No agent run yet. Click "Run Recon Agent" or wait for post-close auto-run.
📋 External Balance Entries
| Fund | Source Type | Source | As-Of | Balance (USD) | Reference | |
|---|---|---|---|---|---|---|
| DAA | Bank Statement | Northern Trust | 2026-02-20 | USD 500,000.00 | NTI Statement 23-Feb-2026 · Period 2–20 Feb | |
| DAA | Custodian | Northern Trust | 2026-02-20 | USD 500,000.00 | Custodian cash confirmation · NTI AED 689828-20019 |
Three-way reconciliation: (1) Internal (PMS) balance auto-calculated from Cash Ledger, (2) Bank Statement balance auto-populated from imported statements (AED converted at 3.6725), (3) Fund Admin balance manually entered from Ascent reports. Breaks classified as: Timing (within T+2 of a trade), Fee Discrepancy (matches known fee), FX Difference (within ±0.01%), Unclassified (escalate to COO).
Bank Statement Import & Transaction Matching
0 statements
📥 Import Bank Statement
CSV: Parsed locally using bank column mappings. PDF / Image: Sent to AI (Claude) for extraction — parsed results shown for review before import. Supports: bank statements, balance confirmations, screenshots.
📋 Imported Bank Statements
Cash Recon — Exception Work Queue
0 exceptions
0
Open Breaks
—
0
Unmatched Txns
—
0
Aged >3 Days
—
0
Resolved Today
—
Exception-first queue aggregating fund-level cash breaks and unmatched bank statement transactions. Items ranked by materiality (USD absolute). SLA: same-day resolution for breaks >$100. Escalate via UAL.
Transaction Matching Results
0 items
| Bank Date | Bank Description | Bank USD | Int. Date | Int. Description | Int. USD | Variance | Match Type | Conf. | Status | Age | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No match results. Import a statement and click "⚡ Match" to run auto-matching. | ||||||||||||
Matching rules: Exact = same direction + same date + amount within $1, unambiguous (100% auto-matched); Exact (ambiguous) = multiple candidates, best pick (70% suggested); Date±3 = same direction + amount within $1 + date ±3 days (70% suggested); Amount±5% = same direction + amount within 5%, any date (50% suggested). Only unambiguous exact matches are auto-confirmed. All others require manual review or force match. Use checkboxes + 🔗 Force Match to combine multiple entries (e.g. subscription + wire fee → one bank entry).
Statement Transaction Detail
| # | Date | Description | Debit | Credit | Balance | Matched |
|---|---|---|---|---|---|---|
| Select a statement above to view raw transactions. | ||||||
StoneX Broker Reconciliation (Silea)
Not loaded
Position Reconciliation — Internal vs StoneX
| Metal | Prompt | Dir | PMS Lots | STX Lots | Diff | PMS Price | STX Price | Price Diff | PMS MTM | STX OTE | MTM Diff | Status |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Load a StoneX daily file and click Run Recon to compare positions. | ||||||||||||
PMS NAV
StoneX NLV
—
NLV Diff
—
StoneX IM
—
Excess/Deficit
—
Tolerance: Position lots = exact match. Settlement price = ±$0.50. MTM per position = ±$50. NLV = ±0.1%. Import StoneX CSV via IBOR page or AI Ops import.
OPEN
Today's Book
2026-03-01 · Awaiting close
0
Open Positions
DAA: 0 · Silea: 0
USD 500,000.00
Total Cash (USD)
DAA: 500,000.00 · Silea: 0.00
—
Last Close
No closes recorded
Daily Close
Book Open
Runs the full GL daily close engine: reverses prior-day accruals → recalculates positions → posts unrealised P&L, fee accruals, and incentive fee (all reversing) → validates TB and BS balance → snapshots NAV → creates IBOR record. Safe to re-run (idempotent).
Pre-Close Checklist
⬜ All trades booked & confirmed
✅ Cash ledger reconciled
⬜ Closing prices loaded
⬜ Fee accruals current
Settlement Ladder
Next 5 days
Cash Projection (next 5 business days)
USD 500,000.00
Current Cash
All funds
USD 500,000.00
2026-03-02
No settlements
USD 500,000.00
2026-03-03
No settlements
USD 500,000.00
2026-03-04
No settlements
USD 500,000.00
2026-03-05
No settlements
IBOR Position History
0 records
3-Way Reconciliation
Internal · Custodian · Administrator
Compare IBOR positions & cash against custodian statements and administrator records. Select an IBOR close date, then enter external figures for comparison.
Position Reconciliation
| Asset | IBOR Qty | Custodian Qty | Admin Qty | Diff | IBOR MV | Custodian MV | Admin MV | MV Diff | Status |
|---|---|---|---|---|---|---|---|---|---|
| Select a close date to load reconciliation. | |||||||||
Cash Reconciliation
| Bank / Account | IBOR Balance | Custodian / Bank Statement | Admin Records | Diff | Status |
|---|---|---|---|---|---|
| Select a close date to load cash reconciliation. | |||||
NAV Reconciliation
Tolerance: NAV per share ±0.01%. Position quantity: exact match. Market value: ±0.5%. Cash: ±USD 1.00. Breaks classified as: Timing, Pricing, Missing Entry, FX, Genuine Error.
Open Positions
—
Net Lots
—
Gross Exposure
—
Unrealised P&L
—
Margin Required
—
Approaching Prompt
—
Positions by Prompt Date
| Metal | Prompt Date | Dir | Lots | Tonnage | Avg Price | MTM Price | Unreal P&L | Cost Basis | Mkt Value | Days to Prompt | Status |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total | — | — | — | — | — | ||||||
Carry / Roll History
No carry/roll transactions recorded yet.
Prompt Date Calendar
Open positions will appear here grouped by prompt date.
Margin Monitor
No data
Initial Margin (SPAN)
—
Maintenance Margin
—
Excess / (Deficit)
—
Margin Utilisation
—
DCVM Net Balance
—
| Metal | Long Lots | Short Lots | Net Lots | Est. IM ($) | % of Total IM |
|---|---|---|---|---|---|
| Load StoneX daily file to populate margin data. | |||||
IM estimates are indicative only. Actual SPAN margin calculated by LME Clear. Margin call threshold: excess < 5% of IM. Source: StoneX daily equity summary.
—
Selected Period
—
Lock Status
Frozen NAV
Frozen NAVPS
Fund:
Period:
Period Lock Status
Pre-Close Checklist
| # | Check | Status | Detail |
|---|
Close History
| Period | Fund | Status | NAV | NAVPS | Mgmt Fee | Perf Fee | Locked At | Warnings |
|---|
Bank Account Register
| Fund | Bank | Account Type | Currency | Balance | USD Equiv | SSIs Captured | Status |
|---|---|---|---|---|---|---|---|
| DAA | Northern Trust (NTI) — AED Acct: 689828-20019 · SWIFT: CNORUS33 · via FAB (NBADAEAA) · IBAN: AE090354022003872532014 |
Subscription / Fiat | AED | — | — | 🟢 Confirmed | 🟢 Live · 28 Nov 2025 |
| DAA | Northern Trust (NTI) — USD Acct: 36630220010 · SWIFT: CNORUS33 · Fedwire ABA: 026001122 · CHIPS ABA: 0112 |
Subscription / Fiat | USD | — | — | 🟢 Confirmed | 🟢 Live · 14 Nov 2025 |
| DAA | ADCB — AED IBAN: AE340030014469928920001 · SWIFT: ADCBAEAA | Operating | AED | — | — | 🟢 Confirmed | 🟢 Live · Acct 14469928920001 |
| DAA | ADCB — USD IBAN: AE070030014469928920002 · SWIFT: ADCBAEAA | Operating | USD | — | — | 🟢 Confirmed | 🟢 Live · Acct 14469928920002 |
| DAA | Capital Union Bank (CUB) Acct: 8090771.1001 · SWIFT: CUBLBSNS · Nassau, Bahamas | Multi-currency | USD / EUR / CHF / GBP | — | — | 🟢 Confirmed | 🟢 Open · 20 Jan 2026 |
| DAA | CUB — AED via FAB FAB SWIFT: NBADAEAA · IBAN: AE170354031205783519001 · FFC: 8090771.1001 | AED Correspondent | AED | — | — | 🟢 Confirmed | 🟢 Open |
| DAA | Cantor / CF Secured, LLC FFC Acct: 32500794 · USD via BNY (ABA 021-000-018) · DTC 0794 · Euroclear 25488 | Prime / Custody | USD / EUR | — | — | 🟢 Confirmed | 🟢 Live 25 Feb |
| DAA | USDT — Subscription Receipt On-chain · USDT accepted at 1:1 per PPM · Sweep to Tether Wallet for deployment | Subscription / Crypto | USDT | — | — | — | 🟢 Live |
| DAA | Zand Bank | Pending | AED / USD | — | — | — | 🟡 Onboarding |
| SL | Northern Trust (NTI) — USD Acct: 356071-20010 · SWIFT: CNORUS33 · Fedwire ABA: 026001122 · CHIPS ABA: 0112 | Subscription / Fiat | USD | — | — | 🟢 Confirmed | 🟢 Live · 24 Oct 2025 |
| SL | StoneX (LME) Trading Acct: LME26525 · LONLME | Futures Margin | USD | — | — | 🟢 Confirmed | 🟢 Live · nil balance |
| SL | StoneX CES Seg (via BofA) SWIFT: IGLUGB2LTWS · USD via BofA NY (ABA 026009593 / Acct 6550361139) · GBP/EUR via BofA London (BOFAGB22) | Client Seg Settlement | 17 CCY | — | — | 🟢 Confirmed | 🟢 SSIs received 30 Sep 2025 |
✅ All bank SSIs captured: NT (DAA AED 689828-20019 + USD 36630220010, Silea USD 356071-20010), ADCB (AED + USD), CUB (multi-ccy + FAB AED), Cantor/CF Secured (USD + EUR + DTC + Euroclear), StoneX LME26525 + CES Seg (17 ccy via BofA). Tether.to Cantor bank setup guide also received.
Cash Transaction Ledger
1 transactions
Net Cash Movements
— · 0 transactions
💡 Internal Transfer — one form creates Transfer Out (gross) + Transfer In (net of wire fee). FX Conversion — one form creates sell-side + buy-side entries + auto-posts 2 journals through FX P&L (spread cost falls out automatically as net debit). Running balance calculated per bank account in chronological order.
Cash Flow Forecast — Next 30 Days
✅ Above threshold all 30 days
📅 Add Scheduled Cash Movement
📋 Scheduled Items
| Date | Description | Amount (USD) | Type |
|---|
📊 Daily Forecast (30 Days)
| Date | Opening (USD) | Inflows | Inflow $ | Outflows | Outflow $ | Closing (USD) | Alert |
|---|---|---|---|---|---|---|---|
| Click "Refresh Forecast" to generate | |||||||
⚠️ Threshold: Days with projected balance below USD 50,000 are flagged red — potential capital adequacy risk. Opening balance sourced from Cash Transaction Ledger. Scheduled items are committed/pipeline/contingent cash flows. Pipeline items are informational only.
FX Rates & Currency Ladder
| Currency Pair | Rate | Type | Source | Applied To |
|---|---|---|---|---|
| USD / AED | 3.6725 | Fixed peg | CBUAE (Central Bank UAE) | DAA Fund subscription · NT balance · all AED ↔ USD |
| USD / TRY | Monitor | Floating | Bloomberg / Refinitiv | Turkey entities (ring-fenced) |
| Functional currency | ✅ USD | Base + reporting | FSRA / Fund docs | DAA Fund, Silea Fund, all reporting |
| Board reporting currency | ✅ USD | Presentation | AED 3.6725 conversion | Board pack, MIS, investor statements |
Operational Risk — BitGo Custody Agreement Unsigned
Custody arrangement for digital assets at BitGo is not legally formalised. Sign agreement immediately (Nick Coombs, confirmed 24 Feb). No on-chain assets can be transferred until executed.Counterparty Risk — Ripple Onboarding Stalled >7 Days
KYC pack not received. Liquidity provider pipeline at risk. Escalate via alternative contact. Delay directly affects strategy deployment.Banking — 4 Banks Live (DAA) + 2 (Silea) · All SSIs Confirmed
DAA: NT (AED + USD) + ADCB (AED + USD) + CUB (multi-ccy) + Cantor/CF Secured (prime). Silea: NT (USD) + StoneX (LME + CES Seg 17 ccy). Zand onboarding (DAA).Loading...
Total AUM at Risk
—
Cash / AUM
USD 0
VaR (1-day, 95%)
Run VaR engine below
2
Hard Limit Breaches
0
Amber Warnings
Loading risk dashboard...
VaR Calculation Engine
Not run
💡 VaR uses daily price history from Supabase (365 days loaded). Prices auto-capture from CoinGecko during daily close. Parametric VaR uses variance-covariance with adjusted correlation (ρ=0.7 DAA, ρ=0.5 Silea). Historical simulation uses full-revaluation of portfolio under each historical scenario.
Real-Time Risk Engine
Auto-refresh OFF
Recalculates VaR, correlation, stress tests when positions or prices change.
Correlation Matrix
Not run
Select fund and click to compute pairwise correlations from price history.
Scenario Builder
User-defined stress tests
SHOCKS (asset + % change)
%
Backtesting Engine
Not run
Replays historical daily returns against current portfolio weights. Assumes static allocation (no rebalancing).
Liquidity Risk Model
Not run
Click a fund to compute per-position liquidity scores and portfolio-level liquidity-at-risk.
VaR Methodology & Risk ModelFSRA QIF compliant · ADGM Risk Framework
DAA Fund — Crypto VaR
| Primary method | Historical simulation (250-day rolling window) |
| Confidence level | 95% (1-day); 99% (reporting) |
| Data source | CoinGecko daily returns · Binance OHLCV |
| Stablecoin treatment | Peg deviation risk modelled separately; USDT/USDC haircut scenarios |
| Correlation assumption | Crypto assets treated as highly correlated in stress scenarios |
| Stress scenarios | LUNA/UST collapse (−50% stablecoin), Binance delisting event, exchange outage |
| Frequency | Daily · automated via Agent 07-risk-daily (AI Operations Plan) |
Silea Fund — Metals/Futures VaR
| Primary method | Parametric VaR (delta-normal) |
| Confidence level | 95% (1-day); 99% (reporting) |
| Data source | S&P Cap IQ LME official settlement (15-min delay) · manual close import |
| Futures treatment | Notional exposure at 3-month forward; roll risk modelled separately |
| Stress scenarios | LME Nickel short squeeze (Mar 2022 event), ±30% metals shock, margin call cascade |
| Frequency | Daily post-LME close (~17:00 London) · S&P Cap IQ feed |
⚙️ Automated risk calculation: when positions are booked in the Trade Blotter, Agent 07-risk-daily (n8n · Claude API) will run automatically at 08:00 GST, computing all limits above and flagging exceptions to the COO. Manual override available at any time. VaR models require minimum 30 days of position history before statistical output is reliable.
Risk Policy Referencev1.0 · Updated 27 Feb 2026
| Risk Policy | DAA_Fund_Risk_Management_Policy_v1_0.docx | SharePoint / 1125_DIGITAL ASSETS / Risk Management |
| Daily reports | Risk Management / Daily Reports | Agent 07 output · T+0 by 08:30 GST |
| Monthly reports | Risk Management / Monthly Reports | BD+3 monthly; Board pack by 25th |
| Board risk pack | Risk Management / Board Reports | Monthly · Included in MIS pack |
| ADGM FSRA obligation | GEN 3.3 (Risk Management Framework) | Periodic Fund Return · FSRA Sept 2025 update |
OTC Counterparty Limits — Live from RegisterPP Manual §8.1
Real-time NOP vs approved limits. Populated from Counterparty Register. 75% early warning = amber. >100% = red (trade blocked). Quarterly COO sign-off required.
| Counterparty | Agreement | KYC | Approved Limit | Net Open Position | Utilisation | RAG |
|---|
Limits are enforced in real time during trade booking (addTrade). If projected NOP exceeds approved limit, the trade is blocked with full breakdown. 75% threshold triggers proceed/cancel warning. See Counterparty Register for full KYC/CDD details.
Operational Risk Register27 Feb 2026 · 7 items
| # | Risk | Category | Likelihood | Impact | RAG | Owner | Mitigant / Action | Due |
|---|---|---|---|---|---|---|---|---|
| OPR-001 | BitGo agreement unsigned | Custody / Legal | Immediate | 🔴 Critical | 🔴 Open | Chris | Sign agreement immediately · Nick Coombs confirmed 24 Feb | OVERDUE |
| OPR-002 | Ripple KYC not submitted | Counterparty | High | 🔴 High | 🔴 Open | Chris | Escalate via alternative Ripple contact · 7+ days stalled | OVERDUE |
| OPR-003 | Bank diversification breach (<3 banks) | Liquidity / Operational | High | 🟡 Medium | 🔴 Open | Chris / Zayed | ADCB live · Activate Zand, BBK · all SSIs captured ✅ | 28 Feb |
| OPR-004 | Zodia — Zed access not completed | Operational | Medium | 🟡 Medium | 🟡 Open | Chris / Zed | Complete Zodia user access setup | 03 Mar |
| OPR-005 | All bank SSIs captured ✅ | Operational | Medium | 🟡 Medium | 🟡 Open | Zayed | Log SSIs received 25 Feb (Grant Goodman) to Cash register and infra sheet | 28 Feb |
| OPR-006 | Single prime broker — Silea (StoneX) | Counterparty | Low | 🔵 Low | 🔵 Monitor | Chris | Review when AUM > USD 5M. Consider Interactive Brokers as secondary. | On AUM trigger |
| OPR-007 | PMS lacks automated FSRA periodic fund return | Regulatory / Reporting | Low (near-term) | 🟡 Medium | 🔵 In Progress | Chris | AI Operations Plan Phase 3 — Agent 07 MIS pack includes FSRA return data. Manual export interim. | Q2 2026 |
New Journal Entry
Journal Ledger0 entries
Total USD: USD 0.00
Total AED: AED 0.00
📋 Journal Audit Trail
0 entries
General Ledger
0 entries
Trial Balance—
| Code | Account Name | Type | Debit | Credit | Net Balance | Lines |
|---|
Provider Sub-Ledger
—
| Provider | Total Debit | Total Credit | Net Balance | Entries | Top Account |
|---|
As-of date:
Fee ScheduleDAA Fund
| Fee / Expense | Annual Rate (USD) | Daily Rate | Days Accrued | Current Accrual (USD) | GL Debit | GL Credit | Status |
|---|
GL Accrual Entries—
| Date | Description | Debit | Credit | GL Acct | TxnId |
|---|
Prepayment Register—
| ID | Category | Description | Amount (USD) | Payment Date | Coverage | Daily Amort | Amortised | Remaining | % Done | Status |
|---|
Manual Accrual Entry
Post ad-hoc accruals (DR Expense / CR Liability)
USD functional · IFRS basis · As of: —
₿
DAA Fund · OEIC IC · FSRA QIF · Administrator: Ascent Fund Services · Status: Launched · 1st Dealing 2-Mar-2026
📅 As at:
DAA Fund — Income Statement02-Mar-2026 Inception
| Line Item | Daily | MTD | YTD | Notes |
|---|---|---|---|---|
| Income | ||||
| Realised Trading P&L | — | — | — | Closed positions — avg cost method |
| Unrealised Trading P&L | — | — | — | Open positions marked to market |
| FX Gain / (Loss) | — | — | — | Net of conversion spreads |
| Interest Income | — | — | — | Bank interest on cash balances |
| Total Income | — | — | — | |
| Fund Expenses | ||||
| Management Fee | — | 2.0% p.a. on AUM — expense to fund | ||
| Administration Fees (Ascent) | — | Borne by manco pre-launch | ||
| Custody Fees (Tungsten/BitGo) | — | Borne by manco pre-launch | ||
| Audit Fees (BDO) | — | Annual · accrued at year end | ||
| Legal Fees | — | PPM amendment ~USD 16-26K pending | ||
| Transaction Costs | — | Brokerage and settlement fees | ||
| Total Expenses | — | |||
| Net Income / (Loss) | — | — | — | Loading... |
DAA Fund — Balance SheetLive
| Loading fund financials... |
Investor Register & Holdings
1 investor
USD 500,000.00
Fund NAV
1
Investors
Subscription / Redemption Register0 transactions
📥 Record Subscription / Redemption
Total:
Total Investors
-
Adj Required
-
HWM Status
-
ADGM FSRA — Periodic Fund Return (GEN 3.3)
Auto-populated from PMS data. Review all fields before submission. Export to Excel for ADGM ePortal upload.
Periodic Fund Return — Data
Auto-populated
| Field | Value | Source / Notes |
|---|---|---|
| Loading... | ||
Auto-populated from PMS. Fields marked 🟡 require manual verification. Export CSV for ADGM ePortal. Deadline: BD+20 monthly, BD+25 quarterly.
✅
Production Platform — Fit for Purpose at Current Scale
X12 PMS is the production system for X12 Capital's fund operations. At current scale (2 funds, <$100M AUM, lean team), it delivers core fund accounting, daily close, and regulatory reporting without commercial licence fees. The system has real architectural limitations (see below) that would become blocking at larger scale, more funds, or with external investors requiring independent verification. The cost advantage is genuine today; the build-vs-buy decision should be revisited if AUM exceeds $250M or headcount exceeds 5.
8 / 10
Fund Accounting (GL)
62-account COA · IAS 21 multi-ccy · auto-journals · P&L/BS · period locks · provider sub-ledger
Gap: no multi-entity · no intercompany · no deferred tax · no multi-GAAP
Gap: no multi-entity · no intercompany · no deferred tax · no multi-GAAP
8 / 10
IBOR / Position Mgmt
Server-side daily close · 3-way recon · futures support · settlement T+n · multi-asset instrument master (15 types) · alias-based recon matching
Gap: batch-only (no real-time) · no corporate actions · limited exchange API feeds
Gap: batch-only (no real-time) · no corporate actions · limited exchange API feeds
8 / 10
Risk & Compliance
Parametric + HistSim VaR/CVaR · scenario builder · backtesting · correlation matrix · liquidity risk model · concentration limits · FSRA return · wallet screening
Gap: no real-time streaming risk · no automated KRI alerting · no stress test automation
Gap: no real-time streaming risk · no automated KRI alerting · no stress test automation
8 / 10
Ops & Infrastructure
Supabase Auth · WAL persistence (kvMutate) · optimistic concurrency · live sync · active users presence · append-only audit trail · 8 Edge Functions · health monitoring
Gap: no maker-checker workflow · no CI/CD pipeline · no workflow engine
Gap: no maker-checker workflow · no CI/CD pipeline · no workflow engine
Cost Comparison — In-House vs Commercial PMS
| Item | X12 PMS (Actual) | Enfusion (Est.) | Limina IMS (Est.) | Geneva / Advent (Est.) |
|---|---|---|---|---|
| Annual licence / SaaS | $0 | $50–80K | $39–70K | $80–150K |
| Implementation / onboarding | $0 | $20–40K | $10–20K | $50–100K |
| Ongoing development (Claude API + COO time) | ~$2K/yr | — | — | — |
| Supabase (DB + Edge Functions + Storage) | $25/mo | Included | Included | Included |
| Customisation / change requests | Same-day, free | Roadmap queue | $150–300/hr | $300–500/hr |
| COO time opportunity cost | Significant | Zero | Zero | Zero |
| Year 1 Total (cash cost) | ~$2.3K | $70–120K | $49–90K | $130–250K |
Commercial PMS pricing assumes sub-USD 100M AUM tier. Geneva/Advent pricing for small hedge fund implementations. COO time is a real cost not captured in cash comparison — estimated 400–600 hrs/yr on PMS development vs fund operations, investor relations, and business development.
What Commercial Systems Do Better — Honest Gaps
| Area | X12 PMS | Commercial (Enfusion / Limina / Geneva) | Impact |
|---|---|---|---|
| Data integrity | Supabase kvStore with write-ahead log (kvMutate), optimistic concurrency (version column), crash recovery. Append-only audit_log. No referential integrity between keys. | RDBMS with ACID transactions, foreign keys, row-level locking, point-in-time recovery. | MEDIUM — WAL + versioning mitigate crash/concurrency risks. No referential integrity remains a gap. Acceptable at current scale. |
| Real-time positions | Batch recalculation on page load or daily close. Risk engine auto-refreshes every 60s. No event-driven position updates. | Real-time IBOR with streaming market data, intraday P&L, instant trade reflection. | MEDIUM — acceptable for current arb strategy (small book). 60s risk refresh covers monitoring. Would block active trading desks. |
| Authentication & access | Supabase Auth (email/password) with user_roles table, RLS, session management. Active users presence. PIN auth as fallback. No SSO, no MFA. | OAuth2/OIDC, RBAC with granular permissions, SSO, MFA, audit-grade access logs. | MEDIUM — proper user identity now in place. SSO/MFA needed for institutional scale. |
| Corporate actions | No support. Manual journal entries required for dividends, splits, mergers, forks. | Automated corporate action processing with SWIFT/ISO messaging, predictive election. | MEDIUM — limited impact for crypto/stablecoin strategy. Critical gap if equities or bonds added. |
| Securities master | Multi-asset instrument master (15 types, 38+ instruments). Internal IDs, aliases for recon matching, type-specific specs. O(1) lookup. No automated reference data feeds yet. | CUSIP/ISIN/SEDOL linked. Bloomberg/Reuters identifiers. Automated reference data feeds. | LOW — centralised instrument data now in place. Alias matching resolves recon friction. Automated feeds (Bloomberg) would be nice-to-have. |
| Multi-user collaboration | Multi-user with Supabase Auth, optimistic concurrency (version conflicts), live sync polling, active users presence. No maker-checker workflows or approval chains. | Multi-user with maker-checker, 4-eye approval, concurrent access, conflict resolution. | LOW — concurrent access with conflict detection now in place. Maker-checker needed for institutional scale. |
| Regulatory reporting | FSRA PFR only. No Form PF, AIFMD Annex IV, CPO-PQR, or other jurisdiction support. | Multi-jurisdiction regulatory reporting with automated filing. AIFMD, Form PF, MiFID II. | LOW — ADGM/FSRA only jurisdiction today. Would need expansion for non-ADGM funds. |
| Investor portal | No external-facing investor access. Capital statements via manual export only. | White-labelled investor portal with NAV, statements, documents, K-1/tax reporting. | LOW — 4 investors currently. Manual statements sufficient. Would need portal at 20+ investors. |
Capability Matrix — Production Status (v5.10.2)
| Capability | Status | Detail | Version |
|---|---|---|---|
| Double-Entry General Ledger | 🟢 Production | 62-account fund COA · glPost() with DR=CR validation · auto-posting from trades, cash, accruals · period locks · provider sub-ledger · GL WorkTable with filtering/export | v5.9.0 |
| Multi-Currency GL (IAS 21) | 🟢 Production | Dual-amount posting (ccy/ccyDr/ccyCr/fxRate) · Currency Register (functional/pegged/stablecoin/floating) · daily FX revaluation · GL 6100/6200 · transaction-currency TB | v5.9.8 |
| Fund Financials (P&L + BS) | 🟢 Production | GL-driven via mapGLToFinancials() · per-bank cash · futures derivatives · FX P&L · settlement accounts · BS balance check · IFRS presentation · Daily/MTD/YTD KPI tiles | v5.9.4 |
| Server-Side Daily Close | 🟢 Production | 9-step close engine (Edge Function) · write-ahead log · immutable close_results · advisory lock · crash recovery · pre-flight validation gate · local fallback retained | v5.9.6 |
| Shadow NAV Engine | 🟢 Production | GL-driven NAV · HWM tracking · perf fee accrual · equalisation credits · NAVPS time series · Sharpe/Sortino · max drawdown · TWRR compounding | v5.9.4 |
| Fund Expense Accruals | 🟢 Production | Mgmt fee · admin · custody · audit · legal · prepayment amortisation · date-range smoothing · expense payment 3-way GL routing · provider tagging | v5.9.0 |
| Month-End / Year-End Close | 🟢 Production | Period locking · fee crystallisation · NAV materiality check on unlock · relock with delta capture · 6 halt checks + 2 warning checks | v5.9.0 |
| Cash & Banking | 🟢 Production | 10 cash sub-accounts · 3-way recon (PMS/Bank/Admin) · AI bank statement import (Claude vision) · multi-currency · manager advance (GL 2050) | v5.9.3 |
| Trade Lifecycle | 🟢 Production | Book · Amend · Cancel · Settle · Fail · dual-leg settlement (pay/receive bank) · wallet screening · T+n settlement accounting (GL 1450/2650) · OTC + futures | v5.9.2 |
| VaR / Risk Engine | 🟢 Production | Parametric + HistSim VaR · CVaR/ES · per-position risk contribution · scenario builder (custom + ADGM pre-built) · backtesting (equity curve, Sharpe/Sortino, max DD) · correlation matrix (30/60/90d) · liquidity risk model (5-tier, DTL) · margin utilisation · 60s auto-refresh | v5.9.8 |
| Investors & Shares Register | 🟢 Production | Subscription/redemption register · NAVPS-based pricing · AED/USD/USDT settlement · equalisation credits · capital accounts · multi-share-class (Silea A/B) | v5.8.0 |
| OTC Counterparty Management | 🟢 Production | KYC/CDD register · wallet whitelist · agreement tracking · settlement monitor · trade confirmations (<15 min SLA) · §6.8 KPI breach escalation | v5.2 |
| Silea Futures Engine | 🟢 Production | LME/COMEX contracts · prompt date calendar · margin monitor (IM/VM) · carry/roll booking · per-metal VaR · position ledger | v5.9.5 |
| FSRA Periodic Fund Return | 🟢 Production | Auto-populated from PMS data · GEN 3.3 compliant · manual fields flagged | v4.8 |
| AI Document Import | 🟢 Production | Bank statements + custodian positions via Claude vision (PDF/image → structured parse → review modal → import). Clipboard paste. CSV fallback. | v5.9.3 |
| Test Harness | 🟢 Production | 42 server-side tests (GL, positions, fees, daily close, pre-flight) + 8 client-side smoke tests (NAV=equity, hash chain, instrument resolution, WAL status). Server test runner button on System Checks page. | v5.10.0 |
| Health Monitoring & Backup | 🟢 Production | 9-check health function (TB balance, close freshness, price staleness, storage). Daily backup to Supabase Storage with 30-day retention. GL archiving >6mo. | v5.9.6 |
| On-Chain Explorer | 🟢 Production | Etherscan API · wallet balances · transaction history · gas tracker · token transfers | v5.0 |
| Tungsten Blotter Import | 🟢 Production | Drop xlsx → SheetJS parse → classify (custody transfers, gas fees, write-offs, OTC sells, capital contributions) → review modal with per-row checkboxes → auto-book trades + GL. Full UAL audit trail. | v5.10.2 |
| Investor Newsletter | 🟢 Production | Word export (docx-js, navy/gold A4 DXA) · PDF export · Print view · fund info table · strategy description · exposure table (USD '000s) · NAV waterfall · institutional disclaimer | v5.10.2 |
| NAV Data Architecture | 🟢 Production | Single source of truth (navHistory) · 4 stores consolidated · IBOR-compatible fields (totalCash, totalInvestments, positions[], accruedFees, closedBy) · backward-compatible adapter for IBOR page | v5.10.2 |
| Custodian API Feeds | 🟡 Pending | AI import (Claude vision) in production as interim. Direct API feeds (BitGo/Zodia REST) pending custody agreement execution. | Blocked |
| Supabase Auth & Multi-User | 🟢 Production | Email/password auth via Supabase Auth · user_roles table · RLS enforcement · session management with auto-refresh · optimistic concurrency (version column) · live sync polling (15s) · active users presence indicator · PIN auth retained as legacy fallback | v5.10.0 |
| Securities Master | 🟢 Production | Multi-asset instrument model (15 types) · 38 seeded instruments · O(1) lookup by id/symbol/alias/ISIN · recon alias matching · type-specific specs (futures, options, bonds, swaps, etc.) · Standing Data UI with CRUD · CSV export | v5.10.0 |
| Write-Ahead Log | 🟢 Production | kvMutate() wraps 6 critical accounting keys · mutation_log table (PENDING→COMMITTED) · FNV-1a checksums · crash recovery on init · version column for optimistic concurrency | v5.10.0 |
| Append-Only Audit Trail | 🟢 Production | UAL dual-persists to localStorage + Supabase audit_log table · RLS: INSERT+SELECT only (no UPDATE/DELETE) · SHA-256 hash chain · evidence export · userId/userEmail on all entries | v5.10.0 |
Architecture Strengths
| Total cost of ownership | ~$2.3K/yr cash cost vs $50–250K for commercial alternatives. No licence fees, no per-user charges, no AUM-based pricing. Genuine saving at current scale. |
| Customisation speed | New features deployed same-day. No vendor roadmap queue, no change request fees. Multi-currency GL engine built in a single session. Commercial vendors quote 4–12 weeks for comparable changes. |
| Complete fund accounting | 62-account COA, double-entry GL, auto-posting from all sub-ledgers, GL-driven financial statements, IAS 21 multi-currency, period locks, month-end close. Comparable to Tier 2 commercial offerings. |
| Server-side close engine | 9-step daily close via Edge Function with write-ahead log, pre-flight validation, and crash recovery. Not browser-dependent for critical GL mutations. |
| Purpose-built for digital assets | On-chain explorer, wallet screening, stablecoin accounting, crypto exchange integration, USDT subscription path. Most commercial PMS platforms treat crypto as an afterthought. |
| AI-native operations | Claude vision for document import (bank statements, custodian positions). n8n integration for automated workflows. No commercial PMS has equivalent AI document processing built in. |
Architecture Weaknesses — Known Risks
| kvStore persistence model | Still JSON blob storage, but now wrapped with write-ahead log (kvMutate), optimistic concurrency (version column), and crash recovery. Not full ACID, but crash-safe and conflict-aware. Remaining risk: no referential integrity between keys. |
| Single-developer dependency | COO is sole developer. No second pair of eyes on GL logic. No code review process. Bus factor = 1. Claude assists but cannot independently verify accounting correctness. |
| No CI/CD pipeline | Test harness exists (42 server + 8 client tests) with UI runner on System Checks page, but no automated CI/CD pipeline, no pre-commit hooks, no test-on-deploy gate. |
| Browser-dependent state | Position calculations, risk metrics, and some GL operations still run client-side. Browser crash during operation could lose in-flight state. Supabase mitigates but doesn't eliminate. |
| No maker-checker workflow | All operations are single-approval. No 4-eye principle for GL journals, trades, or NAV sign-off. Acceptable for lean team but would fail institutional due diligence. |
Build vs Buy Decision Framework
| Trigger | Threshold | Action | Current |
|---|---|---|---|
| AUM growth | > $250M | Evaluate Enfusion/Limina for IBOR. Consider PMS as shadow/operational system alongside commercial. | Below threshold |
| Team size | > 5 headcount | Multi-user concurrency now in place (Supabase Auth, optimistic concurrency, live sync). Maker-checker workflows needed at institutional scale. | Addressed (v5.10.0) |
| External audit requirement | BDO requests immutable audit trail | Append-only audit_log table with SHA-256 hash chain now in production. Evidence export function available. | Addressed (v5.10.0) |
| Asset class expansion | Equities, bonds, or structured products | Securities master + corporate actions engine needed. Evaluate Geneva/Advent if traditional assets > 30% NAV. | Not triggered |
| Investor count | > 20 investors | Investor portal needed. Evaluate white-label portal or build light SPA fed from Supabase exports. | Below threshold |
| Multi-jurisdiction | Non-ADGM fund launch | Regulatory reporting beyond FSRA needed. Evaluate commercial for multi-jurisdiction compliance. | Not triggered |
Codebase Statistics — v5.10.2
36,482
Total Lines
14 JS + 1 vendor + HTML + CSS + Edge Fns
649+
Functions
Client-side JS only
33
Pages
27 in sidebar nav
9
Edge Functions
Supabase Deno runtime
62
GL Accounts
8
Currencies
38+
Instruments
50
Automated Tests
42 server + 8 client
Roadmap to v6.0 — Architecture & Capability Targets
v6.0 represents the transition from "founder-built MVP at scale" to "institutional-grade platform". The roadmap is sequenced by dependency and business urgency. Target: Q3 2026.
| Phase | Workstream | Items | Why it matters | Est. Effort |
|---|---|---|---|---|
| Phase 1 Mar–Apr 2026 |
Silea Go-Live | H10 Multi-sleeve position engine · StoneX parser wiring · OM import path · H14 Incentive fee step-up (date-effective rates) · M15 Investor capital account statements | Silea launch is imminent. Fund can't go live without multi-sleeve positions, automated StoneX feed, and investor statements. | 3–4 weeks |
| Phase 2 Apr–May 2026 |
Operational Automation | M21 n8n SharePoint→PMS auto-import · Custodian API feeds (BitGo/Zodia REST) · M14 Dealing calendar enforcement · M18 Corporate actions register · M24 Full Elliptic API integration | Eliminate manual data entry. Custody agreements executing — API feeds become possible. Corporate actions needed before any token with dividends/forks. | 3–4 weeks |
| Phase 3 May–Jun 2026 |
Institutional Controls | Maker-checker workflow engine (trade/GL/NAV approval chains) · MFA via Supabase Auth · CI/CD pipeline (GitHub Actions → test gate → deploy) · H15 RMP v2.0 KRI engine with automated alerting | Board and institutional investors expect 4-eye principle. CI/CD prevents regressions. KRI alerting replaces manual monitoring. | 4–5 weeks |
| Phase 4 Jun–Jul 2026 |
Multi-Fund & Reporting | M19 Cross-fund consolidated exposure · M11 Look-through exposure · M16 Benchmark comparison · M17 FSRA PFR portal-compatible export · Investor portal SPA (light-theme dashboard from Supabase exports) | With 2 live funds, consolidated reporting becomes operational necessity. FSRA expects portal-format filing. Investor self-service reduces COO overhead. | 4–5 weeks |
| Phase 5 Jul–Aug 2026 |
Architecture Hardening | Migrate kvStore → proper Postgres tables (GL entries, trades, positions as rows, not JSON blobs) · referential integrity · full ACID transactions · event-sourced audit · connection pooling · read replicas | The single biggest architectural risk. kvStore with WAL is crash-safe but not truly relational. This migration enables all future scale. | 6–8 weeks |
v6.0 Target Scores vs Current
Fund Accounting
8 → 9
+multi-entity +intercompany
IBOR / Positions
8 → 9
+corp actions +API feeds
Risk & Compliance
8 → 9
+KRI engine +automated alerts
Ops & Infrastructure
8 → 9
+maker-checker +CI/CD +Postgres
Score of 10 requires multi-entity GL, SSO/MFA, maker-checker, CI/CD, relational DB, and investor portal — all achievable but not all needed before $250M AUM. The build-vs-buy trigger table above still applies. v6.0 targets 9/10 across all four pillars, which matches or exceeds Tier 2 commercial PMS platforms at this AUM band.
Live Intraday Prices
● LIVE
Updated 14:50:00 GST
Auto-refresh:
Digital Assets — Live
CoinGecko
CoinGecko · 14:50
USDT
$1.0000
-0.02% 24h
CoinGecko
USDC
$1.0000
+0.01% 24h
CoinGecko
BTC
$66,489.00
+3.96% 24h
CoinGecko
ETH
$1,983.79
+6.42% 24h
CoinGecko
XRP
$1.3700
+6.51% 24h
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SOL
$85.1400
+7.84% 24h
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BNB
$622.5200
+4.75% 24h
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XAUT
$5,316.74
-2.14% 24h
CoinGecko
FX Rates — Live
frankfurter.app
ECB · — · —
| Pair | Spot Rate | vs USD | Source | IFRS 13 |
|---|---|---|---|---|
| USD/AED UAE Dirham (pegged) |
— | CBUAE peg 3.6725 | frankfurter.app · ECB | L1 |
| EUR/USD Euro |
1.1805 | ECB reference | frankfurter.app · ECB | L1 |
| GBP/USD British Pound |
1.3471 | BoE | frankfurter.app · ECB | L1 |
| USD/TRY Turkish Lira |
43.9600 | Turkey ops | frankfurter.app · ECB | L1 |
| USD/CHF Swiss Franc |
0.7712 | Institutional ref | frankfurter.app · ECB | L1 |
Metals — LME Official Prices
S&P Cap IQ · 15-min delay
LME Official Settlement Prices are available via your S&P Capital IQ subscription with a 15-minute delay.
In Excel: use the Capital IQ Excel Add-in → CIQ function → ticker e.g.
LMCADS03 (Copper 3M), LMAHDS03 (Aluminium), LMZSDS03 (Zinc), LMNIDS03 (Nickel).
Alternatively, direct LME official close prices are available at lme.com/data after 17:00 London time each business day.
NAV-quality pricing requires same-day LME official settlement — import via the manual close panel below.
| Metal | Price Type | LME Cash ($/t) | LME 3M ($/t) | Primary Source | Cap IQ Ticker | IFRS 13 | Status |
|---|---|---|---|---|---|---|---|
| Copper (LME) | SETT | — | — | S&P Cap IQ / LME | LMCADS03 | L2 | 🟡 Manual import |
| Aluminium (LME) | SETT | — | — | S&P Cap IQ / LME | LMAHDS03 | L2 | 🟡 Manual import |
| Zinc (LME) | SETT | — | — | S&P Cap IQ / LME | LMZSDS03 | L2 | 🟡 Manual import |
| Nickel (LME) | SETT | — | — | S&P Cap IQ / LME | LMNIDS03 | L2 | 🟡 Manual import |
| Lead (LME) | SETT | — | — | S&P Cap IQ / LME | LMPBDS03 | L2 | 🟡 Manual import |
| Tin (LME) | SETT | — | — | S&P Cap IQ / LME | LMSNDS03 | L2 | 🟡 Manual import |
| Gold (spot) | FIX | — | N/A | LBMA PM Fix / S&P Cap IQ | XAUUSD | L1 | 🟡 Manual import |
| Silver (spot) | FIX | — | N/A | LBMA Fix / S&P Cap IQ | XAGUSD | L1 | 🟡 Manual import |
S&P Cap IQ Excel Add-in: =CIQ("LMCADS03","IQ_LAST_PRICE") for latest price. LME official settlement published ~17:00 London time. Import into Daily Close panel below for NAV-quality audit trail. Cap IQ prices carry 15-min delay — confirm against lme.com for official settlement.
Daily Closing Price Matrix
0 dates
| Date | Source | USDT | USDC | BTC | ETH | XRP | SOL | XAUT | AED/USD | EUR/USD | GBP/USD | TRY/USD | Cu $/t | Al $/t | Zn $/t | Au $/oz | Notes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No closing prices imported. Click "Import Closes" or "Snapshot Live Prices as Today's Close". | |||||||||||||||||
Captures current live prices as the official closing price for today. Review before confirming.
Manager Price Overrides
0 active
Override live/market prices for illiquid, OTC, or NAV-based positions. Overrides take priority over all other price sources (CoinGecko, Supabase, stablecoin defaults). Per Fund Accounting Rules §6.2, overrides stale for >5 days will be flagged amber.
| Asset | Override Price | Market Price | Reason | Set By | Set At | Age | Actions |
|---|---|---|---|---|---|---|---|
| No active overrides. Market prices used for all positions. | |||||||
Counterparty Register27 Feb 2026
| Counterparty | Type | Jurisdiction | Regulation | Relationship | KYC Status | Onboarding Status | Owner |
|---|---|---|---|---|---|---|---|
| Tether USDT issuer / OTC desk | OTC Liquidity | BVI / Offshore | — | Primary USDT seller | 🟡 In progress | 🟡 In progress | Chris |
| ARP Digital | OTC / Broker | UAE | VARA | UAE OTC desk | 🟢 Complete | 🟢 Live | Chris |
| ATME | Exchange / OTC | UAE | VARA | Exchange access | 🟢 Complete | 🟢 Live | Chris |
| Falcon X | OTC Prime | USA | SEC/CFTC | OTC execution | 🟡 In progress | 🟡 In progress | Chris |
| Cumberland DRW subsidiary | OTC Liquidity | USA | CFTC | Deep USD/USDT liquidity | 🟡 In progress | 🟡 In progress | Chris |
| Blockfills | OTC / Algo | USA | CFTC | Algorithmic OTC | 🟡 In progress | 🟡 In progress | Chris |
| Ripple XRP Ledger / RLUSD | OTC / Issuer | USA | SEC | XRP/RLUSD liquidity | 🔴 Stalled (>7 days) | 🔴 Blocked | Chris |
| Hidden Road via Zodia | Prime Broker | USA | FINRA | Pipeline via Zodia | 🔵 Planned | 🔵 Planned | Chris |
| Midchains | Exchange | UAE | VARA | UAE exchange | 🟡 In progress | 🟡 In progress | Chris |
| StoneX Financial Ltd FCM — Silea · FRN 446717 · Co. 5616586 | Prime Broker / FCM | UK | FCA | Silea futures execution · LME clearing | 🟢 Live | 🟢 Operational | Chris |
| Atremo Ltd | OTC / Custody | UAE | — | Tungsten sub-account custody | 🟢 Complete | 🟢 Live | Chris |
🏢 OTC Counterparty Register
PP Manual §3 · KYC/CDD status · Wallet whitelist · Counterparty limits · Agreement tracking. All counterparties must be Market Counterparties under FSRA COBS.
—
Total Counterparties
—
Active (CDD Complete)
—
Pending CDD
—
Review Due ≤30 days
🔗 Wallet Whitelist
PP Manual §3.3 · Elliptic screening required. 48-hour notice for address changes (§5.5).
| Counterparty | Type | Network | Address | Risk | Screened | Status | Actions |
|---|
⏱️ Settlement Monitor
PP Manual §5-6 · OTC Agreement §6.1-6.9. Tracks settlement lifecycle, KPIs, prefunding, and grace periods.
—
On-Time Rate
Target: 98% · Min: 95%
—
Avg Delivery (hrs)
Target: <4h · Min: <8h
—
Avg Confirm (min)
Target: <15m · Min: <30m
—
Failed Rate
Target: <1% · Min: <3%
—
Pending Now
Within settlement window
| Trade ID | Cpty | Asset | Dir | Amount (USD) | Window | Deadline | Status | Delivery Time | Prefunded | Grace | Actions |
|---|
📊 KPI Breach Escalation (§6.8)
Month 1 below minimum = ops review · Month 2 = 25% limit reduction · Month 3 = suspension right
| Counterparty | Metric | 30-Day Value | vs Target | vs Minimum | Months Below | Escalation |
|---|
📄 Trade Confirmations
PP Manual §4.5 · Appendix A template · Must be issued within 15 minutes of Completed Order. Counterparty has 4-hour discrepancy window.
—
Confirmations Issued
—
Awaiting Issuance
—
Avg Issuance Time
Target: <15 min
—
Discrepancies
4-hour window
📋 Confirmation Preview — Appendix A Format
☑️ Operational Checklists — Appendix G
PP Manual Appendix G.1-G.6. Digital operational checklists with sign-off tracking. 7-year retention. Select period and complete items.
—
Total Items
—
Completed
—
Completion %
—
Sign-Off
📁 Archived Checklists
7-year retention per ADGM rules. Filter by period and type.
| Date | Type | Items | Completed | % | Signed By | Countersign | Notes |
|---|
⛓️ On-Chain Explorer — Etherscan Integration
Live Ethereum blockchain data via Etherscan API. API key is session-only — never persisted. Wallet addresses are saved across sessions.
⚪ Not connected
⛽ Gas Tracker
—
🟢 Low (Gwei)
—
🟡 Average (Gwei)
—
🔴 Fast (Gwei)
—
📊 Base Fee (Gwei)
Gas cost estimate for standard ERC-20 transfer (~65K gas): —
💰 Wallet Balances
| Label | Address | ETH Balance | USDT | USDC | DAI | WBTC | Total USD Est. | Last Updated | Actions |
|---|---|---|---|---|---|---|---|---|---|
| No wallets added. Enter an address above to begin. | |||||||||
📜 Transaction History
| Date/Time | Tx Hash | From | To | Value | Token | Gas Used | Gas Cost (ETH) | Status |
|---|---|---|---|---|---|---|---|---|
| Select a wallet and click Fetch to load transactions. | ||||||||
🔔 Token Transfer Monitor
Monitors recent token transfers across all tracked wallets. Click Scan to check for new transfers since last check.
| Time | Wallet | Direction | Token | Amount | Counterparty | Tx Hash |
|---|---|---|---|---|---|---|
| Click Scan to check for recent token transfers. | ||||||
📝 PMS Change Log
Version history of all PMS modifications. Auto-logged on feature deployment. Manual entries for specification changes.
Build Progress
Version: v5.10.5
CI Tests: 55 passing
Edge Functions: 10 deployed
JS Modules: 14 JS + CSS
💾 Data Backup & Restore
Export all PMS data (trades, journals, audit trails, waterfall, snapshots, prices) to a timestamped JSON file. Restore from a previous backup to recover data.
—
Last Close
Loading...
—
Close Streak
Consecutive days
—
Price Feed
Last capture
—
System Health
Run health check below
Daily Close History
—
Last 14 days. NAV from
nav_history, execution from close_results (Postgres). Close runs at 04:10 GST via n8n cron.
System Health Check
—
Validates: TB balance, last close, price staleness, backups, NAV history, shares register. Calls
pms-health-check Edge Function.
Fund Automation Workflows
7 active
n8n workflows on Contabo VPS (144.91.111.1). Fund-level only.
| Workflow | What it does | Schedule | Status |
|---|---|---|---|
| Daily Close Cron | Triggers edge function, posts GL entries, computes NAV | 04:10 GST | ● Active |
| Close Alert | Telegram notification if close failed or was missed | 17:00 GST | ● Active |
| Price Capture | CoinGecko crypto + FX rates to price_history table | Every 5 min | ● Active |
| Risk Daily Agent | VaR, exposure limits, counterparty concentration | 08:00 GST | ● Active |
| Cash Recon | Ledger cash vs custodian balances | 07:00 GST | ● Active |
| Custodian Recon | PMS positions vs Tungsten/Zodia/BitGo balances | 07:00 GST | ● Active |
| Daily Backup | Supabase snapshot to Contabo Postgres | 06:00 GST | ● Active |
Edge Functions
Supabase Pro
Supabase Edge Functions (Deno). Deployed to project
xryfxxhcnznbgubfkrcw (EU Frankfurt).| Function | Purpose | Trigger |
|---|---|---|
| daily-close | GL posting, NAV calc, close register, nav_history dual-write | n8n cron / manual POST |
| daily-close-test | 54 smoke tests (GL, positions, fees, close) | Manual POST |
| pms-health-check | TB balance, staleness, backup, NAV, shares | Health Check button / n8n |
| parse-bank-statement | PDF/CSV bank statement parsing (Claude API) | n8n pipeline |
🔒 System Integrity Checks
Automated validation suite. Run all checks to verify data integrity before month-end close or board reporting. All checks must PASS for production readiness.
Not yet run
| Check | Status | Category | Description | Detail |
|---|---|---|---|---|
| Click "Run All Checks" to validate system integrity. | ||||
Check Categories
■ Accounting — GL balance, NAV=equity, period locks
■ Trading — Trade blotter consistency, counter integrity
■ Audit — Hash chain, Supabase sync, completeness
■ Data Integrity — Instrument master, asset resolution
■ Persistence — Write-ahead log, mutation recovery
■ Server — Edge Function test suite (42+ tests)
Data Validation Framework
Phase G
Click "Run Validation" to check all data integrity rules.
Storage Usage Breakdown
Phase G
Click "Analyse Storage" to view data size breakdown per store.
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Quick Startv5.10.7
The X12 Capital PMS manages the full operations lifecycle for the DAA Digital Assets Arbitrage Fund and Silea X12 AI Fund. All data persists in Supabase (cloud database) with real-time sync across sessions. USD is the functional currency; AED is converted at the CBUAE peg (3.6725). Server-side daily close runs via Supabase Edge Functions with write-ahead logging.
1. AUTHENTICATE
Click Change Role in the sidebar. Sign in via Supabase Auth (email/password) or use PIN authentication. COO role has full access. Dealer can book trades. View Only is read-only.
2. CHECK DASHBOARD
Dashboard shows AUM, exceptions (cash breaks, unconfirmed trades), system health, and OTC desk status. Quick-action buttons at top link to common tasks: book trade, cash entry, journal, bank statements.
3. RUN DAILY CLOSE
Go to Daily Close. Click Run Close to trigger the server-side close engine. It reverses prior accruals, recalculates positions, posts fees, validates TB, and snapshots NAV. Automated via cron at 04:10 GST.
Architecture: PMS client (this app) + Supabase database + 10 Edge Functions (daily-close, price-capture, parse-bank-statement, match-invoices, etc.) + n8n automation (8 workflows: bank statement email ingestion, invoice ingestion, OK to Pay, daily recon, custodian recon) on Contabo VPS. CI/CD via GitHub Actions (55 tests).
Page Reference31 pages
| Section | Page | Purpose | Key Actions |
|---|---|---|---|
| Daily Operations | 📊 Dashboard | AUM, exceptions, system health, OTC desk KPIs, quick-action buttons | Auto-refreshes on load |
| 🏦 Cash & Banking | Cash ledger, bank balances, bank statement import (AI/CSV), FX conversions | Add Transaction, Import Statement, Run Recon | |
| 🔄 Trade Blotter | Book trades (spot + futures), Tungsten blotter import, OTC compliance checks | Book Trade, Import Blotter, Delete (COO) | |
| ✅ Reconciliation | Cash recon (per-bank-account), position recon, bank statement matching | Import, Auto-Match, Export | |
| 📖 Daily Close | Run daily close (server-side Edge Function), settlement ladder, IBOR, position recon | Run Close, Flash P&L, Review Warnings | |
| 🏢 Counterparty Register | KYC/CDD, wallet whitelist, limits, agreement tracking, pre-trade compliance | Add Counterparty, Add Wallet, Export | |
| ⏱️ Settlements | Settlement lifecycle: Pending → Grace → Late → Settled. KPIs per OTC Agreement §6.8 | Mark Settled, Filter, Export | |
| 📄 Trade Confirmations | Auto-issued at booking (<15 min SLA). Appendix A format. Print/PDF. | Issue, Print/PDF | |
| ☑️ Op Checklists | SOD (11), EOD (11), Weekly (15), Monthly (21). Sign-off tracking. | Check items, Sign Off & Archive | |
| Portfolio & Risk | 📈 Positions | Position ledger — live MtM, unrealised P&L, custodian breakdown | Filter by fund; auto-calcs from trades |
| 🔩 Silea Futures | LME/COMEX futures positions, prompt dates, carry/roll, margin monitor | Filter by metal, Import StoneX | |
| 💹 Trading P&L | Realised + unrealised P&L attribution by asset and strategy | Filter by fund/period | |
| ⚠️ Risk Monitor | Parametric + historical VaR, CVaR, stress tests, correlation matrix, liquidity risk | Run VaR, Run Stress Tests, Backtest | |
| 🚧 Limits & Exposure | Counterparty limits, asset class exposure, concentration risk | Auto-calcs from positions | |
| 💲 Price Matrix | Live crypto/FX/index prices, close price archive, valuation matrix (IFRS 13) | Refresh, Save Close, Import/Export | |
| NAV & Fund Accounting | 📋 NAV & Prices | Shadow NAV, price overrides, close prices, shares register, fee accruals | Override Price, Import Closes |
| 📈 NAV History & Performance | NAVPS time series, returns, Sharpe/Sortino, drawdown, waterfall, fee checker | Export, Generate Newsletter Data | |
| 📊 Fund Financials | Dynamic P&L + balance sheet per fund, income statement (daily/MTD/YTD) | Toggle DAA/Silea | |
| 📗 General Ledger | Full GL with trial balance, provider sub-ledger, fund/date/source filters | Filter, Export, Archive Old | |
| 📒 Journal Entries | Manual double-entry journals — dual-posts to GL automatically | Post Journal, Export | |
| 🔒 Month-End / Year-End | Period locking, fee crystallisation, P&L close, HWM reset | Lock Period, Unlock (COO), Year-End Close | |
| ⚖️ Admin NAV Recon | Ascent (admin) NAV vs PMS shadow NAV component variance | Enter admin figures, Compare, Sign Off | |
| 🏛️ FSRA Return | Auto-populated ADGM FSRA Periodic Fund Return (GEN 3.3) | Select period, Export CSV for ePortal | |
| Investors & Reporting | 👥 Investors & Shares | Subscription register, capital accounts, investor-level P&L, ownership % | Record Sub/Red, Capital Statement, Export |
| 📰 Investor Newsletter | Monthly investor report — NAV, performance, attribution. Word/PDF/Print export. | Generate, Export Word/PDF, Print | |
| ⛓️ On-Chain Explorer | Etherscan integration — wallet balances, transactions, gas tracker, token transfers | Add Wallet, Refresh Balances | |
| System | 🔒 System Checks | Automated integrity checks (NAV=equity, TB balanced, hash chain, WAL status) | Run Checks, Run Server Tests (55) |
| 🔍 Audit Trail | Unified audit log — hash chain, tamper-evident, BDO-ready evidence export | Search, Export Evidence | |
| ⚙️ Standing Data | Instrument master (38 instruments, 15 types), fund parameters, fee schedules | Add/Edit Instrument, Export CSV | |
| 🤖 Automation & Agents | n8n pipeline status (8 workflows), invoice pipeline, bank statement pipeline, failed statement triage, Edge Function health, daily pack export/import, workflow registry, agent activity log | Refresh Pipeline, Export Daily Pack, Import Agent Results, Run Health Check | |
| 📖 Help Guide | This page — quick start, page reference, core workflows | — |
Core WorkflowsStep-by-step
Workflow 1: Daily Operations (Every Business Day)
① Dashboard
→
② Check exceptions
→
③ Book trades / Cash entries
→
④ Verify prices (auto-captured)
→
⑤ IBOR → Run Daily Close
→
⑥ Review NAV / Recon
Automated steps: Price capture runs via Edge Function (cron 00:05 UTC). Daily close runs via Edge Function (cron 00:10 UTC or manual trigger from IBOR page). Cash recon agent auto-runs post-close. Bank statements auto-imported via n8n when dropped to SharePoint. Manual steps: book trades, record cash, verify exceptions.
Workflow 2: Trade Lifecycle (Full Double-Entry)
① Dealer books trade
→
② Auto: journal posted
→
③ Auto: cash settlement posted
→
④ Auto: position updated
→
⑤ Auto: audit trail logged
Full double-entry: journal (Dr Investment / Cr Cash) and cash ledger settlement (negative for buys, positive for sells) auto-post together. Cash settles to custodian account (DAA→Cantor, Silea→StoneX). Delete (COO only) removes both the cash entry and trade. Balance sheet stays balanced at all times.
Workflow 3: Month-End Close
① Run final daily close
→
② Import month-end bank stmts
→
③ Cash recon (per-account)
→
④ Position recon vs custodian
→
⑤ Review Fund Financials
→
⑥ Lock period (Month-End Close page)
→
⑦ Run VaR + stress tests
→
⑧ Generate investor newsletter
→
⑨ Export backup
Period locking: Once locked, no GL entries can be posted to the period. NAV materiality threshold (0.5%) enforced on relock. Unlock requires COO approval with before/after NAV comparison. Daily close handles all accrual reversal/reposting automatically — no manual accrual management needed. Year-end: crystallises incentive fee, closes P&L to retained earnings, confirms/resets HWM.
Workflow 4: FSRA Periodic Fund Return
① Complete month-end close
→
② Open FSRA Return page
→
③ Select period + fund
→
④ Review 🟡 manual fields
→
⑤ Export CSV
→
⑥ Upload to ADGM ePortal
Deadlines: BD+20 (monthly), BD+25 (quarterly). Fields marked 🟡 require manual verification against admin records.
Workflow 5: Investor Subscription / Redemption (Full Double-Entry)
① Investors & Shares page
→
② Record subscription/redemption
→
③ Auto: shares register updated
→
④ Auto: journal posted
→
⑤ Auto: cash ledger posted
→
⑥ NAV + NAVPS recalculated
Single entry point: Investors & Shares page shares register form (or Dashboard → "+ New Investor Subs/Reds"). System auto-posts to three stores: shares register (capital), journal GL (Dr Cash / Cr Share Capital), and cash ledger (asset). Supports three subscription types: Advance (cash before shares), Arrears (shares before cash), Same-Day. DAA defaults to Northern Trust AED with FX @ 3.6725. USDT subscriptions at 1:1. Removing a shares entry also removes the auto-posted cash entry. No manual Cash & Banking entry needed.
Workflow 6: OTC Counterparty Onboarding (PP Manual §3)
① Counterparty Register → + Add
→
② Complete KYC/CDD fields
→
③ Add wallets to whitelist
→
④ Set Agreement + Limit
→
⑤ Auto: cpty appears in Trade Blotter dropdown
→
⑥ Auto: pre-trade checks enabled
Pre-trade compliance: When you book a DAA trade, the system auto-checks: (1) KYC must be "Complete" — blocks if Pending/Expired; (2) Agreement must be v13-Standard or v13-Deferred — blocks if None; (3) NOP must not exceed Counterparty Limit — blocks with projected NOP breakdown; (4) 75% early warning with proceed/cancel prompt; (5) Overdue CDD review warning. All checks reference PP Manual §4.3, §8.1, §20.8.
Workflow 7: OTC Trade Lifecycle (Full Integration)
① Trade Blotter → Book trade
→
② Auto: pre-trade compliance (KYC + Limit + Agreement)
→
③ Auto: journal posted (Dr Investment / Cr Cash)
→
④ Auto: cash settlement posted
→
⑤ Auto: settlement status → Pending + window assigned
→
⑥ Auto: trade confirmation issued (TC-{id})
→
⑦ Auto: NOP updated in Cpty Register
Seven auto-actions on a single booking: One click in Trade Blotter triggers compliance checks, journal GL, cash ledger settlement, settlement lifecycle tracking, trade confirmation issuance, and counterparty NOP recalculation. Settlement window auto-assigned per OTC Agreement §6.3: T+0 (before 2pm UAE), T+1 (after 2pm or minting), T+2 (CNY/CNH). Delete cascades to journal, cash, and confirmation.
Workflow 8: Settlement Lifecycle (PP Manual §5-6, OTC Agreement §6.1-6.9)
① Status: Pending
→
② Deadline approaches (Settlement Window)
→
③ Past deadline → 4hr Grace Period
→
④ Past grace → LATE (10 bps/day ASP)
→
⑤ Click "✓ Settle" → Settled + delivery time recorded
Settlement KPIs (OTC Agreement §6.8): On-time rate (target 98%, min 95%), digital asset delivery (<4h target, <8h min), confirmation issuance (<15 min), failed rate (<1%, max 3%). KPI breach escalation: Month 1 = ops review, Month 2 = 25% limit reduction, Month 3 = suspension right. Dashboard OTC strip shows live KPIs.
Workflow 9: Automated Bank Statement Ingestion (n8n · Every 30 min)
① n8n polls Outlook (ADCB / FAB / IsBank emails)
→
② FAB: decrypt PDF password · ADCB: route by account · IsBank: parse subject CCY
→
③ Edge Function: parse-bank-statement (vendor normalise, FAB fee pairing, BeneIBAN lookup)
→
④ Save to SharePoint + Bank Statement Register
→
⑤ Mark email as read · write pipeline status to kvStore
Entity routing: ADCB/FAB/IsBank statements routed by account number to Manco (50_FINANCE) or Fund (30_OPERATIONS/Cash Reconciliations). Dedup: processed email IDs tracked in kvStore — no reprocessing. Triage: Parse failures written to bank-stmt-failures for review on Automation & Agents page. Manual fallback: Cash & Banking → Import Statement (AI) for one-off files.
Workflow 10: OK to Pay — Invoice to Unpaid (n8n · Every 15 min)
① Chris sends email to [email protected] with "ok to pay / approved / please pay"
→
② n8n polls Sent Items · filters for approval keywords · checks for attachment
→
③ Downloads PDF/image attachment · parses subject+body for vendor name, invoice no., date
→
④ Renames file: YYMMDD Vendor InvoiceNo.ext
→
⑤ Saves to Finance SharePoint → Invoices/Unpaid/ · marks email as read
Approval keywords: "ok to pay", "okay to pay", "approved for payment", "please pay", "go ahead and pay". File routing: Finance SharePoint / Invoices / Unpaid. Rename format: YYMMDD [Vendor] [InvoiceNo].ext — e.g. 260322 PKF AU-2026-081.pdf. Daily Recon: invoice ingestion workflow scans Unpaid folder daily, matches against bank payments using 4-pass algorithm (amount+vendor HIGH, invoice ref MEDIUM, amount-only LOW), auto-updates Invoice Register with Date Paid.
Workflow 11: Operational Checklists (PP Manual Appendix G)
① Select type: SOD/EOD/Weekly/Monthly
→
② Work through items (click to check)
→
③ Select signee + countersign
→
④ Sign Off & Archive
63 total items: SOD (14): custody/fiat balances, pending settlements, limits, sanctions, inventory. EOD (13): trade recon, settlement recon, P&L, NAV snapshot, CO/MLRO sign-off. Weekly (15): KPIs, limits, sanctions updates, Travel Rule audit, DeFi health. Monthly (21): settlement report, full recon, MLRO report, CDD refresh, investor comms. All archived with 7-year retention per ADGM rules.
Data Architecture24 storage keys · double-entry
┌─────────────────────────────────────────────────────────┐
│ TRADE BLOTTER ──book──▶ POSITIONS ──MtM──▶ NAV ENGINE │
│ x12-trades (calculated) x12-nav-snapshots │
│ │ │ │ │
│ ├───────▶ JOURNAL GL │ ▼ │
│ │ x12-journals ◄┘ FEE SCHEDULE │
│ │ │ (NAV_FEE_SCHEDULE) │
│ │ ▼ │ │
│ │ FUND FINANCIALS ◄───── ACCRUAL ENGINE │
│ │ (P&L + Balance Sheet) (daily accruals) │
│ │ ▲ │
│ ▼ │ │
│ CASH LEDGER ◄──────┘ ──match──▶ BANK STMTS ──▶ BREAKS │
│ x12-cash-ledger x12-bank-statements x12-match │
│ ▲ │
│ │ │
│ SHARES REG ──┬──▶ INVESTOR STMTS ──▶ FSRA RETURN │
│ x12-shares-register x12-hwm-data (export CSV) │
│ └──▶ CASH LEDGER (auto-post) │
│ │
│ PRICE MATRIX ──▶ VaR ENGINE ──▶ RISK MONITOR │
│ x12-price-history x12-var-results (dashboard) │
│ │
│ CPTY REGISTER ──▶ PRE-TRADE CHECKS ──block/allow──▶ TRADES │
│ x12-cpty-register (KYC+Limit+Agmt) │
│ │ │ │
│ ├──▶ WALLET WHITELIST │ │
│ │ ▼ │
│ │ TRADES ──auto──▶ SETTLEMENT MONITOR ──▶ KPI DASHBOARD │
│ │ (window/deadline/status) (§6.8 metrics) │
│ │ │ │
│ └──NOP──────────▶ └──auto──▶ TRADE CONFIRMATIONS │
│ x12-trade-confirms (Appendix A PDF) │
└─────────────────────────────────────────────────────────┘
│ TRADE BLOTTER ──book──▶ POSITIONS ──MtM──▶ NAV ENGINE │
│ x12-trades (calculated) x12-nav-snapshots │
│ │ │ │ │
│ ├───────▶ JOURNAL GL │ ▼ │
│ │ x12-journals ◄┘ FEE SCHEDULE │
│ │ │ (NAV_FEE_SCHEDULE) │
│ │ ▼ │ │
│ │ FUND FINANCIALS ◄───── ACCRUAL ENGINE │
│ │ (P&L + Balance Sheet) (daily accruals) │
│ │ ▲ │
│ ▼ │ │
│ CASH LEDGER ◄──────┘ ──match──▶ BANK STMTS ──▶ BREAKS │
│ x12-cash-ledger x12-bank-statements x12-match │
│ ▲ │
│ │ │
│ SHARES REG ──┬──▶ INVESTOR STMTS ──▶ FSRA RETURN │
│ x12-shares-register x12-hwm-data (export CSV) │
│ └──▶ CASH LEDGER (auto-post) │
│ │
│ PRICE MATRIX ──▶ VaR ENGINE ──▶ RISK MONITOR │
│ x12-price-history x12-var-results (dashboard) │
│ │
│ CPTY REGISTER ──▶ PRE-TRADE CHECKS ──block/allow──▶ TRADES │
│ x12-cpty-register (KYC+Limit+Agmt) │
│ │ │ │
│ ├──▶ WALLET WHITELIST │ │
│ │ ▼ │
│ │ TRADES ──auto──▶ SETTLEMENT MONITOR ──▶ KPI DASHBOARD │
│ │ (window/deadline/status) (§6.8 metrics) │
│ │ │ │
│ └──NOP──────────▶ └──auto──▶ TRADE CONFIRMATIONS │
│ x12-trade-confirms (Appendix A PDF) │
└─────────────────────────────────────────────────────────┘
Double-entry flows: Trades and subscriptions auto-post to both journal GL and cash ledger, keeping the balance sheet balanced at all times. Deletions cascade to journal, cash, and trade confirmations. OTC flows (v5.1): Counterparty Register feeds pre-trade compliance (KYC + limit + agreement check). Trade booking auto-issues confirmation, assigns settlement window, and updates NOP. Settlement Monitor tracks lifecycle from Pending → Grace → Late → Settled with §6.8 KPIs. 24 storage keys backed up via System Checks.
Role Permissions
| Action | 🔵 View Only | 🟡 Dealer | 🔴 COO |
|---|---|---|---|
| View all pages | ✅ | ✅ | ✅ |
| Book trades | ❌ | ✅ | ✅ |
| Post journal entries | ❌ | ✅ | ✅ |
| Record subscriptions | ❌ | ✅ | ✅ |
| Delete trades | ❌ | ❌ | ✅ |
| Generate / reverse accruals | ❌ | ❌ | ✅ |
| Import / restore backup | ❌ | ❌ | ✅ |
| Add / remove counterparties | ❌ | ✅ | ✅ |
| Mark trades as settled | ❌ | ✅ | ✅ |
| Issue trade confirmations | ❌ | ✅ | ✅ |
| Approve counterparty limits | ❌ | ❌ | ✅ |
| Export data / CSV | ✅ | ✅ | ✅ |
PINs: Dealer=1234, COO=0000. Change PINs in the
PINS constant in source code.NAV Calculation Formula
GAV = Positions MV + Cash Balances
Mgmt Fee = GAV × rate × (days / daysInYear)
Expenses = Σ (annualUSD / daysInYear × days)
NAV before PF = GAV − Mgmt Fee − Expenses
Perf Fee = max(0, NAVPS − HWM) × shares × rate
NAV = NAV before PF − Perf Fee
NAVPS = NAV / Shares Outstanding
DAA: 2% mgmt + 20% perf (over HWM). Silea: 2%/20%. Accruals reset monthly. Perf fee crystallises annually (Dec).
Available Exports11 CSV + 1 JSON
| Export | Format | Page | Use Case |
|---|---|---|---|
| FSRA Return | CSV | FSRA Return | Upload to ADGM ePortal |
| Investor Capital Accounts | CSV | Investor Statements | Quarterly investor reporting |
| NAV Snapshots | CSV | NAV Calculation | Historical NAV track record |
| Trade Audit Trail | CSV | System Checks | Compliance / auditor evidence |
| Journal Audit Trail | CSV | System Checks | Auditor evidence |
| Recon Report | CSV | Reconciliation | Bank recon documentation |
| Close Prices | CSV | Price Matrix | Valuation evidence |
| Historical Snapshots | CSV | Standing Data | Balance history |
| Waterfall | CSV | Standing Data | Fee projection / AUM plan |
| System Checks | CSV | System Checks | Integrity report |
| Change Log | CSV | Change Log | System version history |
| Full Backup | JSON | System Checks | Complete data backup (all 22 storage keys) |
Troubleshooting
| Problem | Cause | Fix |
|---|---|---|
| Positions show $0 MtM | Live prices not fetched | Go to Price Matrix → Refresh Prices. Check internet connection. |
| NAV shows $0 | No trades or subscriptions booked | Record a subscription (NAV Calculation → Shares Register) — this auto-posts to cash ledger, journal, and shares register in one step. |
| Balance sheet shows ❌ IMBALANCE | Manual cash entry without shares register, or legacy data from pre-v5.0 | v5.0+ auto-posts to both sides. For legacy data: ensure every subscription in shares register has a matching cash ledger entry, and every trade has a Trading Settlement cash entry. Delete duplicate manual cash entries if present. |
| "Book Trade" button disabled | View Only role active | Click Change Role in sidebar → select COO or Dealer → enter PIN or sign in via Supabase Auth. |
| Data missing after refresh | Supabase connection issue | Check Supabase connection badge in sidebar. If red, check network. Data persists in Supabase — not lost on refresh. |
| Duplicate accrual warning | Accruals already posted for this month | Normal — reverse prior month first, then generate new. |
| Daily close not running | Edge Function error or close lock stuck | Check Daily Close page for warnings. System Checks → Run Server Tests (55). Check Supabase Edge Function logs. |
System Information
Version: 5.10.5
Build: 14 JS modules + CSS + HTML shell · 10 Edge Functions · 55 CI tests · GitHub Actions pipeline
Pages: 23 | Storage keys: 33 | GL accounts: 45
Funds: DAA Digital Assets Arbitrage Fund (ISIN AE000A41V2U5) · Silea X12 AI Fund (ISIN AE000A41MNN3 / AE000A41PG02)
Regulatory: ADGM FSRA · QIF · Category 3C
Currency: USD functional · AED @ 3.6725 CBUAE peg · IAS 21 multi-currency GL
Architecture: HTML/JS client + Supabase (Postgres + Auth + RLS) + 10 Edge Functions (Deno) + n8n automation (Contabo VPS) + GitHub CI/CD
Automation: Daily close (cron 00:10 UTC) · Price capture (cron 00:05 UTC) · Bank statement import (n8n) · Custodian recon (n8n) · Daily backup (cron 01:10 UTC)
Scenario Builder
DAA
Fund NAV
NAV / Share
Engine
Haiku · Sonnet
Quick: