Q & A Database

The GIPS Standards Q&A database contains questions and answers (Q&As) on various searchable topics that provide additional interpretation on an issue. Q&As are considered to be authoritative guidance and must be followed in order to claim compliance with the GIPS standards.

Content from prior Q&As was included in the GIPS Standards Handbook as much as possible and many Q&As were archived. Change the Status drop-down filter to "Archived" to see the archived Q&As.

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Current

Effective: 15 December, 2015

Categories: Cash Flow

Source: GIPS Technical Committee

Our firm uses temporary new accounts to deal with significant cash flows. Is it acceptable to move a portion of the temporary new account to the main portfolio as the assets are invested or must we wait until the entire temporary new account is ready to be merged with the main portfolio?

The firm may transfer portions of the assets from the temporary new account to the main portfolio as they are invested. The purpose of the temporary new account is to isolate the impact of the significant cash flow and not to restrict the management of the assets acquired with that cash. Prior to moving assets from a temporary new account, firms should consider whether moving only a portion of the assets would cause the portfolio not to reflect the composite strategy and determine whether it is appropriate to move only a portion of the assets or wait until all the assets are invested.

Q & A Database

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