CAIS Account Facts

  • May 22, 2024
  • Knowledge

Title
CAIS Account Facts
Description
CAIS enables an accurate view of your alternative data in Orion, allowing for full access to client reporting and all your workflows across the Orion platform. Review the support documentation for a comprehensive understanding of the CAIS account structure and expectations.
Body

Portfolio Structure

Orion uses auto-householding and registration type mapping to create new CAIS accounts within the same registration as the existing custodial account.

Option 1) CAIS assets are housed and created within their own Account ID and do not feed into existing custodial accounts. Separate account shells for CAIS assets prevent reconciliation errors commonly caused by multiple download sources feeding into one shell. The account number suffix between the CAIS account and custodial account shells match.

  • Example account number formats:
    • CAIS: CAIS_000123456
    • Custodial: 000123456

 

Option 2) CAIS assets are housed and created within the existing custodial account IDs. The CAIS assets appear in the custodial account. The custodial assets are zeroed out or replaced by the CAIS asset, and the CAIS assets will hold value within the same account ID.

  • Account number format does not contain a prefix. 
CAIS data is not supported in sleeved registrations. To utilize sleeved registrations, the alternative data must be provided from the custodian directly, not CAIS.
Custom account numbers are available if you use a custodial account number for your CAIS holdings. For more information, contact fundreporting@caisgroup.com.


For more information on account structures, contact sme-datarecon@orion.com

 

Reporting

CAIS and custodial accounts appear as separate entities when Orion reports run at the Household or Registration level. 

Use Registration groupings to show the combined value of the CAIS and custodial account shells. For more information on how to use groupings, review Use Filters, Columns, and Groupings to Customize Your View.
The CAIS account shell displays the same last four digits of the account as the custodial account.


For more information on Orion report settings, contact sme-reporting@orion.com

 

Billing

It is best practice to establish the main custodial account to pay for the CAIS account when the CAIS account is in a separate account ID. They do not automatically roll up together on a fee file.
Establish billing settings similarly to any other new account in the system.

For more information, review Billing - Getting Started Guide and Billing - Onboarding Guide.
Set up asset exclusions as needed in each individual account shell. 

For more information on asset exclusion, review How to Exclude Assets from Billing.


Contact sme-billing@orion.com for further assistance.

 

Trading

Both the CAIS and custodial account shells are grouped together in the household when using asset location rebalancing.
The custodial account can be traded on its own when using ticker-based rebalancing. 



Contact sme-trading@orion.com for further assistance.

 


Additional Resources

URL Name
CAIS-Account-Facts
Reconciliation - Additional Features