Why?

• Easily identify deviations from the assigned model across various levels (Category, Class, Subclass, Security Set, Security).

• Make informed decisions by reviewing the model level that corresponds with the Rebalance Level set within preferences.

• Quickly assess and address any deviations.

 

 

 

How?

Review Model Drift in Eclipse

The Portfolios and Accounts grids in Eclipse contain several columns that allow you to quickly review a portfolio or account’s deviation from the assigned model.

 

• Category Deviation %
• Class Deviation %
• Subclass Deviation %
• Security Set Deviation %
• Security Deviation %

 

For firms using sleeves, the Portfolios and Accounts grids contain a Sleeve Deviation % column that shows the difference between the sleeve’s Post Trade Need % and the sleeve’s Target % in addition to model deviation.

 

Best Practice: Review the model level that corresponds with the Rebalance Level that is set within preferences. For more information on preference settings, please review Orion Trading Platform (Eclipse) – General Preferences.

 

 

Review Model Drift in Orion Connect

The Query app in Orion Connect offers another way to review drift. Review all your portfolio's current vs. target values in a spreadsheet format by running any of the five queries available to you. The five queries correspond with the levels in your model and help to review between rebalances. The query names are listed below:

Important Note: sleeved portfolios are not returned using these queries.

 

Query Name	Query ID
Eclipse - Category Tolerance	36307
Eclipse - Class Tolerance	33735
Eclipse - Subclass Tolerance	33565
Eclipse - Security Set Tolerance	33587
Eclipse - Security Tolerance	33817