Hubwise communication re: New Transfer MI 27/07

Created by Corinne O'Brien, Modified on Fri, 28 Jun at 12:56 PM by Rohith Krishna

I am pleased to advise that we have made some amendments and enhancements to the Transfer Management Information (MI) that you already receive.

The main changes to this MI are:

1. Reports are now only distributed once a week. These will be populated and issued on a Sunday evening, so you will have them available from first thing Monday morning.

2. Reports now include all product types (previously this was just GIA & Hubwise ISA (HIS)

3. MI will now show at two levels: at the Transfer level and also at the individual Asset level.

Otherwise, the new MI will look very similar to what you are used to, just with the addition of some new value columns, as listed here:

Estimated Value	Value input by IFA.
Ceding Value	Value from the ATG Info Request or Asset Valuation.
Transfer Value to Date	Value of assets received so far using prices on transfer date.
Remaining Value	Value based on last night’s prices.
Age (Days)	Age, in days, of transfer based on the Date Initiated

The report also contains some new MI Event Dates. These should illustrate key points on the transfer lifecycle:

Started On	Date the transfer processing was started by Hubwise, either on ATG or as a manual process.
Sent to Ceding	Date the request was sent to the Ceding Party
First Asset Loaded	Date first assets loaded onto Hubwise.
Rejected	Date any transfers got rejected (if applicable).
Ceding Chased	Date Ceding Party last chased, if the transfer itself is more than 14 days old.
Cash Received	Date cash received.
Expired	Date any transfers have expired (if applicable).
Completed	Date completed.

It is important to note that the new MI Event Dates may take a while to be collected for all transfers, particularly for historic transfers, but it is hoped that this new MI data will be far more accurate and informative for all new transfers loaded.

Should you have any questions on how to view the MI or have any feedback on the enhanced MI itself, please feel free to raise a Freshdesk ticket and our Customer Service Team will be in touch.