Flexible premium arrangement (FPR): investment pools and monthly cycle (messages 10, 13, 14 and 15)

Roles in the FPR: PUO, pool administrator, fiduciary, investment administrator and investors

The FPR divides the administration over four roles. The PUO keeps the participant and cohort administration and allocates return explicitly. The pool administrator (the BA, or the PUO when it fulfils the BA role itself; the ACB role has been discontinued) calculates unit values and processes monthly mutations. The fiduciary sets the integral investment policy, instructs managers and keeps a shadow administration. The investment administrator keeps the independent pool administration and reconciles with the fiduciary. Asset managers manage portfolio segments on instruction.

Steps

• Role PUOPUOSends 5, and 10 and 14 only when it fulfils the BA role itself (issue #142); receives 6, 13 and 15. 00541 00553
• Role BAInvestment administratorSends 6, 10, 13 (preliminary and final) and 14; receives 1, 2, 3 and 5. 00555b 00553 00556
• Role FMFiduciary managerReceives 10 and 14, instructs managers and LDI manager, keeps the IBOR. 00553 00556

Source: Handleiding paragraaf 4.3; tabel 12 (paragraaf 6.4)