Execution Interface MFEX

BFS Version: 2.X

With this execution interface can you route your fund orders via MFEX.

Instrument configuration

To add the Mfex Interface to an instrument navigate to the instrument and select Add Execution Interface

This will open a creation dialogue where you can define the following properties. The properties at page 3 and 4 are retrieved from MFEX by an automatic job.

Property	Description
Execution Interface:	MFEX
Fee Category	Which fee category the instrument should belong to according to Fee Handling.
Custody account	A Custody Account is selected for all execution interfaces. See article Custody accounts on how to create custody accounts.
Counterparty	Select a legal entity, in most cases MFEX should be used.
Counterparty Account	This account is used as the counterparty when buying the product.
Exchange Code	The code of the exchange where the instrument is primarily listed
Symbol	The short name of the instrument
Unit Order	It is obsolete and will be removed as of version 2.03.01
Subscription Amount Prospectus	This defines if the MFEX order flow called Prospectus is allowed and that orders in Amount is allowed
Subscription Unit Prospectus	This defines if the MFEX order flow called Prospectus is allowed and that orders in Unit is allowed
Redemption Amount Prospectus	Redemption orders in amount is allowed in the prospectus of the fund
Redemption Units Prospectus	Redemption orders in units is allowed in the prospectus of the fund
Subscription Amount MFEX	State the minimum amount per order.
Subscription Units MFEX	State the minimum unit per order.
Redemption Amount MFEX	State the minimum amount per order.
Redemption Units MFEX	State the minimum unit per order.
Buy Amount	Are used to control which kind of orders are allowed.
Buy Unit	Are used to control which kind of orders are allowed.
Sell Amount	Are used to control which kind of orders are allowed.
Sell Unit	Are used to control which kind of orders are allowed.
Is Prepaid	Should be checked if buying the instrument requires prepayment.
Min Subscription Amount	State the minimum amount per order.
Min Redemption Amount	State the minimum amount per order.
Quantity Decimals	Is the maximum number of decimals used for unit orders
Minimum Lot Size	Define the minimum lot size for the financial instrument in order to limit the order entry of the instrument to even lots of units. Minimum lot size can for example be 0.000001, 0.2, 1 or 1000.

Property	Description
Dividend Type	If dividends are issued or re-invested in the instrument
Diff Acceptance	0, It is obsolete and will be removed as of version 2.03.01
Fund Class	Fund Class of the fund.
Fund Org.Number	Swedish organisation number of the fund.
Info Sheet	Infosheet is a link to a product sheet, for example: https://funds.mfex.se/pdf/SE0000740698.pdf
Order To NAV Prospectus Subscription	Offset in days from Order to NAV date for subscription orders provided the Order cut off has been met.
Order To NAV Prospectus Redemption	Offset in days from Order to NAV date for redemption orders provided the Order cut off has been met.
NAV To Payment Due Date Expected Subscription	Offset in days from NAV date to Payment due date for subscription orders.
NAV To Payment Due Date Expected Redemption	Offset in days from NAV date to Payment due date for redemption orders.
Trade Date To Holdings Subscription	Offset in days from Trade date of a subscription order until the fund units are available at the Distributor account.
Trade Date To Holdings Redemption	Offset in days from Trade date of a redemption order until the fund units are available at the Distributor account.
Transfer Prospectus	Transfer orders is allowed in the prospectus of the fund
Transfer MFEX	Transfer orders is accepted by MFEX
Is Internal	Classified as an own/internal fund of the Distributor
Ucits	Undertakings for the collective investment in transferable securities. Classified as a ucits fund under mifid 1 = Yes, 0 = No.

Property	Description
Dist Subscription Fee	Fee paid by Distributor for subscription orders in percent. The fee impacts the order.
Dist Redemption Fee	Fee paid by Distributor for redemption orders in percent. The fee impacts the order.
Client Subscription Fee	Fee paid by the End client to the Distributor in percent for subscription orders. Set up by MFEX according to Distributor instructions.
Client Redemption Fee	Fee paid by the End client to the Distributor in percent for redemption orders. Set up by MFEX according to Distributor instructions.
Min Client Subscription Fee Prospectus	Minimum fee paid by the End client to the Distributor in percent imposed by Fund Company for subscription orders. If not set there is no Minimum client fee.
Min Client Redemption Fee Prospectus	Minimum fee paid by the End client to the Distributor in percent imposed by Fund Company for redemption orders. If not set there is no Minimum client fee.
Max Client Subscription Fee Prospectus	Maximum fee in percent paid by the End client to the Distributor for subscription orders allowed in prospectus. If not set there is no Maximum client fee.
Max Client Redemption Fee Prospectus	Maximum fee in percent paid by the End client to the Distributor for redemption orders allowed in prospectus. If not set there is no Maximum client fee.
Min Subscription Amount	Minimum subscription amount for an end client order.
Min Subscription Amount Ccy	Currency for Minimum subscription amount for an end client order.
Min Subscription Amount Monthly	Minimum monthly subscription amount for an end client order.
Min Subscription Monthly Amount Ccy	Currency for Minimum monthly subscription amount for an end client order.
Min Subscription Unit	Minimum number of units in an end client subscription order.
Min Redemption Amount	Minimum redemption amount for an end client order.
Min Redemption Amount Ccy	Currency for Minimum redemption amount for an end client order.
Min Redemption Unit	Minimum number of units in an end client redemption order.

Global settings

In addition to the Execution Interface settings on the individual instruments are there a number of global settings that should be managed. To access these navigate to System Data > Execution Interfaces.

Acceptance Difference (NAV) measures the difference in the proposed fill price in relation to the previous days NAV price as recorded in BFS. If a value of 50 was entered this means that a difference of 50% will be accepted.

Reservation Multiple is used to reserve a margin of extra fund units when selling a fund holding using a fixed amount as opposed to a fixed amount of units or percentages of the holding. If 1.1 is entered as the multiple 10% will be added to the number of fund units that will be reserved for the sell order.

Broker Fee Account is used to set the default house account to receive any fees from trades that are made through the relevant execution interface.

Default Custody Account is used to set the default custody account to be used for safekeeping of the traded instruments.