MSPAUDITDRIFT False Positives

MSPAUDITDRIFT False Positives

The MSPAUDITDRIFT report did not consider “holds,” resulting in false positives. The false positives made it difficult for clients to identify accounts that are truly drifting. This enhancement modified the report to ignore the HOLD securities and not include them on either the .LRP report or the CSV file.

The MSPAUDITDRIFT report will also adjust cash allocation for the “HOLD” securities if they are held. For example, consider a report with a Master Model cash allocation of 22.0%, which is made up of the sum of the cash allocation itself and the cash allocations of the Related Securities. If any of those Related Securities are held, the cash allocation should be reduced by the percentage.

For example:

• If all the Related Securities are held, the cash allocation shown on the report should be 3.04%, the cash allocation itself
• If no Related Securities are held, the cash allocation should be 22.0%, the sum of all cash allocations
• If only the Related Security held is CSCO, the cash allocation should be 20.5% (i.e., 22.0 – 2.50)
• If the only Related Security not held is CSCO, the cash allocation should be 5.54% (i.e., 3.04 + 2.50)