What is an attribute?
When using the ONE PM application you often encounter the possibility to add attributes to elements you create or edit. Attributes help the application to categorize these elements. For example by adding the attribute ‘Equity’ to an asset, the asset will be categorized as an equity. This can then later be useful when you are specifically searching for equities, as the application knows which assets are equities. Generally, attributes fall into two classes: binary and non-binary. Attributes in the binary class can either be set to ‘TRUE’ or ‘FALSE’. For example you can set the ‘High Risk Relationship’ to active or inactive, however another possibility cannot be chosen. The non-binary attribute class allows for much more options from which you can choose. A few of the most common attributes used in ONE PM are listed below:
How do I use attributes?
There are two ways you interact with attributes in ONE PM. On one hand you will assign attributes to elements you create. For example when creating a client you will be asked to assign a currency to it. By choosing the currency ‘USD’ you are basically assigning the attribute ‘USD’ to the client.
On the other hand ONE PM offers functionalities which use attributes to classify elements. A restriction which is assigned to check if the weight of equities in a portfolio is greater than 15%, will detect if an asset is an equity by checking the ‘Asset Class’ attribute. If it is set to ‘Equity’ the ONE PM application will know it is an equity. For the ONE PM functionalities to work as intended it is therefore important that attributes are correctly assigned.