Release August 2026 - Cash Contra and Dealer Settlement client accounts

31 Aug Release August 2026 – Cash Contra and Dealer Settlement client accounts

Posted at 17:38h in Recent Updates by Debra Hart

Cash Contra and Dealer Settlement client accounts

In this release the concept of a Cash Contra and Dealer Settlement client accounts were added, please see link for more details.

This functionality details a new cash accounting model designed to resolve synchronisation issues between bank account entries and client account balances.

There is a time difference between when bank entries are imported and when bank entries are matched. Cash Contra client accounts on working portfolios and Dealer Settlement client accounts on dealers ensure that cash assets and cash liabilities remain synchronised.
More changes include:

General (Includes Reports, Processes, Message Changes & Validation improvements)

When a Contact Person User logs in, the Entity they are linked to as a Contact Person will now reflect the Company Type on the Contact Person Card (55243)
Added to ability to select the viewing priority (order) on a contract where there are multiple contract owners exist. See link (55259)
Changed contracts classified as Administrative and Adviser to only show instrument accounts with values on the front of the Instrument accounts card. see link (52690)
The gross remuneration calculation on Income Tax Certificates and the SARS PAYE Recon File has been corrected to include annuity withdrawal transactions where 100% of the withdrawal value is withheld for PAYE, or where the payment was cancelled but the PAYE amount was still withheld. See link (55170)
Optimized calculation of IRR values (55311)
Ensured instructions submitted via an API user enforces Regulation 28 validation where applicable. See link (55137)
Ability added to process weekly recurring withdrawals/investments (debit orders). See link(55225)
Brokerage logo can appear on contribution certificates if the ‘use brokerage logo on tax certificates’ setting is enabled on the Brokerage, and a logo has been uploaded on the company entity associated with the Brokerage. See link (55246)
Coupon dates displayed on a bond instrument are now displayed as ‘COUPON DATE 1, COUPON DATE 2, COUPON DATE 3’ etc. and not 1st COUPON DATE, 2nd COUPON DATE etc. as previously displayed (55242)
The font size used on graphs (graph titles and axis labels) on both the front-end application and in generated pdf documents, has been increased across the board, please review for suitability. (54515)
Improved Finswitch instruction import validation to use the ‘Finswitch Reference Number’ to determine if instructions in the upload file are duplicates when all other values are the same (amount/units, Reference No, Accounts No etc.). If the ‘Finswitch Reference Number’ differs the instructions will not be regarded as a duplicate and both will be uploaded. See Validation B in link (54269)
Validation message improved when attempting to generate a surrender letter from a withdrawal instruction where the template has not been set up on the product -> document templates. See link (55440)
A dedicated Interest Client Account has been created for the Working Portfolio where mirror transactions of interest are written to investors accounts. This will eliminate interest transactions reflecting in the Working Portfolio default account. Historical interest transactions will be moved into the Interest Account (55200).
The status of debit order instructions will automatically be changed to Cancelled when the debit order declines (applicable to Natwest and NamPay) (55275)
Renamed ‘Natwest reversed debit orders’ report to ‘Unsuccessful debit order bank responses’ report and add additional columns to the report. The report will now be used for both the Natwest and Nampay debit order host to host collection process. See link (55275)
Improved ‘Unsuccessful debit order bank responses’ report to display all combined debit order collections in the report (applicable to Natwest and NamPay). See link (55297)
Improved the validation when processing a Fund Merger to alert the user where Supplier Instrument Accounts are required to be created on the receiving instrument (52957). See link.
Ensured that ‘Proceed With Sells Ready to Recur Job’ displays all sells where there are not enough units available to proceed (54332)
Hide button’Upload Confirmation’ on Debit Order Collections screen and Payment Batches screen from client users, as it does not seem to be used by any client. The functionality will be deprecated in the next release(55497)
On a cash distribution or a cash instrument with a unit distribution, we added the ability to set the system to match the funds before allocating the distribution, see link (55443)
Added three columns to Import Advisors. See link (55181)
Added the ability to reverse debit orders against a bank entry that is larger than the debit order amount (partial match). See link (55111)
Added report ‘Possible unreconciled cash’ to Dealer settlement accounts and Cash Contra accounts (Instrument account->More Actions) to assist in identifying why there is a balance on the relevant account (only available to Finworks administrators) (55456)
Created an ASISA Report for Statistical Industry Reporting (Fund Flows). See link (55228)
Added the ability to continue an investment before money is matched. See link (55207)
Finworks Support Users existing Zero Units functionality has been changed to reflect “Cancel and Hide”, when selected this will cancel (zero) and hide all the linked transactions (55470)
On the Financial Needs Analysis added a default to Include in cash flows for both Once off and Monthly items. See link (55539)
Ensured all fee types available on the product for which the quote is generated display in the quote document. See link (55276)
Change to Financial Needs Analysis report headings for the Retirement Cash Flows Summary section to be in line with the Balance sheet, Income and Insurance items. (55569)
Financial analysis not saving when navigating to the Cash flows without saving the Financial analysis first. (55568)
Add an additional field “Instrument account number” to the Import Historical Transactions. See link (55493)
New user permission ‘Download Bulk Overviews’ which allows ‘Download Bulk Overviews’ menu option on ‘New and Existing Members’ card to be displayed (Employer -> New and Existing Members card -> menu: Download Bulk Overviews). The default migration is off/disabled for this permission. See link (55375)
Validation of annual and lifetime limits on instructions for contracts on tax-free products enhanced to consider the limits across multiple tax-free products and allow instructions that are within the limits. See link (55572)
Can Generate Quote setting on a Product level will determine if the ‘View Quote Document’ menu option is available on the Contract Details screen. See link (55578).
Update to User landing page if the User is also a contact person on a the Company as well as an Investor. See link (55250)
Added functionality to make provision for issuer regulation 28 maximums. See link (55339)
‘Reconciliation for supplier instrument account’ screen has been enhanced with ‘Only show dates with discrepancies’ and ‘Exclude transactions with zero values’ checkboxes, and five filters including: ‘All problematic’, ‘All’, ‘Non problematic’, ‘Only mismatched’ and ‘Only unmatched/unreconciled’. The release script iterates over the supplier instrument accounts for all cash instruments and moves any transactions in the wrong supplier instrument accounts to the correct account. See link (55106)
Added the ability to set the Internal switch cash instrument on Portfolio Instrument. See link (54312)
Added the ability to Cancel Initial Fees on a completed instruction. See link (55404)
Added the ability to Cancel an Investment under defined conditions. See link (55404)
Added option to enforce Two-factor Authentication for all users in bulk, see link (55531)
On the Fee Statement defaults, added the ability to configure the Contract Details of the Brokerage displayed on the Fee Statement, see link (55376)
On the Automatic Email Fee Statements Job, we have added the ability to choose how the Commission statement file name will be displayed, with the option to show either the Brokerage Code or the Brokerage Name. See link (55376)

Integration (Includes Finswitch, Amazon S3, Azure blob, API, Calestone, Exports)

API related change description. Refer to Change Log and Application Program Interface (API).
Export Transactions update (S3 or Azure Blob storage). Refer to Export Transaction Data Job (Amazon S3 Bucket or Azure Blob Storage).
Added the functionality to automatically upload Debit Order Collection files to and download Debit Order Confirmation files from NamPay, see link (54799)
Added a call the the Accounts API to show if an instrument composition/split is Regulation 28 compliant before submitting a instruction. (55362)
Date format updated to YYYY-MM-DD in data returned via GET: Instruction details call (55600)

Refer to your online GitLab Project for a full list of changes and enhancements for the release, and refer to our GitLab help file if required here.

Bug Fixes

Correction of values on instrument instruction buys (55293)
Ensure the updating of a postal address via the API do not give an error regarding an invalid tax number and behave similar to updating a postal address from the user interface(54465)
Corrected bug where pot validation did not convert amounts(55292)
Corrected error on needs analysis summary card when no date of birth is entered(55286)
If the required monthly income was not set up correctly, an error occurred under ‘Additional Details’ Menu on Personal details Cards.(55227)
Error resolved when submitting withdrawals on a Cash Account (55331 & 55350)
Removed tick symbol reflecting on gains/losses certificate (55336)
Error resolved when importing prices (55300, 55355)
Ensure API to creating switches and Import switches look at the display code and the fund code to identify the instruments in the switch (55157)
Screen display error resolved on Banking> Match Deposits (55363)
Error when Resubmitting a debit order with an escalation date resolved (55272)
Bulk process, Certificates – Interest and Dividends failed on transactions zero’ed, updated to give error message (55374)
Error resolved when viewing historical changes on Cash Instrument (55381)
AEOI for SARS product selection drop down includes label ‘All’ and no longer includes blank menu option (55194)
Validation improved on an Entity when making a User (55368)
Error resolved where the Returns Card, to and from dates did not correspond to the heading “Since Inception” – this bug has been corrected(55345)
Accrued Fees on screen percentage display error resolved (55364)
Error resolved on S3 exports to exclude zero balance inactive cash instrument accounts (54847)
Validation improved where a confirmed Deal Amount cannot be different to the matched bank entry (55335)
We added a Welcome Letter Sent date and fixed a bug regarding the sent status’ (55291)
Error when generating SARS DWT Submission File (55426)
Notification Messages no longer displaying the where only the date should be displayed (55418)
Error “No valid session. Try reloading” (55294)
Resolved an error that occurred when selecting beneficiary relationship types (person or company) during a new investor’s online application (55432)
Error resolved when removing instrument from employer group (55420)
Increased number of allowed lines as well as debit and credit functionality in a Swift banking file and (55255)
Added instrument code to Detailed Transactions Flow screen for instrument providers, and instrument name to Transactions Inflow and Outflow screens (previously removed) (55284)
Assets Under Management graph updated to exclude market values of contracts owned by, but not under the Advice of, an Advisor (55153)
Resolved Provisional Tax Certificates Error, of the opening balance not being correct, thus pulling a zero amount (55457)
Error resolved when clicking on contract instruction group (55351)
Error resolved when clicking into Instructions -> Submitted
Resolved Capital Gains error of omitted activity on the start date due to closing-balance snapshot timing, which was resolved by shifting “startDate” back by one day (fromDate – 1 day) to accurately capture the opening account value (#55469)
Error resolved on all statuses not pulling through on the Account Status Report (55496)
Error resolved by removing deleted Withdrawals from instances. We have also added code to keep record of when and by whom anything was deleted, as well as a check that we do not add a deleted instance again(55503)
When Initial fees taken Implicitly are cancelled, the once off investment will update to reflect no fee taken (55327)
Disabled editing for the core Anonymous internal user account to prevent configuration errors and ensure stable background session tracking for signed-out users.(55505)
Error resolved when importing JSE Contract note (55517).
Error resolved when importing Finswitch pricing files (528891).
Internal changes were made to the process on how we generate backups, e.g. additional validations (55265).
Some pre-work was done for upgrading Gemstone (55173).
Error resolved on selecting search on partial matched or unmatched bank entries. (55576)
Resolved error when when trying to submit debit order (55598).
Validation added for the working days on the AutomaticFeeRunJob. This field is compulsory and cannot be left blank. (55534)
Performance issues resolved when attempting to remove model portfolios (55587)
Error when uploading an Online Form resolved (55360)
Error on button styling resolved when restoring Production to the Test/Training sites (55409)
Technical error resolved on User Errors and emails showing daily job failures (55542)
Error resolved on display while waiting for report request to load (55622)
Error resolved when importing the Postal Address City (55298)
Failed Invariant check on MatchedBankAccountEntries resolved (55606)
Error resolved when accessing SARS file (55655, 55658)
Error resolved when submitting a Switch instruction where the status should be Set to Pending Authorisation (55561)

Software update can include but is not limited to:

Bug fixes.
New and/or enhanced features.
Further improvement to performance

Last Updated on 1 day ago by Adrienne Dill