Electronic End Of Year Tax Pack for BBY clients

We have scheduled (1st July 2012) the release of an industry standard OFX export capability for our 2012 End of Year Tax pack for BBY BPS clients.

OFX end of year exports have been available to all Interactive Brokers users of BPS, this feature has now been extended to all subscribed BBY BPS clients.

OFX  is used by most of the global financial institutions world wide, including all Australian banks, the file may be imported into all accounting packages, such as quicken, MYOB, etc and any leading tax preparation packages, or optionally processed via Excel as an XML database.

We expect this will significantly reduce the costs associated with the data entry and preparation of your investment Tax Return for 2012.

This new feature is included at no additional cost to all existing BBY clients as of the 30th June 2012.


The VillageMall Support team.

Interactive Brokers

Due to the increase in volume of Interactive Broker(IB) accounts, VillageMall is moving IB processing to a dedicated processing service, over the coming weeks.

While the changes should be transparent to all subscribers, there may be temporary issues during this time.

Once the move is complete all IB portfolio's should be available 2 hours earlier then currently, i.e from ~ 6:00 AM AEST.

Thank you for your understanding over this time, as the new service should offer an improved service level to all IB account holders.

Service access..

Subscribers are reminded that only root level URL's may be used to access VillageMall services..

I.e https://invest.villagemall.net.au,
 https://solutions.villagemall.net.au or any of our white label services such as
 https://portfolio.bby.com.au.

Any deep linking such as  https://invest.villagemall.net.au/WebOffice/Mlogin.aspx etc may fail due to internal changes within our network.

Please ensure that only the top level domain is used to access any VillageMall Service, this includes any saved links.

Updated Subscriber Agreement

All VillageMall Services are supplied under a Subscriber Agreement, which all Subscribers must read and accept before using our Subscription Services.

We have updated this agreement to:
a)  include use of optional digital certificates to protect supplied Data when communication with VillageMall using email.
b) the communication of supplied Data between VillageMall and any individual linked to a Subscriber Account; when said Subscriber Service, has multiple Subscriber Accounts.

All subscribers shall review and Agree the current terms and conditions, should you not agree with the above terms and conditions you shall cease using the Subscriber Service.

BBY SmartPortfolio - update

With the exception of the following, all features should be working:

• MBL bank feed still missing
• Numerous data load issues, on conversion to new clearing system. 
• Typically these issues relate to equity holding and cost base values
• These typically cause erroneous realized capital gains results. 
• Please contact BBY trade support to have these corrected.

BBY SmartPortfolio - update

We expect to complete the final QA, of the merged system, by the end of January 2012.

• Most out standing issues should be addressed by the end of this week, and the enhanced "Client Investment and Taxation Report" will be available from beginning of next week.
• Our new emailed Client Investment service will also be available from next Monday.You can receive a daily "YTD Report" within your email in-box each morning (~ 8:00am EST), no need to logon to your account.
• While we have tried to ensure that the merge of data across the various systems, especially for Stonebridge clients who have historical data from the 30th June until the move to BBY, has been error free; please review your BBY smart portfolio, and report any issues to BBY trade support.
  
• All performance reporting, has been removed until, the outstanding CMT transactions issues are resolved.

Contact your advisor or BBY tradesupport for full details of the new emailed reporting service.

BBY SmartPortfolio - update

The following changes will be online this week

• Enhanced option reporting
• Fixed equity reporting, removed zero holdings from reports
• New self clearing contract notes, have been merged with existing notes
• Additional status of open/close has been added to all option contracts
• Option contracts now have an identifier which can be used by BBY trade support
• Closed option positions, now have P&L calculated for tax purposes
• Clients with Foreign equity holdings will see blank values for current values etc ( contact BBY if you wish to see daily values for these foreign holdings).

The following outstanding issues

• Performance reports should not be relied upon, until final QA is completed.