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.

Holiday Break

VillageMall and our staff, will be taking a break from the close of business, Friday, December 16th, and will re-open on Monday, January 9th, 2012.
I would like to, thank our clients for their ongoing support during 2011, and wish you, and your family a safe and happy festive season.

Regards
Charles Moore
CEO VillageMall.

BBY SmartPortfolio services

BBY data from their self clearing system,  is available today i.e from the 7th December 2011.

Notes:
a) Data between the 2nd of December (old BSL clearing) and the 7th of December, is not yet available, but will be processed when available.
b) Option contracts are not available, but will be online when available.
c) For Option contracts we expect to offer separate opening and closing positions, plus provide contract identifiers for options.
d) Until all data is available and processed, the performance, or any reports using daily data, may not be accurate.
e) We will post a separate announcement, when all data is available and processed.


We expect all subscribed portfolio's, will have a complete history from the 1st July 2011 when completed.

Thank you for your patience during the change over to BBY self clearing.

BBY - Self clearing changes

Based upon past experience, VillageMall expects that the change from BSL to BBY self clearing will cause data feed availability issues. We will try our best to minimise the effect on client portfolio's.

It is expected, that the change over will occur on the first Monday of December, this will also be the first day when operational data is available from BBY self clearing; hence our Quality Assurance process cannot be completed, until at least two weeks after this date.

During this time, VillageMall will be collecting all data, and while there may be a period where daily client portfolio access is not available, we will process and correct any clearing data.

It is expected, VillageMall will be able to merge all existing BBY/BSL portfolio client data (including Stonebridge), with the new BBY self clearing data to create a complete end of year tax pack from the 30th June 2011.

Any existing client portfolio's with data pre-30th June 2011, will continue to have access to this data, all other clients will have pre-june 2011 data removed.

It is recommended that any clients who require a copy of their 2010-2011 tax pack; to print, and retain, within their local records, before the end of November 2011.

Any questions regarding the BBY self clearing, please contact BBY trade support.

Broker Admin->enhancements

The following new features are available within the Broker Admin Console:

• Contact VillageMall Support: provides a direct interface into our Product Acton Request database, used by our Development group. This service is available 24*7.
• Issues: Provides access to VillageMall Technical issues which aaffect any VillageMall service.
• News: provides details of any system changes, new features or service releases which affect any VillageMall Service.