Fund Processing Passport
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The Fund Processing Passport (FPP), developed by EFAMA, is a fully harmonized document with all the key "operational" information that fund promoters should provide on their investment funds in order to facilitate their trading.
Laptop
A laptop is a portable personal computer with a clam shell form factor, suitable for mobile use.[1] They are also sometimes called notebook computers or notebooks. Laptops are commonly used in a variety of settings, including work, education, and personal multimedia. They are frequently used as a primary PC platform among young people.A laptop combines the components and inputs as a desktop computer; including display, speakers keyboard, and pointing device (such as a touch pad), into a single device. Most modern-day laptop computers also have a webcam and a mic (microphone) pre-installed.[citation needed] A laptop can be powered either from a rechargeable battery, or by mains electricity via an AC adapter. Laptops are a diverse category of devices, and other more specific terms, such as ultra books or net books, refer to specialist types of laptop which have been optimized for certain uses. Hardware specifications change vastly between these classifications, forgoing greater and greater degrees of processing power to reduce heat emissions.Portable computers, originally monochrome CRT-based and developed into the modern laptops, were originally considered to be a small niche market, mostly for specialized field applications such as the military, accountants and sales representatives. As portable computers became smaller, lighter, cheaper, and more powerful and as screens became smaller and of better quality, laptops became very widely used for a variety of purposes.The functions of the laptops are : A microprocessor for processing data A keyboard for entering data Accepting data –accepts data input from the user through various input devices. (e.g. microphone, memory card and digital camera )
History
The FPSG published its first set of recommendations in February 2005. An updated report was published in September 2008. This report consolidates the 2005 recommendations and extends them in three service areas: holding and transaction reporting, commission handling and settlement cycles.
In early 2007, EFAMA published the version 1.0 of the Fund Processing Passport, which had been outlined in the FPSG recommendations of 2005. To highlight the rationale for the FPP, EFAMA published a brochure in June 2007. In May 2008, EFAMA released a revised and improved version of the FPP, together with an updated version of its User Guide and formatting guidelines (see "Fund Processing Passport User Guide", version 2.0, Excel file)
EFAMA strongly believes that the FPSG recommendations, if embraced by the industry, will serve to converge towards industry-wide standards, thereby removing an important barrier to the development of harmonized processing of investment fund transactions in Europe.