NAV Calculation & Pricing

  • Valuation and pricing for periodic (daily, weekly, monthly etc.), technical/hard close, indexed and ex-distribution pricing
  • Single price or dual price calculations such as NAV, bid, offer, or swing prices, as well as crediting rates
  • Multi-class, multi-currency and hedged share classes
  • Multiple pricing points and complete or partial pricing re-runs
  • Capital and income pricing with income equalization
  • Client specific calculation templates, with flexibility to configure client or fund specific business rules

Fee Calculation Methods

  • Fee calculation methods include:
    • Flat – apportionment of amount
    • Percentage – of fee basis (e.g. Previous GAV)
    • Sliding scale absolute
    • Sliding scale cumulative
    • Above fees associated with an investment (e.g. sector)
    • Performance fees
    • Adjustments for sales tax and rebates associated with fees
  • Transaction types defining accounting journal generation
  • Ability to apportion manager or performance fee amounts across an interfunded structure on a lookthrough ownership basis

Validation Controls

  • Market Data Validations for validation of security prices, market indices and FX rates.
  • Generation of daily re-weighted dynamic benchmarks using actual fund asset weights for best possible comparison.
  • NAV Movement Analysis to provide hierarchical NAV movement breakdown, with tolerance checking.
  • Ability to manage multiple tolerance settings across hierarchies of clients, products, sectors and portfolios.

Extensibility

  • Where Fund Accounting is undertaken within pControl then asset and liability calculations directly utilizes the single record Fund Ledger processing, Gain / Loss Management and Account Views functionality.
  • Where direct asset valuations and transactions are required to be imported from external accounting systems or Third Party Administrators, then Asset Level Validations (optional) may be deployed.
  • For taxable entities, Tax Expense (optional) delivers actual daily tax expense values directly into the NAV calculation process.