Invest|Pro™ For Collective Funds - Unit Pricing and NAV Calculations

By: Financial Risk Solutions  05/12/2011
Keywords: General Ledger, unit pricing

Security prices, corporate actions data and FX rates are taken from market data suppliers and Invest Pro™ uses this data to determine the unit prices of the level one (see Figure 2) funds.

The unit pricing process then operates on a cascade-up approach from the level one funds up to the highest level funds. Invest Pro™ also supports a flat level fund structure or a combination of flat and tiered.

The following features are incorporated within the Invest Pro™ unit pricing process:

Pricing Features
  • Allowance for UK ‘I-E’ taxation provisions
  • Multi series functionality
  • Automated check that the fund value determined from the primary records matches that calculated from the general ledger records
  • Accounting for asset disposals on either the first-in first out (FIFO) basis or the average cost basis.
  • Creation and cancellation basis pricing
  • Management of costs of acquisition and costs of disposal
  • Application of rules for rounding charges (stored when a fund is set up)
  • Complex fund charging structures

Keywords: General Ledger, unit pricing

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