Correct a wrong NAV before investors deal on it

Reconcile scheme holdings, transactions, corporate actions, accruals and prices against custodian and registrar records and the valuation rules. Fund Accounting can publish a corrected NAV on time, refer pricing judgements to the valuation committee and compensate investors who dealt at a wrong price.

Starts when

Pre-publication variance check against benchmark, peer scheme or units outstanding fails
Custodian end-of-day position report does not match fund-accounting holdings
An NAV already published is found to be wrong
A price different from the valuation agencies' average is proposed for a holding

People in the process

FFund AccountingProcess Owner
VValuation CommitteeParticipating Team
TTrustee OversightParticipating Team

The process is a starting point. The standards are yours.

Configure for the SEBI registration, exchange membership and business activity. Broker, fund, portfolio-manager and investment-adviser requirements are separate.

Keep the work connected.

Compliance

Reconcile client funds and cover any shortfall the same day

Compare client money at the bank, clearing member and clearing corporation with client credit balances, and trace every break to a timing difference, wrong allocation or misuse. Finance can fund any shortfall the same day it is found while Compliance reports it and closes the break with evidence.

Margin Operations

Report client margin only as actually collected

Reconcile each client's collateral and collection records with the margin file and the clearing corporation's rejection or shortfall report, and classify every difference. Margin Operations can submit corrected files before the cut-off and avoid both short-collection penalties and false reporting.

RCC

Brokerage Operations

Repay failed client payouts to the right account

Join the client's payout request, running-account balance, bank payment and return reference to find whether the account or the amount went wrong. Brokerage Operations can re-pay correctly from the designated client bank account, update the ledger and tell the client what settled.

Explore all Capital markets processes.

Order for the work. Room for the people.