A number with a record behind it.
NAV & reconciliation · AIFM Capital AB
A NAV needs complete accounting records, appropriate valuation inputs and checks that explain how the result was reached. We connect positions, cash, income, expenses and investor activity within the fund’s valuation framework.
01 · Inputs
Start with complete records.
Portfolio activity, cash balances, prices, fees and accruals contribute to the calculation. Inputs and valuation methods are organised around the assets and the fund’s documented principles.
02 · Reconciliation
Investigate the difference.
Cash and position records are tested against relevant external information. Differences are investigated, explained and resolved or escalated, rather than carried forward without an owner.
Make the calculation traceable.
Valuation judgements, review steps and approvals need supporting evidence. The result should be traceable to its inputs and the checks performed before release.
Frequency follows the fund.
The NAV calendar, valuation points, review responsibilities and delivery arrangements are agreed around the fund documentation. The process connects with financial reporting and the information required by managers, investors and the depositary.
Talk through your NAV process.
Start with your structure, the work you need support with and the questions on your desk.