Definition: A control process that verifies the accuracy of a fund’s daily NAV before it is released to investors. NAV oversight helps ensure that share prices are correct, that they comply with regulations, and that they mitigate financial or reputational risks caused by calculation errors.
Example: Common NAV validation procedures include price tolerance checks, asset/liability verification, independent calculation, zero-balance checks, and transaction controls.
Explore the IVP NAV Solution
The IVP NAV Solution can dramatically simplify NAV validation. It enables real-time NAV finalization for multiple funds with complete traceability for specific NAV components. It centralizes NAV oversight in one intuitive experience with automated exception identification and trend analysis, so asset managers can quickly and easily remediate NAV anomalies at the key component, share class, and security level.
