Definition: A NAV oversight process that validates specific components of the fund administrator’s NAV calculation (such as high-level P&L or key fee calculations) rather than recalculating the entire NAV from scratch. It is a more cost-effective, top-down approach than full shadow accounting.
Example: Cash and position reconciliation, or independently verifying cash balances and asset positions to ensure the administrator’s records match the prime broker or custodian data.
Explore the IVP NAV Solution
The IVP NAV Solution supports a wide range of partial shadow NAV applications. 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.
