Daily Valuation Processing Clause Samples

Daily Valuation Processing. Each day, Administrator shall compute the then current value for each funding option of a Policy affected by one or more Policy transactions for that day. "Policy transactions" for these purposes shall include, but not be limited to, premium payments, funding option transfers, partial or full surrenders, or Policy loan disbursements which affect the total number of units or the Unit Asset Value ("UV") of any variable funding option under a Policy. Administrator shall make such computations and transmit same to Carrier by Interface no later than midnight on each day the New York Stock Exchange is open for business or as otherwise specified in the prospectus of each VUL.
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Related to Daily Valuation Processing

  • Pricing and Portfolio Valuation All expenses of computing the Fund 's net asset value per share, including any equipment or services obtained for the purpose of pricing shares or valuing the Fund 's investment portfolio.

  • Customs Valuation The Parties shall determine the customs value of goods traded between them in accordance with the provisions of Article VII of GATT 1994 and the Customs Valuation Agreement.

  • Fund Valuation and Financial Reporting Services (1) Account for Fund share purchases, sales, exchanges, transfers, dividend reinvestments, and other Fund share activity as reported by the Fund’s transfer agent on a timely basis. (2) Apply equalization accounting as directed by the Fund. (3) Determine net investment income (earnings) for the Fund as of each valuation date. Account for periodic distributions of earnings to shareholders and maintain undistributed net investment income balances as of each valuation date. (4) Maintain a general ledger and other accounts, books, and financial records for the Fund in the form as agreed upon. (5) Determine the net asset value of the Fund according to the accounting policies and procedures set forth in the Fund’s current prospectus. (6) Calculate per share net asset value, per share net earnings, and other per share amounts reflective of Fund operations at such time as required by the nature and characteristics of the Fund. (7) Communicate to the Fund, at an agreed upon time, the per share net asset value for each valuation date. (8) Prepare monthly reports that document the adequacy of accounting detail to support month-end ledger balances. (9) Prepare monthly security transactions listings.

  • Determination Date The Business Day immediately preceding the related Remittance Date.