FUND AND PORTFOLIO ACCOUNTING Sample Clauses

FUND AND PORTFOLIO ACCOUNTING. A. Maintenance of Fund General Ledger and Journal.
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FUND AND PORTFOLIO ACCOUNTING a. Maintenance of Fund General Ledger and Journal. b. Preparing and recording disbursements for direct Fund expenses. c. Preparing daily money transfers. d. Reconciliation of all Fund bank and custodian accounts. e. Assisting Fund independent auditors as appropriate. f. Prepare daily projection of available cash balances. g. Record trading activity for purposes of determining net asset values and daily dividend. h. Prepare daily portfolio evaluation report to value portfolio securities and determine daily accrued income. i. Determine the daily net asset value per share. j. Determine the daily, monthly, quarterly, semiannual or annual dividend per share. k. Prepare monthly, quarterly, semiannual and annual financial statements. l. Provide financial information for reports to the Securities and Exchange Commission in compliance with the provisions of the Investment Company Act of 1940 and the Securities Act of 1933, the Internal Revenue Service and any other regulatory agencies as required. m. Provide financial, yield, net asset value, etc. information to NASD and other survey and statistical agencies as instructed by the Fund. n. Reports to the Audit Committee of the Board of Directors, if applicable.
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FUND AND PORTFOLIO ACCOUNTING a. Maintain Fund General Ledger and Journal. b. Prepare and record disbursements for direct Fund expenses. c. Prepare daily money transfers. d. Reconcile all Fund bank and custodian accounts. e. Assist Fund independent auditors as appropriate. f. Prepare daily projection of available cash balances. g. Record trading activity for purposes of determining net asset values and daily dividend. h. Prepare daily portfolio evaluation report to value portfolio securities and determine daily accrued income. i. Determine the daily net asset value per share. j. Determine the daily, monthly, quarterly, semiannual or annual dividend per share. k. Prepare monthly, quarterly, semiannual and annual financial statements. l. Provide financial information for reports to the Securities and Exchange Commission in compliance with the provisions of the 1940 Act and the Securities Act of 1933, the Internal Revenue Service and any other regulatory agencies as required. m. Provide financial, yield, net asset value, etc. information to NASD and other survey and statistical agencies as instructed by the Fund. n. Report to the Audit Committee of the Board of Directors.
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Related to FUND AND PORTFOLIO ACCOUNTING

  • Investment Portfolio All investment securities held by Seller or its Subsidiaries, as reflected in the consolidated balance sheets of Seller included in the Seller Financial Statements, are carried in accordance with GAAP, specifically including but not limited to, FAS 115.

  • Fund Accounting The Trustees may in their discretion from time to time enter into one or more contracts whereby the other party or parties undertakes to handle all or any part of the Trust’s accounting responsibilities, whether with respect to the Trust’s properties, Shareholders or otherwise.

  • Investment Accounts Schedule 2 sets forth under the headings “Securities Accounts” and “Commodity Accounts”, respectively, all of the Securities Accounts and Commodity Accounts in which such Grantor has an interest. Except as disclosed to the Administrative Agent, such Grantor is the sole entitlement holder of each such Securities Account and Commodity Account, and such Grantor has not consented to, and is not otherwise aware of, any Person (other than the Administrative Agent) having “control” (within the meanings of Sections 8-106 and 9-106 of the UCC) over, or any other interest in, any such Securities Account or Commodity Account or any securities or other property credited thereto;

  • Financial Accounts Exhibit E, as may be updated by the Borrower in a written notice provided to Agent after the Closing Date, is a true, correct and complete list of (a) all banks and other financial institutions at which Borrower or any Subsidiary maintains Deposit Accounts and (b) all institutions at which Borrower or any Subsidiary maintains an account holding Investment Property, and such exhibit correctly identifies the name, address and telephone number of each bank or other institution, the name in which the account is held, a description of the purpose of the account, and the complete account number therefor.

  • Investment of Account Assets a. All contributions to the custodial account shall be invested in the shares of the Provident Trust Mutual Funds, Inc. or, if available, any other series of Provident Trust Mutual Funds, Inc. or other regulated investment companies for which Provident Trust Company serves as Investment Advisor or designates as being eligible for investment. Shares of stock of an Investment Company shall be referred to as “Investment Company Shares”. To the extent that two or more funds are available for investment, contributions shall be invested in accordance with the depositor’s investment election.

  • The Investment Account; Eligible Investments (a) Not later than the Withdrawal Date, the Master Servicer shall withdraw or direct the withdrawal of funds in the Custodial Accounts for P&I, for deposit in the Investment Account, in an amount representing:

  • Investment Assets Those assets of the Fund as the Advisor and the Fund shall specify in writing, from time to time, including cash, stocks, bonds and other securities that the Advisor deposits with the Custodian and places under the investment supervision of the Sub-Advisor, together with any assets that are added at a subsequent date or which are received as a result of the sale, exchange or transfer of such Investment Assets.

  • Portfolio Accounting Services (1) Maintain portfolio records on a trade date+1 basis using security trade information communicated from the Fund’s investment adviser.

  • Portfolio Transactions The Manager is authorized to select the brokers or dealers that will execute the purchases and sales of portfolio securities for the Portfolio and is directed to use its best efforts to obtain the best available prices and most favorable executions, except as prescribed herein. It is understood that the Manager will not be deemed to have acted unlawfully, or to have breached a fiduciary duty to the Fund or to the Portfolio, or be in breach of any obligation owing to the Fund or to the Portfolio under this Agreement, or otherwise, solely by reason of its having caused the Portfolio to pay a member of a securities exchange, a broker, or a dealer a commission for effecting a securities transaction for the Portfolio in excess of the amount of commission another member of an exchange, broker, or dealer would have charged if the Manager determines in good faith that the commission paid was reasonable in relation to the brokerage or research services provided by such member, broker, or dealer, viewed in terms of that particular transaction or the Manager’s overall responsibilities with respect to its accounts, including the Fund, as to which it exercises investment discretion. The Manager will promptly communicate to the officers and directors of the Fund such information relating to transactions for the Portfolio as they may reasonably request.

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