Common use of Performance of Accounting Services Clause in Contracts

Performance of Accounting Services. In addition to the maintenance of the books and records specified above, perform the following accounting services (monthly, unless expressly provided otherwise): a. Calculate the net asset value of the Fund and the balance of each Member's capital account, utilizing prices for the securities held in the Fund's portfolio (including interests in Portfolio Funds and Portfolio Accounts) obtained from sources approved by the Fund, or as provided by the Adviser; b. Reconcile with the custodian and Adviser all trade activity; c. Reconcile cash and investment balances of the Fund with the Fund's custodian, and provide the Investment Manager with the beginning cash balance available for investment purposes. Update the cash availability throughout the day as required by the Investment Manager; d. Confirm the net asset value calculation prior to release to Members; e. Determine unrealized appreciation and depreciation on securities held; f. Post Fund transactions to appropriate general ledger categories; g. Accrue expenses (including management fees and fees payable to service providers) according to budgets prepared; h. Monitor and report to the Fund and its custodian the outstanding receivables and payables for all (1) security trades, (2) transactions in Interests in the Fund and (3) income and expense accounts; and i. Post summary Member activity and reconcile balances, including receivables and payables.