INAV means an intra-day portfolio value, the calculation of which is based upon information available during the trading day or any portion of the trading day, and will ordinarily be based upon the current value of the assets/exposures of the Fund in effect on such Business Day, together with any cash amount in the Fund as at the previous Business Day.
INAV means Intra-day Indicative net asset value calculated on a current basis (with regular intervals) after incorporating the price change of underlying securities throughout a business day. INAV is indicative current basis net asset value of an ETF unit that facilitates trading of ETF in the secondary market.
INAV means Indicative Net Asset Value of the ETF calculated periodically throughout the Dealing Day
Examples of INAV in a sentence
Market on Close at the INAV Book order Phase 1 “IC” and phase 2 “ID”) 1.3.13.1. Features a) Applicable to the following Domestic ETFs for which the BMV disseminates its INAV (Intrinsec Net Asset Value).
At he INAV When the Electronic Book contains buy and sell Orders from the same Member that can be matched and wherein one of the sides corresponds to the Market Maker and the other to a third-party or proprietary account, then they will be deemed to be Cross Trades and, depending on the conditions under which they occur, will be classified under subsections 3 or 4 previously set forth.
Allow Execution of pre allocated trades at close, at vwap and at INAV, with securities halted at the end of the continuous market.
The maximum margin between the bid and offer prices is 6% divided equally by 3% above and 3% below the Indicative Net Asset Value (INAV).
The relevant Markets will determine the margin according to which the Authorised Participants will work from time to time when determining the bid and offer prices at the time of placing the orders in the relevant Markets, provided that this margin does not exceed at all times the 6% specified in this Prospectus as a maximum (+/- 3%) of the INAV.
More Definitions of INAV
INAV means an intra-day portfolio value, the calculation of which is based upon information available during the trading day or any portion of the trading day, and will ordinarily be based upon the current value of the assets/exposures of the Fund in effect on
INAV means Intra Day Net Asset Value calculated on a real time basis after incorporating the price change of underlying securities throughout business day. INAV is indicative real time Net Asset Value of an ETF unit that facilitates trading of the ETF units in the secondary market. It is calculated and disseminated by AMC however; AMC may delegate this function to a third party;
INAV means the actual price paid by Exane Derivatives for the execution of its subscription order on the basis of the official net asset value of the Fund calculated as of the Initial Valuation Date, expressed in EUR.
INAV means an intra-day portfolio value, the calculation of which is based upon information available during the trading day or any portion of the trading day, and will ordinarily be based upon the current value of the assets/exposures of the Fund in effect on such Business Day, together with any cash amount in the Fund as at the previous Business Day."Index Provider"means in relation to a Fund, the entity or person acting by itself or through a designated agent which compiles, calculates and publishes information on the Index corresponding to a Fund and who has licensed the Index to the ICAV, as specified in the relevant Supplement."Initial Issue Price"means the price per Share (excluding any Subscription Charge) at which Shares are initially offered in a Fund for such period as is specified in the Supplement for the relevant Fund."Instrument"means the instrument of incorporation of the ICAV as may be amended from time to time."International Central Securities Depositary" or "ICSD"means an international Central Securities Depositary being currently Euroclear Bank S.A./N.V. and Clearstream Banking S.A., Luxembourg and any successor entities thereto."Investment Management Agreement"means the amended and restated investment management agreement dated 26 January 2017 as further amended by way of novation agreement dated 31 October 2017, between the ICAV and the Investment Manager, as may be amended or supplemented from time to time in accordance with the requirements of the Central Bank."Investment Manager"means FinEx Investment Management LLP or any other person or persons for the time being duly appointed investment manager of the ICAV in addition or in succession to FinEx Investment Management LLP and where the Investment Manager has delegated responsibility for the management of the assets of a Fund, the term Investment Manager shall also refer to the sub- investment manager of that particular Fund."Investor Money Regulations"means the Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1)) Investor Money Regulations 2015 for Fund Service Providers, as may be amended from time to time."Irish Resident"means any person resident in Ireland or ordinarily resident in Ireland other than an Exempt Irish Investor."Issue Price"means the price at which Shares are issued, as further described in the section headed "Issue and Repurchase Prices/Calculation of Net Asset Value"."KIID"means the key investor information document."Launch Date"means the date on which...
INAV means intraday net asset value calculated on a real time basis after incorporating the price change of underlying securities throughout the business day. INAV is indicative current basis Net Assets Value of an UBL PAK ETF Unit that facilitates trading of UBL PAK ETF in the secondary market, which may be above or below actual NAV of the Scheme.
INAV means the indicative net asset value calculated and published by such entity as determined by the Directors from time to time on each day on which the Relevant Stock Exchange is open for trading. For the avoidance of doubt, the iNAV does not constitute the finalised Net Asset Value calculated with respect to the Valuation Point as published by the Administrator.
INAV means the prevailing intra-day NAV published by an iNAV provider throughout the trading day; and