Fund Valuation. The Bank shall compute and, unless otherwise directed by the Board, determine as of the close of regular trading on the New York Stock Exchange on each day on which said Exchange is open for unrestricted trading and as of such other days, or hours, if any, as may be authorized by the Board, the net asset value and the public offering price of a share of beneficial interest of each Portfolio, such determination to be made in accordance with the provisions of the Articles and By-laws of the Fund and the Prospectus and Statement of Additional Information relating to the Portfolios, as they may from time to time be amended, and any applicable resolutions of the Board at the time in force and applicable; and promptly to notify the Fund, the proper exchange and the NASD or such other persons as the Fund may request of the results of such computation and determination. In computing the net asset value hereunder, the Bank may rely in good faith upon information furnished to it by any Authorized Person in respect of (i) the manner of accrual of the liabilities of each Portfolio and in respect of liabilities of a Portfolio not appearing on its books of account kept by the Bank, (ii) reserves, if any, authorized by the Board or that no such reserves have been authorized, (iii) the source of the quotations to be used in computing the net asset value, (iv) the value to be assigned to any security for which no price quotations are available, and (v) the method of computation of the public offering price on the basis of the net asset value of the shares, and the Bank shall not be responsible for any loss occasioned by its reasonable and good faith reliance on any quotations received from a source pursuant to (iii)or (iv) above.
Fund Valuation. The investments in the FUND shall be valued using the valuation method respectively defined in the PLAN(s)/TRUST DEED, which shall be in accordance with the applicable Rules and Regulations of the BSP. A performance review of the FUND shall be prepared on a quarterly basis.
Fund Valuation. Manage and respond to price challenges by advisor or sub-advisor - Investigate the occurrence stale prices - Assist Treasurer with follow -up on securities that have halted trading - Review prices that deviate from pre-established thresholds - Assist in communicating security fair valuation information to Board of Trustees - Assist in managing relationships with pricing service vendors
Fund Valuation. Follow SEI's standard pricing and valuation policies Obtain security valuation quotes from reliable industry resources Obtain broker quotes for securities whose prices cannot be obtained from pricing vendors (limited to 5% of holdings) Manage and respond to price challenges by advisor or sub-advisor Investigate stale prices Check for trading halts on securities at market close Calculate Net Asset Value (NAV) of each fund Validate prices that deviate from pre-established thresholds Communicate NAVs to NASDAQ & Transfer Agent
Fund Valuation. The Net Asset Value of the Fund is determined by the Foundation. It values the Fund’s portfolio investments and other assets and subtracts the Fund’s liabilities (other than obligations to pay Investors upon redemption requests), including fees and expenses payable to the various investment managers and to the Foundation. In making this determination, securities traded on the open market are valued at the price as of the close of business of the New York Stock Exchange (normally 4 p.m. Eastern time). To the extent that the Fund’s assets are traded on markets other than the New York Stock Exchange, the valuation may not occur at the close of business in those markets and may occur on a date that is not a trading day in those markets. Any securities for which quotations are not readily available are valued in good faith based on information the Foundation believes accurately reflects the fair market value.
Fund Valuation. Orders for purchase or redemption of fund shares that are in good order will normally be priced at the net asset value next computed after close of the New York Stock Exchange (normally 4:00 p.m. Eastern Time). The valuation of the available funds is dependent upon the securities markets. The applicable valuation date for fund transactions is subject to federal securities laws and regulations. Such laws and regulations could change in the future. In certain circumstances we may need to correct the pricing associated with an order that has been processed. In such circumstances, we may incur a loss or receive a gain depending upon the price of the fund when the order was executed and the price of the fund when the order was corrected. Losses may be covered from our assets and gains that may result from such order correction will be retained by us as additional compensation associated with order processing. Suspension of Financial Transactions or Payment Delay. We reserve the right to suspend financial transactions or postpone payments to the extent permissible under applicable federal securities laws and regulations, including during times when the following situations occur: The New York Stock Exchange (NYSE) is closed or trading on the NYSE is restricted; or The U.S. Securities and Exchange Commission (SEC) determines that a market emergency exists or the SEC restricts trading for the protection of investors.
Fund Valuation. Orders for purchase or redemption of fund shares that are in good order will normally be priced at the net asset value next computed after the close of the New York Stock Exchange (normally 4:00
