7d • General discussion
🎯 NAV Pro Tip #5: The Dealing & Shares Outstanding Check
Before you calculate NAV, take 3 minutes to validate subscriptions/redemptions and shares:
✅ Are today’s subscriptions/redemptions complete and authorised?– Dealing blotter received and signed off?– Late trades identified and handled per policy?– Any cancellations/amendments processed correctly?
✅ Do shares/units outstanding reconcile?– Shares roll-forward ties to yesterday + today’s dealing?– Class-level shares updated correctly (not just fund total)?– Any manual overrides reviewed and documented?
✅ Do cash movements match the dealing activity?– Expected cash in/out aligned to subscriptions/redemptions?– Swing pricing / dilution levy applied correctly (if relevant)?– Any “unmatched” dealing cash sitting in suspense?
Why this matters:
A NAV can be perfectly priced and still be wrong if the shares outstanding or dealing cash is wrong. These are high-impact inputs that can cause immediate investor harm and trigger escalations.
Pro move:
If dealing volume is unusual, treat it like a control event: do a quick second review before you press “final.”
Building better NAV production habits, one day at a time.
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🎯 NAV Pro Tip #5: The Dealing & Shares Outstanding Check
