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NAV Oversight demo

Checks each administrator NAV against the manager's own books and sizes errors for controllers 1:31

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What the demo shows

Checks each administrator NAV against the manager's own books and sizes errors for controllers

Tonight's NAVs are the screen: every fund on its own tolerance band, the administrator's NAV at the center, the shadow as ticks, the fund's policy at the edges, sorted so whatever breaks policy sits at the top with a Hold button and the cut-off counting down, with the agents' thread beside it. Seven agents do the work between the pack and the cut-off. The Intake agent collects and reads each administrator's pack in its own language; the Shadow agent builds an independent NAV for every share class from the manager's books and independent prices; the Driver agent splits every difference into its drivers with the source line; the Challenger agent re-checks the main driver from a source the Driver did not use and says when they disagree; the Sizing agent applies the fund's own NAV error policy to show what publishing would cost; the Escalation agent drafts the challenge to the administrator and re-checks the restrike; the Evidence agent keeps the trail, drafts the board report and proposes new controls. Analysts propose, a different controller holds or releases, the treasurer signs corrections, and the Head of Fund Accounting approves policies and second-approves errors of 0.5% of NAV or more.

Transcript

  1. NAV Oversight checks each administrator NAV against your own books for fund controllers.
  2. The liability stays with you.
  3. The SEC fined one manager $3.9 million.
  4. Of tonight's 340 share classes, short duration sits 1.3 cents over its 1-cent policy.
  5. The Driver agent fines why.
  6. A stale Corvain bond price, 101.8 against 99.4.
  7. for. The issuer's notice sits in Portuguese beside the English, a second agent agrees.
  8. Published, the sizing agent says it would cost the fund about $24,000.
  9. Maya Chun approves the hold, and the evidence goes to the administrator.
  10. The restrike is rechecked by the shadow agent, and Maya releases before the cutoff.
  11. Every figure is cited, every decision made by a second person and all of it logged.
  12. Since GoLive, 23 breaks caught before publication, none published over policy.
  13. Built on Botminds: agents, data, screens, and governance on one platform.

Transcribed from the film’s narration. Captions are on the player.