Portfolio Accounting Sample Clauses

Portfolio Accounting. (1) Maintain portfolio records on a trade date basis using security trade information communicated from the Funds’ investment adviser. (2) Identify interest and dividend accrual balances as of each valuation date and calculate gross earnings on investments for each accounting period. (3) Determine gain/loss on security sales in accordance with the Governing Documents and identify them as short-term or long-term; account for periodic distributions of gains or losses to Shareholders and maintain undistributed gain or loss balances as of each valuation date. (4) Calculate the Management Fee (as that term is defined in the Governing Documents), and monitor for compliance with the expense limitation arrangement as set forth in the Governing Documents. (5) For each valuation date, calculate the expense accrual amounts in accordance with the Governing Documents or otherwise as directed by the Funds as to methodology, rate or dollar amount. (6) Process and record payments for expenses upon receipt of written authorization from the Funds. (7) For each valuation date, determine the net asset value of the Funds according to the accounting policies and procedures set forth in the Governing Documents. (8) Reconcile cash and investment balances of the Funds’ custodian. (9) Prepare monthly reports which document the adequacy of the accounting detail to support month-end ledger balances. (10) Prepare and provide various statistical data relating to the Funds as requested on an ongoing basis, including security transactions listings and portfolio valuations.
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Portfolio Accounting. Rodney Square shall provide the following accounting functions on a daily basis:
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Portfolio Accounting. (1) Maintain portfolio records on a trade date basis using security trade information communicated from the Manager. (2) Identify interest and dividend accrual balances as of each valuation date and calculate gross earnings on investments for each accounting period. (3) Determine gain/loss on security sales in accordance with the Governing Documents and identify them as short-term or long-term; account for periodic distributions of gains or losses to Unitholders of the Funds (the “Unitholders”) and maintain undistributed gain or loss balances as of each valuation date. (4) Calculate the Management Fee, Performance Fee and Carryforward Account (as those terms are defined in the Governing Documents), and monitor for compliance with the expense limitation arrangement as set forth in the Governing Documents. (5) For each valuation date, calculate the expense accrual amounts in accordance with the Governing Documents or otherwise as directed by the Funds as to methodology, rate or dollar amount. (6) Process and record payments for expenses upon receipt of written authorization from the Funds. (7) For each valuation date, determine the net asset value of the Funds according to the accounting policies and procedures set forth in the Governing Documents. (8) Reconcile cash and investment balances of the Funds’ custodian. (9) Prepare monthly reports which document the adequacy of the accounting detail to support month-end ledger balances. (10) Prepare and provide various statistical data relating to the Funds as requested on an ongoing basis, including security transactions listings and portfolio valuations.
Sample 1Sample 2
Portfolio Accounting. A. Portfolio Accounting Services (1) Maintain portfolio records on a trade date+1 basis using security trade and lending platform information communicated from the Fund’s investment adviser and communication by lending platform at individual loan trade level. For each valuation date, obtain prices from a pricing source approved by the board of trustees of the Fund (the “Board of Trustees”) and apply those prices to the portfolio positions. For those securities where market quotations are not readily available, the Board of Trustees shall approve, in good faith, procedures for determining the fair value for such securities and such fair values shall be provided to USBFS and USBFS shall apply those fair values to the relevant portfolio positions. (2) Identify interest and dividend accrual balances as of each valuation date and calculate gross earnings on investments for each accounting period. (3) Determine gain/loss on security sales and identify them as short-term or long-term; account for periodic distributions of gains or losses to shareholders and maintain undistributed gain or loss balances as of each valuation date. (4) On a daily basis, reconcile cash of the Fund with each of the Fund’s custodians. (5) Reconcile daily loan holdings of the Fund with each loan platforms providers’ data, if provided to USBFS, and Fund’s custodian records of all loans held under custody by the Fund’s custodian. (6) On a monthly basis, reconcile loan valuation provided by the Fund’s valuation agent received by USBFS against Fund’s portfolio valuation record to insure it is accurately recorded in the Fund. (7) Transmit a copy of the portfolio valuation to the Fund’s investment adviser monthly or as needed on ad-hoc basis. (8) Review the impact of current day’s activity on a per share basis, and review changes in market value. B. Expense Accrual and Payment Services: (1) For each valuation date, calculate the expense accrual amounts as directed by the Fund as to methodology, rate or dollar amount. (2) Process and record payments for Fund expenses upon receipt of written authorization from the Fund. (3) Account for Fund expenditures and maintain expense accrual balances at the level of accounting detail, as agreed upon by USBFS and the Fund on a periodic review basis (4) Provide expense accrual for approval and payment reporting.
Sample 1
Portfolio Accounting. Buyer shall work with Supplier to maintain the accounts and records for the portfolio of electric Energy sold and scheduled for delivery to Retail Load; and
Sample 1
Portfolio Accounting. A. Portfolio Accounting Services (1) Maintain portfolio records on a trade date+1 basis using security trade and lending platform information communicated from the Fund and communication by lending platform at individual loan trade level. For each valuation date, obtain prices from a pricing source approved by the board of trustees of the Fund (the “Board of Trustees”) and apply those prices to the portfolio positions. For those securities where market quotations are not readily available, the Board of Trustees shall approve, in good faith, procedures for determining the fair value for such securities and such fair values shall be provided to USBFS and USBFS shall apply those fair values to the relevant portfolio positions. (2) Identify interest and dividend accrual balances as of each valuation date and calculate gross earnings on investments for each accounting period. (3) Determine gain/loss on security sales and identify them as short-term or long-term; account for periodic distributions of gains or losses to shareholders and maintain undistributed gain or loss balances as of each valuation date. (4) On a daily basis, reconcile cash of the Fund with each of the Fund’s custodians. (5) Reconcile daily loan holdings of the Fund with each loan platforms providers’ data, if provided to USBFS, and Fund’s custodian records of all loans held under custody by the Fund’s custodian. (6) On a monthly basis, reconcile loan valuation provided by the Fund’s valuation agent received by USBFS against Fund’s portfolio valuation record to insure it is accurately recorded in the Fund.
Sample 1
Portfolio Accounting a. MBIA shall provide the following accounting functions on a daily basis: (1) Journalize each Portfolio's investment, capital share and income and expense activities; (2) Verify investment buy/sell trade tickets when received from the Advisor(s) and transmit trades to the Trust's Custodian for proper settlement; (3) Maintain individual ledgers for investment securities; (4) Maintain historical tax lots for each security; (5) Reconcile cash and investment balances of each Portfolio with the Custodian, and provide the Advisor(s) with the beginning cash balance available for investment purposes; (6) Update the cash availability throughout the day as required by the Advisor(s); (7) Post to and prepare each Portfolio's Statement of Assets and Liabilities and Statement of Operations; (8) Calculate expenses payable pursuant to the Trust's various contractual obligations; (9) Control all disbursements from the Trust on behalf of each Portfolio and authorize such disbursements upon Written Instructions; (10) Calculate capital gains and losses; (11) Determine each Portfolio's net income; (12) At the Portfolio's expense obtain security market prices or if such market prices are not readily available, then obtain such prices from services approved by the Advisor(s), and in either case calculate the market or fair value of each Portfolio's investments; (13) In the case of debt instruments with remaining maturities of sixty (60) days or less, calculate the amortized cost value of those instruments; (14) Transmit or mail a copy of the portfolio valuations into the Advisor(s); (15) Compute the net asset value of each Portfolio; (16) Compute each Portfolio's yields, total returns, expense ratios and portfolio turnover rate; and (17) Prepare and monitor the expense accruals and notify Trust management of any proposed adjustments. b. In addition, MBIA will: (1) Prepare monthly financial statements, which will include without limitation the Schedule of Investments, the Statement of Assets and Liabilities, the Statement of Operations, the Statement of Changes in Net Assets, the Cash Statement, and the Schedule of Capital Gains and Losses; (2) Prepare monthly security transactions listings; (3) Prepare monthly broker security transactions summaries; (4) Supply various Trust and Portfolio statistical data as requested on an ongoing basis; (5) Assist in the preparation of support schedules necessary for completion of Federal and state tax returns; (6) Assist in the preparation a...
Sample 1
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Related to Portfolio Accounting

  • Portfolio Accounting Services (1) Maintain portfolio records on a trade date+1 basis using security trade information communicated from the Fund’s investment adviser. (2) For each valuation date, obtain prices from a pricing source approved by the board of trustees of the Trust (the “Board of Trustees”) and apply those prices to the portfolio positions. For those securities where market quotations are not readily available, the Board of Trustees shall approve, in good faith, procedures for determining the fair value for such securities. (3) Identify interest and dividend accrual balances as of each valuation date and calculate gross earnings on investments for each accounting period. (4) Determine gain/loss on security sales and identify them as short-term or long-term; account for periodic distributions of gains or losses to shareholders and maintain undistributed gain or loss balances as of each valuation date. (5) On a daily basis, reconcile cash of the Fund with the Fund’s custodian. (6) Transmit a copy of the portfolio valuation to the Fund’s investment adviser daily. (7) Review the impact of current day’s activity on a per share basis, and review changes in market value.

  • Fund Accounting The Trustees may in their discretion from time to time enter into one or more contracts whereby the other party or parties undertakes to handle all or any part of the Trust’s accounting responsibilities, whether with respect to the Trust’s properties, Shareholders or otherwise.

  • Monthly Accountings Silicon shall provide Borrower monthly with an account of advances, charges, expenses and payments made pursuant to this Agreement. Such account shall be deemed correct, accurate and binding on Borrower and an account stated (except for reverses and reapplications of payments made and corrections of errors discovered by Silicon), unless Borrower notifies Silicon in writing to the contrary within thirty days after each account is rendered, describing the nature of any alleged errors or admissions.

  • PREMIUM ACCOUNTING The Company will pay the Reinsurer premiums in accordance with the terms specified in Exhibit C-1. The method and requirements for reporting and remitting premiums are specified in Exhibit F.

  • Fund Accounting Services (a) BNY, in performing the services required of it under the terms of this Agreement, shall be entitled to rely fully on the accuracy and validity of any and all instructions, explanations, information, specifications and documentation furnished to it by a Fund and shall have no duty or obligation to review the accuracy, validity or propriety of such instructions, explanations, information, specifications or documentation, including, without limitation, evaluations of securities; the amounts or formula for calculating the amounts and times of accrual of Fund's liabilities and expenses; the amounts receivable and the amounts payable on the sale or purchase of securities; and amounts receivable or amounts payable for the sale or redemption of Fund shares effected by or on behalf of the Fund. In the event BNY's computations hereunder rely, in whole or in part, upon information, including, without limitation, bid, offer or market values of securities or other assets, or accruals of interest or earnings thereon, from a pricing or similar service utilized, or subscribed to, by BNY which BNY in its judgment deems reliable, or any other third party pricing source designated by the Trust, BNY shall not be responsible for, under any duty to inquire into, or deemed to make any assurances with respect to, the accuracy or completeness of such information. BNY shall not be required to inquire into any valuation of securities or other assets by the Fund or any third party described in this Section, even though BNY in performing services similar to the services provided pursuant to this Agreement for others may receive different valuations of the same or different securities of the same issuers. (b) Subject to the provisions of this Agreement and the direction and approval of the Trust's Board, BNY shall perform the computations described in Schedule II at such times and dates and in the manner specified or described in the then-current prospectus(es) of a Fund. To the extent valuation of securities or a computation specified or described in a Fund's Pricing Procedures or then-current effective prospectus(es) is at any time inconsistent with any applicable laws or regulations, the Trust or BAAI shall immediately so notify BNY in writing and thereafter shall furnish BNY at all appropriate times with the values of such securities and such Fund's net asset value or other amounts otherwise to be calculated by BNY, or, subject to the prior approval of BNY, instruct BNY in writing to value securities and make such computations in a manner which the Trust or BAAI then represents in writing to be consistent with all applicable laws and regulations. The Trust or BAAI may also from time to time, subject to the prior approval of BNY, instruct BNY in writing to make computations other than as specified in this Section of this Agreement. By giving such instruction, the Trust or BAAI shall be deemed to have represented that such instruction is consistent with all applicable laws and regulations and the then-current effective prospectus(es) of the particular Fund. The Trust or BAAI shall have sole responsibility for determining the method of valuation of securities and the method of computations, and all computations, valuation of securities and the method of computing each Fund's net asset value shall be subject to approval by the Trust and BAAI. BNY shall not be liable for relying on any price provided by any pricing service believed by BNY to be reliable, and the Trust or BAAI shall furnish values when the same are not available from a pricing service utilized by BNY, with such furnishing to constitute an instruction to BNY to rely on the provided values. (c) BNY shall be responsible for determining and properly reflecting in the computations made by it under this Agreement: (i) the taxable nature of any distribution or amount received or deemed received by, or payable to, a Fund; (ii) the taxable nature or effect on a Fund or its shareholders of any corporate actions, class actions, tax reclaims, tax refunds, or similar events; (iii) the taxable nature or taxable amount of any distribution or dividend paid, payable or deemed paid, by a Fund to its shareholders; (iv) the effect under any federal, state, or foreign income tax laws of a Fund making or not making any distribution or dividend payment, or any election with respect thereto; or (v) any tax accounting; provided, however, that if BNY is not certain of the taxable nature, amount or effect of any such item, it may seek instructions regarding the proper treatment of such item from the Trust or BAAI in accordance with the procedures set forth in Section 1(e), above, and shall have no liability for acting in reliance on such instructions.

  • Acceptable Accounting System The Contractor shall maintain the acceptable/approved status of their Accounting System and submit updates to the current status

  • No Accounting Except to the extent required by the 1940 Act or, if determined to be necessary or appropriate by the other Trustees under circumstances which would justify his or her removal for cause, no person ceasing to be a Trustee for reasons including, but not limited to, death, resignation, retirement, removal or incapacity (nor the estate of any such person) shall be required to make an accounting to the Shareholders or remaining Trustees upon such cessation.

  • Fiscal Year; Accounting The Company's fiscal year shall be the calendar year with an ending month of December.

  • Pooling Accounting Notwithstanding anything to the contrary herein, if, but for any provision of this Agreement, a Change in Control transaction would otherwise be accounted for as a pooling-of-interests under APB No.16 ("Pooling Accounting") (after giving effect to xxx xxx xll other facts and circumstances affecting whether such Change in Control transaction would use Pooling Accounting), such provision or provisions of this Agreement which would otherwise cause the Change in Control transaction to be ineligible for Pooling Accounting shall be void and ineffective in such a manner and to the extent that by eliminating such provision or provisions of this Agreement, Pooling Accounting would be required for such Change in Control transaction.

  • Annual Accounting The Custodian shall, at least annually, provide the Depositor or Beneficiary (in the case of death) with an accounting of such Depositor's account. Such accounting shall be deemed to be accepted by the Depositor or the Beneficiary, if the Depositor or Beneficiary does not object in writing within 60 days after the mailing of such accounting statement.

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