VALUATION SUPPORT AND COMPUTATION ACCOUNTING SERVICES. BNY Mellon shall provide the following valuation support and computation accounting services for each Fund: Journalize investment, capital share and income and expense activities; Maintain individual ledgers for investment securities; Maintain historical tax lots for each security; Corporate action processing as more fully set forth in the SLDs; Reconcile cash and investment balances of each Fund with the Fund’s custodian or other counterparties as applicable; Provide a Fund’s investment adviser, as applicable, with the cash balance available for investment purposes at start-of-day and upon request, as agreed by the parties; Calculate capital gains and losses; Calculate daily distribution rate per share; Determine net income; Obtain security market quotes and currency exchange rates from pricing services approved by a Fund’s investment adviser, or if such quotes are unavailable, then obtain such prices from the Fund’s investment adviser, and in either case, calculate the market value of each Fund’s investments in accordance with the Fund's valuation policies or guidelines; provided, however, that BNY Mellon shall not under any circumstances be under a duty to independently price or value any of the Fund's investments, including securities lending related cash collateral investments (with the exception of the services provided hereunder to Funds utilized for such cash collateral investments), itself or to confirm or validate any information or valuation provided by the investment adviser or any other pricing source, nor shall BNY Mellon have any liability relating to inaccuracies or otherwise with respect to such information or valuations; notwithstanding the foregoing, BNY Mellon shall follow the established procedures and controls to identify exceptions, tolerance breaches, etc. and to research and resolve or escalate any pricing inaccuracies; Application of the established automated price validation rules against prices received from third party vendors and review of exceptions as identified; Calculate Net Asset Value in the manner specified in the Fund’s Offering Materials (which, for the service described herein, shall include the Fund’s Net Asset Value error policy); Calculate Accumulated Unit Values (“AUV”) for select funds as mutually agreed upon between the parties; Transmit or make available a copy of the daily portfolio valuation to a Fund’s investment adviser; Calculate yields, portfolio dollar-weighted average matu...
VALUATION SUPPORT AND COMPUTATION ACCOUNTING SERVICES. BNY Mellon shall provide the following valuation support and computation accounting services for each Fund: • Journalize investment, capital share and income and expense activities; • Maintain individual ledgers for investment securities; • Maintain historical tax lots for each security; • Reconcile cash and investment balances of each Fund with the Fund’s custodian and provide a Fund’s investment adviser, as applicable, with the beginning cash balance available for investment purposes upon request; • Calculate various contractual expenses; • Calculate capital gains and losses; • Calculate daily distribution rate per share; • Determine net income; • Obtain security market quotes and currency exchange rates from pricing services approved by a Fund’s investment adviser (including facilitating pricing challenges and periodically providing secondary price reports), or if such quotes are unavailable, then obtain such prices from the Fund’s investment adviser, and in either case, calculate the market value of each Fund’s investments in accordance with the Fund’s valuation policies or guidelines; provided, however, that BNY Mellon shall not under any circumstances be under a duty to independently price or value any of the Fund’s investments, including securities lending related cash collateral investments, itself; • Calculate Net Asset Value in the manner specified in the Fund’s Offering Materials and its current valuation policy (which, for the service described herein, shall include the Fund’s Net Asset Value error policy); • Transmit or make available a copy of the daily portfolio valuation to a Fund’s investment adviser; • Calculate yields, SEC yields, and portfolio average dollar-weighted maturity as applicable; and • Calculate portfolio turnover rate for inclusion in the annual and semi-annual shareholder reports.
VALUATION SUPPORT AND COMPUTATION ACCOUNTING SERVICES. BNY Mellon shall provide the following valuation support and computation accounting services with respect to each Trust: ▪ Journalize investment, capital share and income and expense activities; ▪ Verify investment buy/sell trade tickets when received from the investment adviser for the Trust; ▪ Maintain individual ledgers for investment securities; ▪ Maintain historical tax lots for each security; ▪ Reconcile cash and investment balances of the Trust with the Trust’s custodian and provide the Trust’s investment adviser with the beginning cash balance available for investment purposes upon request; ▪ Provide cash availability for the Trust; ▪ Calculate various contractual expenses; ▪ Calculate capital gains and losses; ▪ Calculate daily distribution rate per share; ▪ Determine net income; ▪ Obtain security market quotes and currency exchange rates from pricing services approved by the Trust’s investment adviser, or if such quotes are unavailable, then obtain such prices from the Trust’s investment adviser, and in either case, calculate the market value of the Trust’s investments in accordance with the Trust’s valuation policies or guidelines; provided, however, that BNY Mellon shall not under any circumstances be under a duty to independently price or value any of the Trust’s investments, including securities lending related cash collateral investments, itself or to confirm or validate any information or valuation provided by the investment adviser or any other pricing source, nor shall BNY Mellon have any liability for relying fully on information or valuations provided by the investment adviser or any other pricing source; ▪ Calculate Net Asset Value in the manner specified in the Portfolio’s Offering Materials (which, for the service described herein, shall include the Trust’s Net Asset Value error policy); ▪ Transmit or make available a copy of the daily portfolio valuation to the Trust’s investment adviser; ▪ Calculate yields and portfolio average dollar-weighted maturity as applicable; ▪ Calculate portfolio turnover rate for inclusion in the annual and semi-annual shareholder reports; ▪ Provide summary cash availability balances to the Trust’s transfer agent and custodian to facilitate cash sweep processing; and ▪ Provide FAS157 security level reporting.
VALUATION SUPPORT AND COMPUTATION ACCOUNTING SERVICES. BNY Mellon shall provide the following valuation support and computation accounting services for each Fund: § Journalize investment, capital share and income and expense activities;
VALUATION SUPPORT AND COMPUTATION ACCOUNTING SERVICES. BNY Mellon shall provide the following valuation support and computation accounting services for each Fund: ◾ Journalize investment, capital share and income and expense activities; ◾ Maintain individual ledgers for investment securities; ◾ Maintain historical tax lots for each security; ◾ Reconcile cash and investment balances of each Fund with the Fund’s custodian and provide a Fund’s investment adviser, as applicable, with the beginning cash balance available for investment purposes upon request; ◾ Calculate various contractual expenses; ◾ Calculate capital gains and losses; ◾ Calculate daily distribution rate per share; ◾ Determine net income;
