NAV Solutions for NAV oversight and contingency

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BNY Mellon NAV Solutions is an innovative, provider-agnostic, suite of solutions to deliver greater NAV oversight and contingency for the investment industry. The financial industry is seeing an increasing trend in firms outsourcing their fund accounting services so that they can focus on their core business strategies. As a result, clients are tasked by their fund boards, investors and regulators to demonstrate strong oversight of these outsourced arrangements. NAV Solutions capabilities include oversight and back-up NAV calculation solutions for funds serviced by BNY Mellon or other providers. It delivers an independently calculated NAV to provide protection and resiliency, and increase efficiency in the event of a provider outage.

Key Features

NAV Solutions provides three solutions that enhance resiliency and reduce risk:

NAV Review

  • Aggregates fund accounting data directly from one or more service providers, reducing the need for manual collation
  • Provides additional NAV validation and oversights of your fund administrators
  • Performs automated NAV validation rules and maintains a full audit trail
  • Provides insights and analytics that identify and alert to exceptions

Oversight with Expected NAV

All of above, plus:

  • Calculates expected NAV based on unique NAV ProtectTM algorithm without shadow accounting
  • Performs expected NAV to actual NAV comparison, and daily movement analysis identifies valuation exceptions for escalation with drill down capabilities
  • Enhances oversight services by delivering: Independence from fund administrators; Managed data and daily workload; Intraday oversight prior to NAV release; Evidence-based, review transparency through portal access

Back-up NAV

  • Dedicated backup NAV workflow
  • Leverages computed expected NAV
  • Structured, auditable and rapid fail-over methodology
  • Reliable and accurate performance over a multi-day outage period
  • Operates off independent data sources
  • Independent of primary accounting service providers or accounting platform
  • Alternate dissemination path

Key Benefits

  • Pioneering suite of services operating independently of outsourced fund accounting agents including BNY Mellon and/or other providers
  • Provides a best practice for independence and resilience across multiple service providers, including NAV continuity in the event of multi-day provider outages
  • Provides access to an independently calculated expected NAV to streamline governance and help perform oversight obligations utilizing third party market data
  • Helps reduce dependency on internal shadow book, internal oversight, contingency solutions and other third-party software
  • Can be leveraged for ETFs requiring additional oversight on the NAVs of their primary administrators

Product/Service details