Fund Operations
Historic Pricing
Definition
What is Historic Pricing?
A fund-pricing method using a price calculated before the investorA person or organisation that commits capital with the expectation of a financial return.'s order is received.
Example in practice
How This Looks in Practice
The fund publishes a morning price used for transactions until the next valuation.
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Related Terms
Fund Operations
Dealing Cut-Off Time
The deadline by which a valid fund instruction must be received for a particular dealing day.
Fund OperationsValuation Point
The specified time at which a fund values its assets and calculates dealing prices.
Fund OperationsForward Pricing
A fund-pricing method under which orders receive a price calculated after the instruction is accepted.
Fixed IncomeBond
A debt security through which an investor lends money to an issuer in return for promised payments.