Fund Operations
Valuation Point
Definition
What is Valuation Point?
The specified time at which a fund values its assets and calculates dealing prices.
Example in practice
How This Looks in Practice
The fund values its portfolioThe complete collection of investments owned by an investor or managed under one mandate. at the close of each business dayA day on which relevant financial institutions and markets are open for normal processing..
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Related Terms
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Dealing Cut-Off Time
The deadline by which a valid fund instruction must be received for a particular dealing day.
Fund OperationsForward Pricing
A fund-pricing method under which orders receive a price calculated after the instruction is accepted.
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A fund-pricing method using a price calculated before the investor's order is received.
Fixed IncomeBond
A debt security through which an investor lends money to an issuer in return for promised payments.