Funds Administration
Support in the calculation of NAV and fund share price
Sofia offers modules for the calculation of the Net Asset Value (NAV) and the price of the Fund Share that represents each investor’s participation in the assets.
Solutions are available for the administration of internal funds linked to unit-linked policies, even where different commission classes are provided.
The environment of Sofia dedicated to NAV calculation offers great flexibility:
- each evaluation can be carried out without distinction on one or more funds and the calculations can be referred ton any date and performed with any frequency
- each evaluation can be carried out without distinction on one or more funds and the calculations can be referred ton any date and performed with any frequency
Among the elements of the fund, besides those made up from the financial portfolio, it is possible to register and manage assets and P/L entries, which includes the automatic calculation of:
- management, custodian and incentive fees
- personalized over performance fees
- retrocession fees on UCITS and ETFs
withholdings taxes
and other items at the complete discretion of the user, such as:
- certification and publication expenses
- general pro rata or cash costs and revenues
Every evaluation of the assets is equipped with all the analytical information necessary to reconstruct the calculation carried out.
With Sofia, it is also possible to carry out the calculation of the regulatory limits and produce COVIP reporting on assets, according to the layouts defined by the supervisory authority.
Sofia modules: