Sep 13, 2016 12:00
7 yrs ago
English term
Brazil
25 years in international banking
Native in: French 
, Portuguese
Works in: English to French, Portuguese to French, Spanish to French, and 3 more.
is struck
English to French
Bus/Financial
Management
Assets Management
Any applications received after the time specified from time to time by the Directors but before the time at which the Net Asset Value with respect to a Dealing Day is struck may, at the sole discretion of the Directors, be accepted for the relevant Dealing Day.
Merci
Merci
Proposed translations
(French)
| 3 +1 | est determinée |
Francois Boye
|
| 3 -1 | (la valeur) est atteinte |
Ana Vozone
|
Proposed translations
+1
11 hrs
Francois Boye
United States
United States
Native in French
United States
An economic geek with social skills
Native in: French 
Works in: English to French, French to English, Spanish to English, and 1 more.
Related KudoZ points
:
60
Selected
est determinée
A dealing day ends at a specific point in time. It is at that point that the Net Asset Value with respect to a Dealing Day is determined
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Note added at 1 day6 hrs (2016-09-14 18:35:27 GMT)
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BREAKING DOWN 'Net Asset Value - NAV'
In the context of mutual funds, NAV per share is computed once per day based on the closing market prices of the securities in the fund's portfolio. All of the buy and sell orders for mutual funds are processed at the NAV of the trade date. However, investors must wait until the following day to get the trade price. Mutual funds pay out virtually all of their income and capital gains. As a result, changes in NAV are not the best gauge of mutual fund performance, which is best measured by annual total return.
Because ETFs and closed-end funds trade like stocks, their shares trade at market value, which can be a dollar value above (trading at a premium) or below (trading at a discount) NAV. ETFs have their NAV calculated daily at the close of the market for reporting purposes, but they also calculate intra-day NAV multiple times per minute in real time.
--------------------------------------------------
Note added at 1 day6 hrs (2016-09-14 18:35:27 GMT)
--------------------------------------------------
BREAKING DOWN 'Net Asset Value - NAV'
In the context of mutual funds, NAV per share is computed once per day based on the closing market prices of the securities in the fund's portfolio. All of the buy and sell orders for mutual funds are processed at the NAV of the trade date. However, investors must wait until the following day to get the trade price. Mutual funds pay out virtually all of their income and capital gains. As a result, changes in NAV are not the best gauge of mutual fund performance, which is best measured by annual total return.
Because ETFs and closed-end funds trade like stocks, their shares trade at market value, which can be a dollar value above (trading at a premium) or below (trading at a discount) NAV. ETFs have their NAV calculated daily at the close of the market for reporting purposes, but they also calculate intra-day NAV multiple times per minute in real time.
Peer comment(s):
| neutral |
B D Finch
: Net Asset Value might not be struck at the end of the dealing day. Have you any evidence that it is?
12 hrs
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My explanation is correct. What is unclear is whether it fits 100% this context
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| agree |
Germaine
: ou calculée ou arrêtée. // See discussion. Quand tu as raison, tu as raison. Je n'ai aucune hésitation à le reconnaître.
1 day 18 mins
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Why did you change your mind?
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4 KudoZ points awarded for this answer.
Comment: "Merci"
-1
1 hr
Ana Vozone
Specializes in field
Will do!
Native in: Portuguese (Variant: European/Portugal)
Works in: English to Portuguese, French to Portuguese, German to Portuguese, and 1 more.
Related KudoZ points
:
19
(la valeur) est atteinte
A suggestion.
Example sentence:
Lorsque la valeur est atteinte par le coût de l'actif dans le laps de temps de validité ..... finance.
... Si la valeur est atteinte avant la fin de l'échéance, alors l'option sera vendue ...
Peer comment(s):
| disagree |
B D Finch
: This is not about attaining a specific value, but about applications having to arrive before determination of the Net Asset Value for that dealing day; presumably to prevent applications being made, or not made, in the light of knowledge of that value.
22 hrs
|
Discussion
To establish a daily NAV, the fund chooses a time, every day, at which to value its assets. For a traditional equity ETF, the NAV is calculated (or “struck”) once all the markets being tracked by the ETF’s index have closed.
For an ETF tracking U.S. equities, for example, the NAV can be calculated soon after the U.S. market’s 4:00 p.m. ET close. At that time, the closing price of each of the fund’s assets is recorded as an indication of its current value. All these prices are then aggregated to arrive at the value of the fund’s entire portfolio.
http://www.etf.com/etf-education-center/21025-understanding-...
Each business day the fund’s accountant has until 5:50 p.m. ET to compute the fund’s NAV (referred to in the trade as striking the NAV)
http://seekingalpha.com/article/252842-the-fund-industry-lea...