What is Cicada’s NAV (Net Asset Value) Data Service?

Cicada’s experienced data management team provides a reliable, highly accurate and cost effective service for gathering, validating and delivering daily net asset value data on your company’s fund holdings.

With the service, your firm receives:

• Daily pricing, dividends, gains and losses reports on the funds you specify.
• Data validation performed by our experienced team, using a proven quality control methodology.
• An accurate database of pricing information, backed up by original pricing sheets for compliance and audit trail purposes.

Benefits

• Accuracy – Cicada has maintained an accuracy rate of 99.99% since launching this service. This level of accuracy represents a significant improvement for many firms and minimizes repricing.


• Service – Cicada provides timely, reliable daily NAV reports, including additional important information such as dividends, gains and metrics. Reports can be customized to meet your requirements.


• Reliability – Cicada has an established problem escalation process and solid operational backup plans.


• Compliance-Ready – Cicada stores soft and hard copies of daily pricing sheets and conducts internal audits every six months.

Compliance-Ready

To aid in needing compliance requirements, Cicada scans and stores copies of daily pricing sheets. We also store all Cicada analyst manual entry sheets, as well as the historical files delivered to each client. This audit trail and documentation information can be retrieved at request, in response to a regulator or internal compliance department inquiry.

We also conduct an internal audit every six months, along with an annual compliance meeting with each client. We are also happy to work with you to develop additional processes and procedures to help you in your compliance activities.