BNY Mellon Serviços Financeiros provides the NAV calculation service for funds domiciled out of the Brazilian territory – offshore funds. With an exclusive and specialized team, such a service gives the support and expertise necessary to the Brazilian independent manager who wishes to incorporate an investments structure abroad.

BNY Mellon Serviços Financeiros currently  renders this service to approximately 90 offshore funds in 165 different classes with assets under management close to US$4.2 billion. The wide series of assets selected by those managers provided BNY Mellon with a wide experience in illiquid and international assets pricing.

As BNY Mellon Serviços Financeiros also offers legal representation to funds that invest in assets in Brazil (INR – non-resident investors), it is possible, in this case, to consolidate the two portfolios in US dollars for auditing purposes.

The NAV calculation service that BNY Mellon Serviços Financeiros offers includes a series of assignments, according to the description below:

- Assets purchase and sale registry

- Daily updating of assets value of funds portfolios, based on a detailed and released pricing manual

- Match of operations – manager/ broker-dealer

- NAV calculation

- Book of operations in the system

- Prices registry

- Conciliation of custody positions (Brokers and/or Prime Broker)

- Fund’s Accounting (IFRS)

- Registry of the shareholder's subscription and redemptions (through codes given by the Register and Transfer Agency – RTA)

- Conciliation of shareholders’ position

- Conciliation of subscriptions and redemptions

- Interface with the Auditing Company

- Consolidation of fund’s international assets portfolio and Brazilian assets portfolio in US Dollar

- Optional Services: Providing support for PFIC and K1 reports