Fund Operations
Forward Pricing
Definition
What is Forward Pricing?
A fund-pricing method under which orders receive a price calculated after the instruction is accepted.
Example in practice
How This Looks in Practice
A subscription submitted at 10 a.m. receives the NAV calculated at market close.
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Related Terms
Fund Operations
Dealing Cut-Off Time
The deadline by which a valid fund instruction must be received for a particular dealing day.
Fund OperationsValuation Point
The specified time at which a fund values its assets and calculates dealing prices.
Fund OperationsHistoric Pricing
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.