BNY Interview Questions, Process, and Tips

NAV cycle involves sub/redemption bookings, pricing, accruals, and reconciliation before sending NAV to clients.

• Subscriptions and redemptions are booked and processed

• Pricing is done based on the valuation of assets

• Accruals are calculated for income and expenses

• Reconciliation is done to ensure accuracy

• NAV is then sent to clients

NAV stands for Net Asset Value. It is the value of a mutual fund's assets minus its liabilities.

• NAV is calculated by dividing the total value of a fund's assets by the number of outstanding shares.

• The formula for NAV is: NAV = (Total Assets - Total Liabilities) / Number of Outstanding Shares

• NAV is calculated at the end of each trading day.

• NAV is used to determine the price at which investors can buy or sell shares in a

Various methodologies are used to calculate returns, including time-weighted, money-weighted, and geometric.

• Time-weighted returns measure the performance of a portfolio over a specific period of time, regardless of cash inflows or outflows.

• Money-weighted returns take into account the timing and amount of cash flows into and out of a portfolio.

• Geometric returns calculate the compounded rate of return over a period of ti...read more

Corporate action refers to any event initiated by a publicly traded company that affects the securities issued by the company.

• Corporate actions can include stock splits, dividends, mergers and acquisitions, and spin-offs.

• Asset transfer refers to the movement of securities or other assets from one account to another.

• Asset transfers can occur due to a variety of reasons, such as a change in ownership or a change in custo...read more

Attribution is the process of identifying the source or cause of something.

• It involves determining who or what is responsible for a particular event or outcome.

• In marketing, attribution refers to identifying which marketing channels or campaigns led to a conversion or sale.

• In journalism, attribution involves giving credit to sources of information used in a news story.

• Attribution theory is a psychological framework for...read more