MARKET VALUATION AGING MATRIX BY IIAC ASSET CLASS SCHEMA Security Subtype (Note: Per IIAC Primary Secondary Pricing Pricing Max. days Action if After 365 Type Industry Asset Classification Schema) Pricing Source Pricing Source Method Frequency price used price stale days stale Cash (any currency) Face value Cashable (liquid) GICs Face value High-interest savings accounts (HISAs) (fully Manual/ traders or partially liquid) Cash and (Note: ABS IIROC Rule Money market funds Service Equivalents problematic as subpara. Daily/ Price goes Price goes provider/data 35 Short-term notes (includes ABCP, BAs, CDs, systems do not 200.1(c)(i) monthly to ND to $0 vendor CP, T-bills, savings bonds) give pool (A) or (B) Other cash and cash-equivalent products factors) (temporary for new products) Morningstar, Service Fundex, Daily or 35 (daily/ Balanced IIROC Rule Price goes Price goes Balanced funds provider/data FundSERV, asset periodic; monthly; 95 mandates 200.1(B) to ND to $0 vendor manager (Note 1) if quarterly) (for below) Corporate bonds Government (all) bonds with term to 35 (daily/ maturity from issue date > 1 year monthly; 95 Convertible (until exercised) if quarterly; Fixed-income-focused investment funds Subpara. note (e.g., mutual funds, ETFs, closed-end funds 200.1(c)(i) different Service Fixed (CEFs), pooled/common trust funds, (A), (C), (E), approach Price goes Price goes provider/data Manual/ traders Daily Income vehicles (IRVs)) (F), (G) or for illiquid to ND to $0 vendor Asset-backed securities (MBSs and other (ii) or (iii) GICs and products that with a pool factor from (see Note 2) some other iterative/ ongoing return of principal) products – Non-cashable (illiquid) GICs duration to Strips, coupons, residuals maturity) Other fixed-income products (temporary ) Preferred shares Service Subpara. Preferred Manual/traders/ Price goes Price goes provider/data 200.1(c)(i) Daily 35 Shares Convertible pref. shares (until exercise) market research to ND to $0 vendor (A) (Note 2)
MARKET VALUATION AGING MATRIX BY IIAC ASSET CLASS SCHEMA Security Type Subtype (Note: Per IIAC Industry Asset Classification Schema) Primary Pricing Source Secondary Pricing Source Pricing Method Pricing Frequency Max. days price used Action if price stale After 365 days stale Cash and Equivalents Cash (any currency) Face value Cashable (liquid) GICs Face value High-interest savings accounts (HISAs) (fully or partially liquid) Service provider/data vendor Manual/ traders (Note: ABS problematic as systems do not give pool factors) IIROC Rule subpara. 200.1(c)(i) (A) or (B) Daily/ monthly 35 Price goes to ND Price goes to $0 Money market funds Short-term notes (includes ABCP, BAs, CDs, CP, T-bills, savings bonds) Other cash and cash-equivalent products (temporary for new products) Balanced mandates Balanced funds Service provider/data vendor Morningstar, Fundex, FundSERV, asset manager (for below) IIROC Rule 200.1(B) Daily or periodic; (Note 1) 35 (daily/ monthly; 95 if quarterly) Price goes to ND Price goes to $0 Fixed Income Corporate bonds Service provider/data vendor Manual/ traders Subpara. 200.1(c)(i) (A), (C), (E), (F), (G) or (ii) or (iii) (see Note 2) Daily 35 (daily/ monthly; 95 if quarterly; note different approach for illiquid GICs and some other products – duration to maturity) Price goes to ND Price goes to $0 Government (all) bonds with term to maturity from issue date > 1 year Convertible (until exercised) Fixed-income-focused investment funds (e.g., mutual funds, ETFs, closed-end funds (CEFs), pooled/common trust funds, vehicles (IRVs)) Asset-backed securities (MBSs and other products that with a pool factor from iterative/ ongoing return of principal) Non-cashable (illiquid) GICs Strips, coupons, residuals Other fixed-income products (temporary ) Preferred Shares Preferred shares Service provider/data vendor Manual/traders/ market research Subpara. 200.1(c)(i) (A) (Note 2) Daily 35 Price goes to ND Price goes to $0 Convertible pref. shares (until exercise)
SAMPLE-Market-Valuation-Aging-Matrix-by-IIAC-Asset-Class-Example-only1.docx