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Valuation Reports

Investment Portfolio Review with levels, models, and Input Transparency (IPR-SEC)

  • Every price manufactured to meet the rigor of SEC, PCAOB, and FDIC requirements
  • Levels and models provided for every price
  • Drill downs on a sample of prices including detail of the inputs and assumptions used, including the basis for their selection and use

Investment Portfolio Review with levels, models (IPR)

  • Every price manufactured to meet the rigor of SEC, PCAOB, and FDIC requirements
  • Levels and models provided for every price

Price Variance Report with inputs and documented development of prices (PVAR)

  • Drill down into any price received from Harvest including detail of the inputs and assumptions used, including the basis for their selection and use

Alternative Investment Review for Hedge Funds, Private Equity, and Collective/Commingled Funds (ALT)

  • A consistent, detailed review of private investment funds which follows ASC 820, ASU 09-12, and other NAV guidance. Style Disaggregation, Contribution/Withdrawal, Risk, and other key valuation and disclosure information are provided. The valuation marks of the funds' underlyng holdings are tested and variances are noted and applied. Audit date and valuation date discrepancies are also addressed.

Insurance Company Product Review for GIC's, Synthetic GIC's, and Stable Value Funds (ICPR)

  • A consistent, detailed review of insurance products frequently found in benefit plans and other portfolios. Contract value, market value, wrappers, and other key valuation and disclosure information are provided. The valuation marks of underlying holdings are tested and variances noted and applied.

Leveling Reports

Available for GASB 72, ASC 820, and IFRS 13 disclosures (LVL)

1, 2, and 3 levels are assigned to already priced investment holdings with a consistent methodology based on the observability of key inputs.

Test of Prices used in Valuation Processes (VPCT)

Test the prices being used in Fund NAV and Portfolio Valuation Pro fee calculations. Hard to value fixed income sectors are covered as well as the easier equity and fixed income sectors. Test evaluated prices, dealer quotes, matrix prices, and the prices for thinly traded, less liquid items. Prices are struck to meet NAV timing requirements.

OTTI Reports (OTTI)

Investment holdings are reviewed using FASB criteria in a consistent, detailed, and documented manner to identify candidates for impairment treatment in financial reportng. Loss projections are calculated and reported for structured products.

Interest Rate and Credit Default Swaps (SWAP)

Vanilla, amortizing, swaption, credit default, and other types of swaps are reviewed, modeled and valued with transparent results. Credit premiums to account for counterparty risk are provided.

Investment Income Testing / Sox Vendor Testing

  • Purchase and Sale Execution Price Testing (PSPT) - Test broker and manager buy/sell execution prices for reasonableness.
  • Dividend and Interest Testing (DIT) - Test custodian and other vendor calculations of dividends paid on stocks or interest paid on fixed-income securities.
  • Accrued Interest Testing (AIT) - Test custodian and other vendor's calculations of accrued interest and dividends for fixed income securities and equities.
  • Amortization/Accretion Testing (AMAC) - Test custodian and other vendor calculations of premiums/discounts amortized/accreted to a specific date

Staff Training

Harvest offers a variety of training for investment reporting professionals

  • Where investment prices come from and how to use them effectively
  • How to handle alternatives from a reporting standpoint
  • How to handle and document the resolution of valuation and leveling variances
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