This information is relevant to individuals or organisations who submit Net Asset Values (NAVs) in relation to funds listed on the Irish Stock Exchange (ISE).
A new process for submitting Net Asset Values (NAVs) will be introduced in September 2015. It will operate in conjunction with the ISE’s online portal ISEdirect - www.isedirect.ie.
It will be business as usual with our existing service until the launch date, i.e. submit NAVs to nav@ise.ie for manual processing or autonav@ise.ie for automatic processing. The launch date will be announced in the next notification issued in May 2015.
Advantages of the new process
- A secure environment
- Real time intraday updates
- Straight through processing and publication
- Reduced risk of error
- Extended file option for the automated service
- One central location, www.isedirect.ie, where you can access ISE services in relation to ISIN, NAVs, announcements and LEIs and track all via your account.
Key notes for those currently submitting NAVs via nav@ise.ie
- All users submitting NAVs must register their individual email address and contact information on www.isedirect.ie. This will be available in June 2015.
- In September 2015, you have the following options to submit NAVs:
- submit a NAV via the online NAV form on www.isedirect.ie or
- use our automated service (see below). Note you can opt to start using our existing automated service in advance of this.
- The current email address will no longer be in use post launch date.
- Fax and other hard copy forms containing NAV details will also no longer be acceptable from this date.
How can you prepare
- If you wish to use the automated service you should liaise now with our NAV services team to register your preferred file format, naming convention for your file and to ensure the information you submit is suitable for the automated NAV processing service. You can download the sample file and formatting guidelines.
- Regardless of whether you choose online or automatic processing in the future, you need to register on www.isedirect.ie which will be available in June 2015, early registration is advised.
- The ISE can only accept NAVs sent from a registered email address.
Key notes for those currently submitting NAVs via autonav@ise.ie
- All users submitting NAVs must register their individual email address and contact information on www.isedirect.ie. This will be available in June 2015.
- The current email address will no longer be in use post launch date. The new designated email address will operate and will be advised closer to the launch date.
- The file format choice is extended to include MS Excel in addition to the existing CSV format.
How can you prepare
- You should review the existing file format that you send to autonav@ise.ie to ensure it follows the prescribed format for automatic processing in the future. You can download the sample file and formatting guidelines.
- Register on www.isedirect.ie from June 2015, early registration is advised. The ISE can only accept files sent from a registered email address.
FAQs
We have compiled a list of frequently asked questions (FAQs) on the new service. We are of course happy to answer any queries you may have or talk you through the new service.
Our next update in May will confirm the launch date and we will provide further updates and reminders in due course.