Independent Valuation
A defensible mark for an asset that rarely trades.
What it does
A listed share has a price because it trades constantly. A building, a private credit book or an infrastructure stake does not, and without a credible mark there is no NAV to strike and no basis on which a secondary buyer and seller can agree. This module is designed to hold the valuation itself rather than merely transport it: which valuer produced the mark, under what methodology, as at what date, when it is next due, and how far it may drift before a revaluation is required. The mark is signed and versioned, so a price used for dealing or for a secondary trade can be traced back to the assessment behind it. In development.
How it works
Independent Valuation is where a price comes from when there is no market. It feeds NAV & Dealing so units can be struck, and the Secondary Marketplace so a buyer and seller have a reference to trade around.
Select a step to replay it. Hover to pause.
Step 1 of 3: Assess. An appointed valuer produces a mark under a stated methodology, as at a stated date.
Key capabilities
Signed, dated marks
Every valuation carries its author and effective date, so a price is never anonymous.
Methodology and valuer recorded
The basis of the assessment travels with the number, which is what an auditor asks for first.
Revaluation cadence and staleness limits
A mark has an expiry. Dealing on a valuation that is past due can be blocked rather than quietly allowed.
Full valuation history
Prior marks remain inspectable, so a change in value can be explained rather than merely observed.