SDDS Wiring-Guide

Facilitator of secondary market transactions - during the reporting period

The party who facilitated the secondary market transactions during the reporting period.

Fair value of debt

Mark to market value of fixed and floating interest rate debt excluding shareholders' loans and lease liabilities.

Fair value of derivatives

Sum of #6.4.1 and #6.4.2.

Fair value of derivatives of currency hedging

Mark to market value of foreign currency hedging instruments.

Fair value of derivatives of interest rate

Mark to market value of interest rate in relation to portfolio debt.

Fair value of development portfolio

The appraised market value of property under construction or development for future use as determined by an external or internal valuer. These are excluding right of use assets under IFRS 16.

Fair value of investment portfolio

The appraised market value of investment property as determined by an external or internal valuer plus trading properties intended for sale (properties that are stabilised and in lease-up). These are excluding right of use assets under IFRS 16.

Fair value of investor's stake in vehicle according to INREV reporting guidelines

Investor share of INREV NAV (# 4.3).

Fair value of investor's stake in vehicle according to net asset value for pricing purposes

Investor share of INREV NAV for pricing purposes (# 4.5).

Fair value of investor's stake in vehicle per share/unit per INREV NAV

Fair value of investor's stake in vehicle according to INREV NAV in Reporting guidelines (# 17.3) divided by the number of shares/units owned by the investor (#17.4).

Fair value of investor's stake in vehicle per share/unit per pricing NAV

Fair value of investor's stake in vehicle according to Net Asset Value for Pricing Purposes (#17.3.1) divided by the number of shares/units owned by the investor (#17.4).

Final capital closing date

As defined in the vehicle documentation, the date of the final closing occurs at the end of the equity raising period set by the manager when the vehicle is closed to new commitments.

Financing costs (amortised over holding period)

For pricing purposes only. Amortisation periods of financing costs should be adapted to the planned holding period of a vehicle. For evergreen vehicles, asset specific features should determine the amortisation period and, in their absence, a 10-year period is recommended unless there is a specific asset feature which requires deviation from this period. The approach and rationale should be disclosed in the constitutional documentation when the investment vehicle is being launched. See INREV Governance module for more details.

Financing/ debt arrangement fee

Also known as financing fees, these fees are charged by the investment manager for services rendered in arranging debt financing for asset purchases or financing at  the vehicle or other special purpose entity level of the holding structure. This fee is separate from any arrangement costs paid to the debt provider or external party such as a broker.

Financing/debt arrangement fees

Also known as debt arrangement fees, these fees are charged by the investment manager for services rendered in arranging debt financing for asset purchases or financing at  the vehicle or other special purpose entity level of the holding structure. This fee is separate from any arrangement costs paid to the debt provider or external party such as a broker.

Fund management fees

Also known as investment management or investment advisory fees, fund management fees are typically charged by investment advisors, or managers, for their services regarding the management of the vehicle. See INREV Fee and Expense Metrics module for detailed services included in the fund management fee.

Fund management fees

Also known as investment management or investment advisory fees, fund management fees are typically charged by investment advisors, or managers, for their services regarding the management of the vehicle. See INREV Fee and Expense Metrics module for detailed services included in the fund management fee.

Future distribution

For pricing purposes only. Future distributions that are only attributable to investors pre-dating the INREV NAV calculation should be subtracted from the INREV NAV, for trading purposes.