Patent ID: 7587354

Claim:
A computer-implemented method for verifying a fund's net asset value comprising: receiving from a data provider, though an electronic interface, a first net asset value for a fund; retrieving, over an electronic communications network, one or more historical net asset values for the fund from an electronic fund performance database; comparing the first net asset value to one or more historical net asset values for the fund to obtain a variance that characterizes a difference between the first net asset value and the one or more historical net asset values; when the variance is within a tolerance for the first net asset value, storing the first net asset value in the electronic fund performance database; and when the variance is not within the tolerance for the first net asset value; i) presenting, though the electronic interface, a plurality of preset explanations for the variance to the data provider; ii) requiring the data provider to select one of the plurality of preset explanations for the variance; iii) storing, in the electronic fund performance database, the first net asset value and the selected one of the plurality of preset explanations for the variance.