Clanker NAV · MVP-1 · Live

Did the administrator's NAV foot?

CF_FUND_I · period 2026-03-31. The engine foots the administrator's pack against its own components, then reconciles the gap against the fund's internal ledger — attributing every euro to a code from specs/01_MVP_NAV_RECON.md.

MONTH-END CLOSE BLOCKED — $5,830 unresolved across 4 attribution codes

The administrator reported a closing NAV of $5,120,670.00, but the pack's own components foot to $5,126,500.00. That $5,830 understatement must be cleared before NAV strike.

Admin reported

$5,120,670

administrator pack

Components foot to

$5,126,500

sum of the pack's lines

Internal ledger

$5,126,500

fund's own books

Total variance

$5,830

understatement

Lines checked

10 clean · 4 exceptions

Variance bridge

admin reported → attributed → internal ledger

Exceptions · attributed

4 lines · close-blocking

Line	Attribution code	Finding	Admin	Internal	Variance
EXC.E1	FUNDING_NOT_BOOKED	Perp funding accrued on Book C short — not booked by admin	$0	$1,850	+$1,850
EXC.E2	OPTION_MARK_STALE	Book A short-dated ETH calls — admin used a stale mark	$0	$2,100	+$2,100
EXC.E3	STAKING_ACCRUAL_OMITTED	Validator staking rewards — omitted from admin income	$0	$630	+$630
EXC.E4	FX_REVAL	EUR/USD revaluation — timing mismatch on the USD cash leg	$0	$1,250	+$1,250
Total understatement					+$5,830

Full reconciliation ledger

all 14 lines · clean + exception

#	Line	Source	Description	Variance	Status
1	FUND.opening_nav	admin_pack	Opening NAV (prior-period close)	—	clean
2	FUND.contributions	admin_pack	Capital contributions	—	clean
3	FUND.distributions	admin_pack	Capital distributions	—	clean
4	FUND.realised_pnl	admin_pack	Realised P&L	—	clean
5	FUND.unrealised_pnl	admin_pack	Unrealised P&L (mark-to-market)	—	clean
6	FUND.mgmt_fees	admin_pack	Management fees	—	clean
7	FUND.carry	admin_pack	Carried interest	—	clean
8	FUND.other_expenses	admin_pack	Other fund expenses	—	clean
9	SRC.custodian	custodian	Custodian vault ingested — 80 assets (Fireblocks)	—	clean
10	SRC.blotter	blotter	Internal trade blotter ingested — 250 trades across 3 books	—	clean
11	EXC.E1	internal_ledger	Perp funding accrued on Book C short — not booked by admin	+$1,850	exception
12	EXC.E2	internal_ledger	Book A short-dated ETH calls — admin used a stale mark	+$2,100	exception
13	EXC.E3	internal_ledger	Validator staking rewards — omitted from admin income	+$630	exception
14	EXC.E4	internal_ledger	EUR/USD revaluation — timing mismatch on the USD cash leg	+$1,250	exception

Run recon_073449501e1e · triggered 2026-05-21 13:31:23 UTC · recon engine: strategy_service/clanker_nav.py · persisted to recon_run / recon_result in provenance.duckdb.