WO2020262829A1

WO2020262829A1 - Method and apparatus for providing service to determine in real time whether fund operating regulations are violated

Info

Publication number: WO2020262829A1
Application number: PCT/KR2020/007024
Authority: WO
Inventors: Byeong Wha CHOI
Original assignee: Shinhanaitas Co.,Ltd.
Priority date: 2019-06-28
Filing date: 2020-05-29
Publication date: 2020-12-30
Also published as: KR102051045B1

Abstract

Provided is a method of providing a service for determining in real time whether at least one of a fund's operating regulations is violated, the method including updating a ledger in real time by reflecting transaction details concluded during the market hours for each asset of the fund; calculating an expected net asset value based on the updated ledger; and determining, based on the expected net asset value, whether at least one of the operating regulations is violated at a preset time interval.

Description

METHOD AND APPARATUS FOR PROVIDING SERVICE TO DETERMINE IN REAL TIME WHETHER FUND OPERATING REGULATIONS ARE VIOLATED

One or more embodiments relate to a method and an apparatus for providing a service to determine in real time whether a fund's operating regulations are violated.

Asset management companies may perform compliance tasks for monitoring violations of various operating regulations that may arise during operation of assets. When violations are found through such compliance tasks, asset management companies need to take actions to resolve them.

On the other hand, in the case of post-compliance for monitoring violations after calculating core prices for funds being operated, there may not be enough time to resolve the violations. Therefore, it is necessary to monitor violations of various operating regulations in real time even before calculating core prices of the funds being operated. Therefore, demands from asset management companies for services for monitoring violations of various operating regulations in real time have increased.

One or more embodiments provide a method and an apparatus for providing service to determine in real time whether a fund's operating regulations are violated. The technical objects to be achieved by one or more embodiments are not limited to the technical objects as described above, and other technical problems may be inferred from the following embodiments.

Additional aspects will be set forth in part in the description which follows and, in part, will be apparent from the description, or may be learned by practice of the presented embodiments of the disclosure.

According to one or more embodiments, a method of providing a service for determining in real time whether at least one of a fund's operating regulations is violated, the method includes updating a ledger in real time by reflecting transaction details concluded during the market hours for each asset of the fund; calculating an expected net asset value based on the updated ledger; and determining whether at least one of the operating regulations is violated at a preset time interval based on the expected net asset value.

The operating regulations may include at least one of laws, regulations, investment guidelines, and bylaws related to the operation of the fund.

In the updating, the ledger may be updated by reflecting payment processing details, disclosure processing details, establishment or termination processing details, and details of due from banking account of each asset of a fund, from a time point at which a payment processing of the day is completed to completion of conclusion of transaction details.

In the updating, the ledger may be updated by reflecting the market price of the day for each asset of the fund from a time point when conclusion of the transaction details of the day is completed until an evaluation process is completed.

In the updating, the ledger may be updated by reflecting the closing price of the day for each asset of the fund from a time point when an evaluation process of the day is completed until a core price is calculated.

In the updating, after the core price of the day is calculated,

the ledger may be updated by reflecting the core price of the day for each asset of the fund.

In the calculating, the expected net asset value may be calculated by summing accounts on the ledger indicating the increases and decreases of assets of the fund.

The determining may further include calculating an appraised value of any one of a value of owned stocks, a municipal bond, a bank debenture, a corporate bond, cash, risk assessment, and a corporate bill of the fund, and it may be determined whether a ratio of an appraised value of any one of those stated above to the expected net asset value is greater than a preset limit ratio.

According to one or more embodiments, a device of providing a service for determining in real time whether at least one of a fund's operating regulations is violated, the device includes a memory; and a processor configured to update a ledger in real time by reflecting transaction details concluded during market hours for each asset of the fund, calculate an expected net asset value based on the updated ledger, and, based on the expected net asset value, determine at a preset time interval whether at least one of the operating regulations is violated.

The processor may update the ledger by reflecting payment processing details, disclosure processing details, establishment or termination processing details, and details of due from banking account of each asset of a fund, from a time point at which a payment processing of the day is completed to completion of conclusion of transaction details.

The processor may update the ledger by reflecting the market price of the day for each asset of the fund from a time point when conclusion of the transaction details of the day is completed until an evaluation process is completed.

The processor may update the ledger by reflecting the closing price of the day for each asset of the fund from a time point when an evaluation process of the day is completed until a core price is calculated.

The processor may update the ledger by reflecting the core price of the day for each asset of the fund after the core price of the day is calculated.

The processor may calculate the expected net asset value by summing accounts on the ledger indicating the increases and decreases of assets of the fund.

The processor may calculate an appraised value of any one of a value of owned stocks, a municipal bond, a bank debenture, a corporate bond, cash, risk assessment, and a corporate bill, and determine the ratio of the appraised value of any one of them to the expected net asset value is greater than a preset limit ratio.

The processor may classify the violation as one of a "new violation," a "grace", and a "warning", wherein the violation may be classified as a 'new violation' when the ratio of the appraised value of any one of those stated above to an expected net asset value is greater than a preset limit ratio, the violation may be classified as a 'grace' when the ratio of the appraised value of any one of those stated above to the expected net asset value is greater than the preset ratio and, however, there is a reason for grace, and the violation may be classified as a 'warning' when the ratio of the appraised value of any one of those stated above to the expected net asset value is smaller than the preset limit ratio and is greater than a preset warning ratio.

According to one or more embodiments, there is provided a computer-readable recording medium having recorded thereon a computer program for executing a method of providing a service for determining in real time whether at least one of a fund's operating regulations is violated.

The above and other aspects, features, and advantages of certain embodiments of the disclosure will be more apparent from the following description taken in conjunction with the accompanying drawings, in which:

FIG. 1 is a schematic diagram showing an example of a system for determining in real time whether a fund's operating regulations are violated according to an embodiment;

FIG. 2 is a flowchart showing an example of a method of providing a service for determining in real time whether a fund's operating regulations are violated according to an embodiment;

FIG. 3 is a diagram showing an example of a screen for obtaining data including information regarding operating regulations of a fund for which violations are determined during the market hours by using a computer program provided from a compliance support server according to an embodiment;

FIG. 4 is a diagram showing an example of a screen for obtaining a result of determining whether an operation regulation is violated by using a computer program provided from a compliance support server according to an embodiment;

FIG. 5 is a diagram showing another example of a screen for obtaining a result of determining whether an operation regulation is violated by using a computer program provided from a compliance support server according to an embodiment; and

FIG. 6 is a diagram showing an example of a device that provides a service for determining in real time whether a fund's operating regulations are violated according to an embodiment.

Reference will now be made in detail to embodiments, examples of which are illustrated in the accompanying drawings, wherein like reference numerals refer to like elements throughout. In this regard, the present embodiments may have different forms and should not be construed as being limited to the descriptions set forth herein. Accordingly, the embodiments are merely described below, by referring to the figures, to explain aspects of the present description. As used herein, the term "and/or" includes any and all combinations of one or more of the associated listed items. Expressions such as "at least one of," when preceding a list of elements, modify the entire list of elements and do not modify the individual elements of the list.

While such terms as "first," "second," etc., may be used to describe various elements, such elements must not be limited to the above terms. The above terms may be used only to distinguish one element from another.

The terms used in the present specification are merely used to describe particular embodiments, and are not intended to limit the disclosure. An expression used in the singular encompasses the expression of the plural, unless it has a clearly different meaning in the context. In the present specification, it is to be understood that the terms such as "including" or "having," etc., are intended to indicate the existence of the features, numbers, steps, actions, components, parts, or combinations thereof disclosed in the specification, and are not intended to preclude the possibility that one or more other features, numbers, steps, actions, components, parts, or combinations thereof may exist or may be added.

Reference will now be made in detail to embodiments, examples of which are illustrated in the accompanying drawings. In the drawings, the same elements are denoted by the same reference numerals, and a repeated explanation thereof will not be given.

FIG. 1 is a schematic diagram showing an example of a system for determining in real time whether a fund's operating regulations are violated according to an embodiment.

Referring to FIG. 1, a system 100 for determining in real time whether a fund's operating regulations are violated includes an asset management server 110 and a compliance support server 120. When operating a collective investment scheme, checking for violations of operating regulations is referred to as compliance, and thus the system 100 for determining in real time whether a fund's operating regulations are violated may also be referred to as a compliance system.

The system 100 for determining in real time whether a fund's operating regulations are violated may determine whether operating regulations are violated by reflecting transaction details entered during the market hours in real time before a fund's core price is calculated. Therefore, it may be determined in advance whether a fund's operating regulations are violated before the fund's core price is calculated, and thus time for resolving violations may be secured.

Only components of the system 100 for determining in real time whether a fund's operating regulations are violated related to the present embodiments are shown in FIG. 1. Therefore, it will be obvious to one of ordinary skill in the art that the system 100 for determining in real time whether a fund's operating regulations are violated may further include other general purpose components in addition to the components shown in FIG. 1.

The asset management server 110 may create a fund and professionally manage securities and assets for investment purposes for the benefit of investors. The asset management server 110 may correspond to, for example, an asset management company or an investment consulting company. The asset management server 110 may determine whether there is a violation of operating regulations such as laws, provisions, investment guidelines, and bylaws related to the operation of a fund. Operating regulations may include, for example, matters related to a same item holding limit for each fund, a limit on the ratio of operating assets for each type of indirect investment organization, a limit of deposits in financial institutions by interested parties, a limit of holdings of securities issued by affiliates, a risk appraisals, a limit of operation of money market funds, a limit on the incorporation of money market funds, a limit on investment securities issued by the same person on money market funds, and a limit on investment of commercial papers (CP) issued by the same person on money market funds.

The asset management server 110 may determine in real time whether there is a violation of the operating regulations within the market hours of a stock exchange and an over-the-counter market even before a fund's core price is calculated. The asset management server 110 may calculate an expected net asset value of a fund in real time within the market hours of the stock exchange and the over-the-counter market and determine whether there is a violation based on the expected net asset value. When it is determined that there is a violation of the operation regulations, the asset management server 110 may take measures to resolve the violation.

The compliance support server 120 may provide a computer program for determining in real time whether a fund's operating regulations are violated to the asset management server 110. The asset management server 110 may determine in real time whether there is a violation of the operating regulations in the market by using a computer program provided from the compliance support server 120.

Hereinafter, referring to FIGS. 2 to 6, an example in which the asset management server 110 determines in real time whether a fund's operating regulations are violated by using a computer program provided from the compliance support server 120 will be described.

FIG. 2 is a flowchart showing an example of a method of providing a service for determining in real time whether a fund's operating regulations are violated.

In operation 210, the asset management server 110 may update a ledger in real time by reflecting transaction details concluded during the market hours for each asset of a fund to the ledger.

Ledgers may be established for respective assets of the fund. For example, each asset of the fund may correspond to, but is not limited to, a domestic stock, a domestic bond, a domestic beneficiary certificate, a government bond future, an index future, an index option, a currency future, a foreign stock, a foreign bond, a foreign beneficiary certificate, a foreign future, a forward, and a foreign exchange (FX). The ledger corresponds to a book that sets up all accounts that show increases and decreases of assets of a fund and posts and collectively records transactions journalized in a journal.

The asset management server 110 may generate a holding history of a day by reflecting transaction details concluded during the market hours to the holding details of a previous day on the ledger in real time. The transaction details concluded during the market hours may include not only transaction details concluded through system trading used by the asset management server 110, but also transaction details concluded through a direct input instead of system trading.

The asset management server 110 may update the ledger by reflecting payment processing details, disclosure processing details, establishment or termination processing details, and details of due from banking account of each asset of a fund, from a time point at which a payment processing of the day is completed to completion of conclusion of transaction details.

The payment processing details may correspond to details of payments completed by buying or selling for each asset of the fund. For example, in the case of a stock, a deposit or a withdrawal is made three days after a buy or sell order is made, and it may be considered that a payment is processed when a deposit or a withdrawal is actually made. Meanwhile, the asset management server 110 may not determine whether a fund's operating regulations are violated before payment processing is performed for each asset of the fund, and, at the same time as a payment process is completed, may determined whether the fund's operating regulations are violated.

The disclosure processing details may correspond to materials that include important information that may affect stock prices, such as business details, financial situation, and marketing results. The disclosure processing details may include disclosed materials of a primary market, such as registrations of stocks and securities issue reports, and publicly disclosed materials of the market, such as business reports, quarterly or semiannual reports, and disclosed materials of a secondary market, such as a key reports, major business disclosure disclosed in the stock exchange, fair disclosures, inquiry notices, and voluntary disclosures.

The establishment or termination processing details may correspond to details of completion of establishment or termination of each asset of the fund.

The details of due from banking accounts may correspond to account holding details of accounts for lending temporary excess cash remaining from operation of the fund to a banking account. The details of due from banking accounts may be based on increases and decreases on account ledgers and transactions made during the market hours of the day.

Also, the asset management server 110 may update the ledger by reflecting the market price of the day for each asset of the fund from a time point when conclusion of the transaction details of the day is completed until an evaluation process is completed. When the conclusion of the transaction details of the day is completed, a transaction volume and acquisition values for each asset of the fund of the day may be reflected in the ledger. The market price may correspond to information including stock prices or futures prices.

Also, the asset management server 110 may update the ledger by reflecting the closing price of the day for each asset of the fund from a time point when an evaluation process of the day is completed until a core price is calculated. When the evaluation process of the day is completed, a transaction volume, an acquisition value, an appraised value, and valuation profit and loss for each asset of the fund of the day may be reflected in the ledger.

Also, the asset management server 110 may update the ledger by reflecting the core price of the day for each asset of the fund after the core price of the day is calculated. The core price is the price that becomes a standard of a transaction when investing or repurchasing a fund. The core price may reflect a closing price and an accrued interest of an interest-bearing security.

In operation 220, the asset management server 110 may calculate an expected net asset value based on the updated ledger. The net asset value excludes various expenses, such as debt and remuneration expenses, from a gross amount of assets held by the fund and may include not only inflow and outflow of cash of the fund, but also changes in the values of the assets. For example, the expected net asset value may be calculated by summing accounts on the ledger indicating the increases and decreases of assets of the fund. The asset management server 110 may calculate the expected net asset value based on the updated ledger even before the conclusion of the transaction details for the respective asset of the fund is completed and the evaluation process is completed.

In operation 230, the asset management server 110 may determine whether at least one of the operating regulations is violated at a preset time interval based on the expected net asset value.

For example, the preset time interval may be, but is not limited to, 20 minutes, and the preset time interval may be arbitrarily set to determine in real time whether the fund's operating regulations are violated.

The asset management server 110 may calculate an appraised value of any one of a value of owned stocks, a municipal bond, a bank debenture, a corporate bond, cash, risk assessment, and a corporate bill. Meanwhile, the asset management server 110 may calculate various types of appraised values according to the operating regulations to determine a violation thereof and the types of appraised values are not limited to those stated above. Also, the asset management server 110 may determine whether the ratio of an appraised value to the expected net asset value is greater than a preset limit ratio. For example, the asset management server 110 may determine whether the ratio of appraised values of corporate bonds and cash to the expected net asset value is greater than 10%, which is a preset limit ratio. When the ratio of the appraised values of corporate bonds and cash to the expected net asset value is greater than 10%, which is a preset limit ratio, the asset management server 110 may determined that an operating regulation related to the 'same item (corporate bonds and cash) holding limit for each fund' is violated. Meanwhile, the preset limit ratio may vary depending on operating regulations to be determined for violations thereof.

The asset management server 110 may classify violation of at least one of operating regulations into any one of 'new violation', 'grace', and 'warning'. For example, when the ratio of the appraised value of any one of the asset to the expected net asset value is greater a preset ratio, the asset management server 110 may classify a corresponding violation as a 'new violation'. For example, when the ratio of the appraised value of any one of the asset to the expected net asset value is greater a preset ratio and, however, there is a reason for grace, the asset management server 110 may classify a corresponding violation as a 'grace'. Reasons for grace may include, but are not limited to, price fluctuation grace and period grace. For example, when the ratio of the appraised value of any one of the asset to the expected net asset value is smaller than a preset limit ratio and is greater than a preset warning ratio, the asset management server 110 may classify a corresponding violation as a 'warning'. The upper limit of the preset warning ratio may be smaller than the preset limit ratio.

Hereinafter, an example of determining whether operating regulations are violated described will be described with reference to FIGS. 3 and 4.

FIG. 3 is a diagram showing an example of a screen for obtaining data including information regarding operating regulations of a fund to be determined for violations thereof during the market hours by using a computer program provided from a compliance support server.

Referring to FIG. 3, the asset management server 110 may display data including information regarding operating regulations of a fund to be determined for violations thereof in real time during the market hours on a screen. For example, when the asset management server 110 is to check operating regulations to be determined for violations thereof, information including 'classification' indicating categories (including laws, regulations, investment guidelines, and bylaws) to which the operating regulations belong, 'real time processing' indicating whether violations of the operating regulations are determined during the market hours, 'operating regulation classification codes', and 'operating regulation classification code names'.

FIG. 4 is a diagram showing an example of a screen for obtaining a result of determining whether an operation regulation is violated by using a computer program provided from a compliance support server.

The asset management server 110 may display a result of determining whether operation regulations are violated by using a computer program provided from the compliance support server 120 on the screen. For example, referring to FIG. 4, the asset management server 110 may obtain a result of determining whether operating regulations related to the 'same item holding limit (stock) of a fund' from among operation regulations are violated. On the screen, a limit ratio 410 of stocks and a stock holding ratio 420, which are defined for each of funds to be determine for violations of operating regulations thereof, may be displayed. At this time, when the stock holding ratio 420 exceeds the limit ratio 410, 'over limit' may be displayed on a violation history 430.

FIG. 5 is a diagram showing another example of a screen for obtaining a result of determining whether an operation regulation is violated by using a computer program provided from a compliance support server.

Referring to FIG. 5, the asset management server 110 may obtain a result of determining whether operating regulations related to 'limit on investment securities issued by the same person for money market fund' from among operating regulations are violated. For each money market fund, the sum of the amount of transactions with the same person as the trading counterparty may be limited to within a certain ratio (%) of gross fund assets. On the screen, a limit ratio 510 defined for each of money market funds to be determined for whether operating regulations are violated and a holding ratio 520 of an amount of transactions with the same person as a trading counterparty may be displayed. At this time, when the holding ratio 520 of the amount of transactions with the same person exceeds the limit ratio 510, it may be determined that operating regulations related to 'limit on investment securities issued by the same person for money market fund' from among operating regulations are violated.

FIG. 6 is a diagram showing an example of a device that provides a service for determining in real time whether a fund's operating regulations are violated.

The device that provides a service for determining in real time whether a fund's operating regulations are violated 600 shown in FIG. 6 includes components for performing the method of providing services for determining in real time whether a fund's operating regulations are violated described above with reference to FIGS. 1 to 5. Therefore, even omitted below, descriptions given above with reference to FIGS. 1 to 5 may be applied to the device that provides a service for determining in real time whether a fund's operating regulations are violated 600 shown in FIG. 6.

Referring to FIG. 6, the device that provides a service for determining in real time whether a fund's operating regulations are violated 600 may include a processor 610, a memory 620, and a communicator 630. Only components of the device that provides a service for determining in real time whether a fund's operating regulations are violated 600 related to the present embodiments are shown in FIG. 6. Therefore, it will be obvious to one of ordinary skill in the art that the device that provides a service for determining in real time whether a fund's operating regulations are violated 600 may further include other general purpose components in addition to the components shown in FIG. 6.

The processor 610 may be operated to determine in real time whether a fund's operating regulations are violated. The operating regulations may include at least one of laws, regulations, investment guidelines, and bylaws relating to the operation of the fund.

For example, the processor 610 may update a ledger in real time by reflecting transaction details concluded during the market hours for each asset of a fund. The processor 610 may update the ledger by reflecting payment processing details, disclosure processing details, and establishment or termination processing details, from a time point at which a payment processing of the day is completed to completion of conclusion of transaction details.

Also, the processor 610 may update the ledger by reflecting the market price of the day for each asset of the fund to the ledger from a time point when conclusion of the transaction details of the day is completed until an evaluation process is completed.

Also, the processor 610 may update the ledger by reflecting the closing price of the day for each asset of the fund from a time point when an evaluation process of the day is completed until a core price is calculated.

Also, the processor 610 may update the ledger by reflecting the core price of the day for each asset of the fund after the core price of the day is calculated.

The processor 610 may calculate an expected net asset value based on the updated ledger. The processor 610 may calculate the expected net asset value by summing accounts on the ledger indicating the increases and decreases of assets of the fund.

Finally, the processor 610 may determine whether at least one of the operating regulations is violated at a preset time interval based on the expected net asset value. For example, the processor 610 may calculate an appraised value of any one of a value of owned stocks, a municipal bond, a bank debenture, a corporate bond, cash, risk assessment, and a corporate bill, and determine the ratio of the appraised value of any one of them to the expected net asset value is greater than a preset limit ratio.

Also, the processor 610 may classify a violation as any one of 'new violation', 'grace', and 'warning'. A violation may be classified as a 'new violation' when the ratio of the appraised value of any one of those stated above to an expected net asset value is greater than a preset limit ratio. A violation may be classified as a 'grace' when the ratio of the appraised value of any one of those stated above to the expected net asset value is greater than the preset ratio and, however, there is a reason for grace. A violation may be classified as a 'warning' when the ratio of the appraised value of any one of those stated above to the expected net asset value is smaller than the preset limit ratio and is greater than a preset warning ratio.

The processor 610 may be implemented with a central processing unit (CPU), a graphics processing unit (GPU), or an application processor (AP) included in the device that provides a service for determining in real time whether a fund's operating regulations are violated 600, but one or more embodiments are not limited thereto.

The memory 620 may store data processed by and data to be processed by the device that provides a service for determining in real time whether a fund's operating regulations are violated 600. For example, the memory 620 may store data including transaction records concluded during the market hours, payment processing records, disclosure processing records, establishment or termination processing records, a market price of the day, a closing price of the day, and a core price for each asset of a fund of the day.

The memory 620 may include, but is not limited to, a random access memory (RAM), such as a dynamic random access memory (DRAM) and a static random access memory (SRAM), a read-only memory (ROM), an electrically erasable programmable read-only memory (EEPROM), a CD- ROM, a Blu-ray or another optical disc storage, a hard disk drive (HDD), a solid state drive (SSD), or a flash memory.

At least a portion of an apparatus (e.g., modules or functions thereof) or a method (e.g., operations) according to various embodiments may be, for example, implemented as commands stored in a computer-readable storage medium in the form of a program module. When the commands are executed by a processor (e.g., the processor 610), one or more processors may perform functions corresponding to the commands. The computer-readable storage medium may be, for example, the memory 620.

Computer-readable recording media include hard disks, floppy disks, magnetic media (e.g. magnetic tapes), optical media (e.g. compact disc read only memories (CD-ROM)), DVD (digital versatile discs), magneto-optical media (e.g. floptical disks), and hardware devices (e.g. read only memories (ROM), random access memories (RAM), or flash memories). Also, examples of program commands may include machine language code such as code generated by a compiler, as well as high-level language code that may be executed by a computer using an interpreter or the like. The above-stated hardware device may be configured to operate as one or more software modules to perform the operations of various embodiments, and vice versa.

It should be understood that embodiments described herein should be considered in a descriptive sense only and not for purposes of limitation. Descriptions of features or aspects within each embodiment should typically be considered as available for other similar features or aspects in other embodiments. While one or more embodiments have been described with reference to the figures, it will be understood by those of ordinary skill in the art that various changes in form and details may be made therein without departing from the spirit and scope of the disclosure as defined by the following claims.

Claims

A method of providing a service for determining in real time whether at least one of a fund's operating regulations is violated, the method comprising:

updating a ledger in real time by reflecting transaction details concluded during the market hours for each asset of the fund;

calculating an expected net asset value based on the updated ledger; and

determining, based on the expected net asset value, whether at least one of the operating regulations is violated during a preset time interval.
The method of claim 1, wherein the operating regulations comprise at least one of laws, regulations, investment guidelines, and bylaws relating to the operation of the fund.
The method of claim 1, wherein, in the updating, from a time point at which a payment processing of a day is completed to completion of conclusion of transaction details, the ledger is updated by reflecting payment processing details, disclosure processing details, establishment or termination processing details, and details of dues from a banking account of each asset of the fund.
The method of claim 1,wherein, in the updating, from a time point when conclusion of the transaction details of the day is completed until an evaluation process is completed, the ledger is updated by reflecting the market price of the day for each asset of the fund.
The method of claim 1, wherein, in the updating, from the time point when the evaluation process of the day is completed until a core price is calculated, the ledger is updated by reflecting the closing price of the day for each asset of the fund.
The method of claim 1, wherein, in the updating, after the core price of the day is calculated, the ledger is updated by reflecting the core price of the day for each asset of the fund.
The method of claim 1, wherein, in the calculating, the expected net asset value is calculated by summing accounts on the ledger indicating increases and decreases of assets of the fund.
The method of claim 1, wherein the determining further comprises

calculating an appraised value of any one of a value of owned stocks, a municipal bond, a bank debenture, a corporate bond, cash, risk assessment, and a corporate bill of the fund, and

determining whether a ratio of an appraised value of any one of the value of owned stocks, the municipal bond, the bank debenture, the corporate bond, cash, risk assessment, and the corporate bill of the fund to the expected net asset value is greater than a preset limit ratio.
The method of claim 8, wherein, in the determining,

the violation is classified as one of a "new violation," a "grace", and a "warning", and

the violation is classified as a 'new violation' when the ratio of the appraised value of any one of the value of owned stocks, the municipal bond, the bank debenture, the corporate bond, cash, risk assessment, and the corporate bill of the fund to an expected net asset value is greater than a preset limit ratio, the violation is classified as a 'grace' when the ratio of the appraised value of any one of the value of owned stocks, the municipal bond, the bank debenture, the corporate bond, cash, risk assessment, and the corporate bill of the fund to the expected net asset value is greater than the preset ratio and, however, there is a reason for grace, and the violation is classified as a 'warning' when the ratio of the appraised value of any one of the value of owned stocks, the municipal bond, the bank debenture, the corporate bond, cash, risk assessment, and the corporate bill of the fund to the expected net asset value is less than the preset limit ratio and is greater than a preset warning ratio.
A computer-readable recording medium having recorded thereon a program for executing the method according to any one of claims 1 to 9 on a computer.
A device for providing a service for determining in real time whether at least one of a fund's operating regulations is violated, the device comprising:

a memory; and

a processor configured to update a ledger in real time by reflecting transaction details concluded during market hours for each asset of the fund, calculate an expected net asset value based on the updated ledger, and, based on the expected net asset value, determine at a preset time interval whether at least one of the operating regulations is violated.
The device of claim 11, wherein the operating regulations comprise at least one of laws, regulations, investment guidelines, and bylaws relating to the operation of the fund.
The device of claim 11, wherein, from a time point at which a payment processing of a day is completed to completion of conclusion of transaction details, the processor is further configured to update the ledger by reflecting payment processing details, disclosure processing details, establishment or termination processing details, and details of dues from a banking account of each asset of the fund.
The device of claim 11, wherein, from a time point when conclusion of the transaction details of the day is completed until an evaluation process is completed, the processor is further configured to update the ledger by reflecting the market price of the day for each asset of the fund.
The device of claim 11, wherein, from the time point when the evaluation process of the day is completed until a core price is calculated, the processor is further configured to update the ledger by reflecting the closing price of the day for each asset of the fund.
The device of claim 11, wherein, after the core price of the day is calculated, the processor is further configured to update the ledger by reflecting the core price of the day for each asset of the fund.
The device of claim 11, wherein the processor is further configured to calculate the expected net asset value by summing accounts on the ledger indicating increases and decreases of assets of the fund.
The device of claim 11, wherein the processor is further configured to

calculate an appraised value of any one of a value of owned stocks, a municipal bond, a bank debenture, a corporate bond, cash, risk assessment, and a corporate bill of the fund, and

determine whether a ratio of an appraised value of any one of the value of owned stocks, the municipal bond, the bank debenture, the corporate bond, cash, risk assessment, and the corporate bill of the fund to the expected net asset value is greater than a preset limit ratio.
The device of claim 18, wherein the processor is further configured to

classify the violation as one of a "new violation," a "grace", and a "warning", and

the violation is classified as a 'new violation' when the ratio of the appraised value of any one of the value of owned stocks, the municipal bond, the bank debenture, the corporate bond, cash, risk assessment, and the corporate bill of the fund to an expected net asset value is greater than a preset limit ratio, the violation is classified as a 'grace' when the ratio of the appraised value of any one of the value of owned stocks, the municipal bond, the bank debenture, the corporate bond, cash, risk assessment, and the corporate bill of the fund to the expected net asset value is greater than the preset ratio and, however, there is a reason for grace, and the violation is classified as a 'warning' when the ratio of the appraised value of any one of the value of owned stocks, the municipal bond, the bank debenture, the corporate bond, cash, risk assessment, and the corporate bill of the fund to the expected net asset value is less than the preset limit ratio and is greater than a preset warning ratio.