Päätöshinnat

Päätöshinnat refers to the final prices of securities, typically stocks or bonds, that are used for important financial decisions. These prices are often determined at the close of the trading day or at a specific time designated by an exchange or regulatory body. They are crucial for various purposes, including valuation, accounting, and performance measurement.

The concept of päätöshinnat is particularly relevant in the context of investment funds and portfolios. Fund managers use these closing prices to calculate the net asset value (NAV) of their funds, which is the per-share market value of the fund's assets. This NAV is then used to determine the price at which investors can buy or sell fund shares.

In regulatory contexts, päätöshinnat can also be used for compliance and reporting. For instance, certain financial regulations may require companies to report the market value of their holdings based on these official closing prices. Similarly, in the absence of active trading, such as for over-the-counter (OTC) derivatives or less liquid securities, a "fair value" is often determined based on models and last traded prices, which can serve a similar function to päätöshinnat for decision-making. The integrity and transparency of the pricing mechanism are therefore vital for the efficient functioning of financial markets.