Ledger — SILC Intelligence design direction

Morning briefing

Exception-first view across fund administration, compliance, onboarding and the tokenised registry.

Compiled 12 Jun 2026 09:55 AEST

Pricing exceptions

2 red · 2 amber

AML alerts open

SLA clocks running

Applications in flight

2 awaiting documents

Unread enquiries

Reply Co-Pilot ready

Today across the platform Strike runs awaiting action 2 · Capital calls overdue 1 · Tokenised registry events open 3

Funds — latest strike

struck 12 Jun 2026 09:42 AEST · pricing desk: R. Calloway

Fund	NAV	Mid price	Status
SILC Private Credit Income FundPCIF	A$182.4M	1.0021	Awaiting approval^*
SILC Diversified Property TrustDPT	A$96.8M	1.2745	Published
SILC Credit Opportunities Fund IICOF II	A$29.6M	1.0119	Exceptions open^†

* PCIF strike awaits second approver — M. Whitford notified 09:44 AEST. † COF II publication blocked while red exceptions remain open.

Covenant positions

reviewed weekly · last 10 Jun

9 green 2 amber 1 breach

†amber means <15% headroom against the tested ratio.

Reconciliation breaks by age

custodian feeds: NAB AS · JPM

0–3 business days5

4–5 business days2

6–10 business days1

10+ business days0

AML — SLA clocks

program v3.2 · 5 BD standard

AL-2206 Structuring due 2d

AL-2209 Third-party funding Overdue 1d

AL-2213 High-risk jurisdiction due 6d

Wholesale certificates

Harrington Family Super Fund expires 14 Jul 2026

The Castellan Family Trust expired 30 May 2026

†s708(8)/s761G(7)(c) certificates are valid 2 years — expiry blocks new applications.

Intelligence · Research memoRM-0114

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From SILC Intelligence · research desk

Re Materiality — unit pricing errors

Date 12 Jun 2026 · 09:56:14 AEST · 2 sources cited

A pricing error equal to or exceeding 0.30% of unit price is material and triggers the compensation procedure, with a $20 de minimis applying to exited investors.¹

A unit price may not be published while any red exception remains open; approving with an amber exception open requires a documented reviewer rationale, reported to the next Compliance Committee.²

Sources

1 Unit Pricing Policy v4.0 · s3 — Governance and standards

2 Unit Pricing Policy v4.0 · s5 — Exception workflow

Grounded answer — drafted in 1.8 s from the governed document set.

Capital activity — next 7 days

distributions & calls desk

15 Jun PCIF Q4 FY26 distributionrecord date — est. A$2.84M across 312 holdings on track

10 Jun COF II capital call C-014A$1.2M outstanding — 2 investors unpaid Overdue 2d

18 Jun DPT quarterly distribution runawaiting published price — auto-queued scheduled

Tokenised registry — open events

registrar feed live · synced 09:51 AEST

TR-0118 Unit transfer — PCIFawaiting trustee countersign — aged 2 BD pending

TR-0121 Mint — new subscriptionheld on AML clearance (AL-2209) blocked

TR-0122 Redemption — COF IIqueued for next published strike queued

Inbox — Reply Co-Pilot

4 unread · drafts prepared against policy

09:12 Harrington Family Super Fund“Distribution timing for Q4?” draft ready

08:47 Meridian Capital Partners“Updated FATCA self-certification attached” draft ready

08:02 The Castellan Family Trust“Certificate renewal — s708(8)” cert expired

End of briefing — the next sheet compiles 13 Jun 2026, 07:30 AEST.