Mutual Funds Trade Lifecycle
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| Duration: One Day |
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Mutual fund trades follow two workflows based upon whether they are open or close-ended funds. Track both workflows and explore the relationships between brokerage firms, the clearing corporation and the fund, as well as how clients accounts are maintained. Learn about the servicing requirements of fund positions, break point sales, rights of accumulation, monitoring of defined contributions, FundServ/ACATS and other aspects of processing and servicing mutual fund transactions.
| Topics include: |
• Fund accounting service providers
• How mutual funds work and how they are processed from an operations and systems perspective
• In-depth coverage of NSCC interfaces: Fund/Serv, Network, ACATS
• Introduction to operations control issues |
• Mutual fund custodians
• Processing distributions: income and capital gains, DRIP plans
• Settlement and clearing requirements
• Transfer agent service providers |
| Benefits of attendance: |
• Attain knowledge about mutual fund trade processes
• Build knowledge of industry infrastructure
• Examine relationships among different entities |
• Learn about mutual funds margin
• Review account servicing
• Understand latest trends |
| Staff from the following areas should attend: |
• Information Technology
• Internal Audit
• Middle Office |
• Operations
• Regulatory Reporting
• Risk Management |
Basics of the Securities Industry program and mutual fund products or equivalent experience preferred |
