Available Dates:
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| Course Code: 901 |
| Duration: 1 day |
| Level: Basic |
| Fee: $795.00 |
| CPE Credits: 7 |
| Prerequisite: No Prerequisite Required. |
This one-day course will describe the typical processing events that occur daily, and particular attention will be paid to the most common errors that are made. In addition, the course will cover the activities of both the trading community (the banks and brokerages) and the mutual fund record keepers (the transfer agents). The sometimes fragile relationships among the major mutual fund components will also be examined.
New Accounts
- Individual
- Joint
- Corporate
- IRA
Purchases
- Order Entry
- Direct
- Class A Breakpoint Review
DTCC Services
- Fund/Serv
- Agreements
- Networking
- Scrubbing
- Omnibus Processing
- Mutual Fund Profile
- Commission Settlement
Redemptions
Other Transactions
- Exchanges
- Transfers
- Systematic Purchases/Withdrawals
Major Players
- Investment Manager
- Custodian
- Fund Accountants
- Transfer Agents
Transfer Agent Functions
- Order Processing
- Settlement
- Customer Service
- Fulfillment
Custodian Functions
- RVP/DVP
- Corporate Actions
After completing this course:
- Participants will be introduced to the business structure of a typical mutual fund with a focus on the operational functions of the transfer agent. In addition, participants will understand the primary differences between open-end and closed-end funds, regulations governing the sale of mutual funds, and privileges afforded mutual fund investors and how these privileges are supported operationally.
- Participants will become familiar with the various share classes offered to today?s investor and understand break points and CDSC. Additionally, participants will become familiar with the NAV calculation, the offering price, and the various mutual fund fees. Participants will explore the impact of sales charges and fees on the performance of an investment.
- Participants will become familiar with the services afforded to the mutual fund and brokerage communities through DTCC, in particular, fund/SERV and networking. In addition, participants will understand how mutual funds are held in a brokerage account and the operational effort required to support them.
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