Transfer of Retirement Assets (托)

Transfer of Retirement Assets (托) enables mutual fund companies to transfer to other fund companies the assets and value of mutual fund shares held in fund-sponsored IRA plans and other retirement vehicles. It is a feature of Fund/SERV^®, NSCC’s industry standard for processing and settling mutual fund orders.

• vns6060威尼斯城官网

  托 is accessible via mainframe over 存’s SMART connection.

• 谁可以使用该服务

  Fund companies that are members of NSCC and participate in Fund/SERV can use the service.

• 好处

  • Reduces the time it takes to complete transfers from two weeks to three days.
  • Decreases the number of paper transmittals, faxes and phone calls between funds and shareholders.
  • Increases processing efficiency and lowers the cost of transfers.
  • Reduces errors through the use of a standardized record format.
  • Processes transfers of traditional IRAs, Roth IRAs, SARSEPs, and others.

• 服务如何运作

  • 传输起始: A receiving fund electronically submits a 托 transfer request record through Fund/SERV to the delivering fund.
  • Transfer Acknowledgment/Rejection: 的 delivering fund can either acknowledge or reject the transfer request. If the delivering fund does not acknowledge the transfer request, a reminder is sent to both funds for two business days, and then the request is dropped from the system.
  • 确认: 的 delivering fund submits a confirmation between two and 10 business days after submitting the acknowledgement. 的 confirmation states both the transfer and the actual liquidation of the position by the delivering fund at the price determined by the delivering fund.
  • 提醒: NSCC sends daily reminders of any outstanding transfer acknowledgements or confirmations.
  • 接收资金退出: 的 receiving fund may cancel a transfer at any point up to the time the settlement file is created.
  • 再确认: 的 delivering fund may change any information previously submitted in the confirmation at any point up to the time the settlement file is created.
  • 结算: All confirmed transfers appear on the delivering fund’s next available noon-day settlement file. 的 transaction will settle on the same day it appears in the file.
  • 现金的调整: Either fund can submit a cash adjustment record for a transfer any time after the transfer has settled.

  

• 了解更多信息

  Please contact 客户端支持 at 1-212-855-8877 or by email at (电子邮件保护).

  
  
  

  托 is a functionality of Fund/SERV, a service offering of National Securities 清算 Corporation (NSCC), a wholly-owned 存 subsidiary. Fund/SERV is governed by applicable Rules, 程序, 及服务指引, which contain the full terms, 条件, and limitations applicable to the Service. 的 description herein is for informational purposes only, and NSCC reserves the right to make modifications.