|
Committee
|
Mission
|
Chairperson
|
|
|
To provide timely account transfers by reducing days of the transfer cycle and extending the cutoff time for new transfer submissions. This committee is currently limited to board members only.
|
|
|
|
To coordinate the introduction of Banks into ACATS. Work with the member firms to participate in ACATS with the BANKS.
|
|
|
Communications
|
To communicate Industry changes with the division members via the "Communicator", Educational Dinner meetings, and the Internet.
|
|
Cost Basis - Broker / Bank to Broker / Bank
|
To expand participation in discussing transfer scenarios, issues, and solutions and the related Cost Basis Regulation impact. Participants in ACATS and those firms currently not on ACATS are welcome.
|
|
|
|
To identify and develop an automated standard for selling non-transferable mutual fund assets held at the original delivering firm of an ACAT transfer. This committee is currently limited to board members only.
|
|
|
|
To keep abreast of issues and changes to the Mutual Fund Transfer Process.
|
|
|
|
To identify and develop a standard for transferring mutual fund positions directly with contra firms and mutual fund companies.
|
|
Process and Service Improvement
|
To leverage technology and review alternative solutions to improve transfer processess.
|
|
|
|
To identify issues and develop best practices and industry standard to reduce ACATS rejects.
|
|
|
|
To identify issues and develop an automated standard for CNS/DTC - Memo Seg, Option and International Processing. This committee was formed to eliminate ACATS Settle Prep day.
|
|
