存支付轴^®

存支付轴^® automates and streamlines the processing of commissions and various mutual fund fee types, including the transmission and settlement of invoices for broker controlled and retirement plan accounts, simplifying this critical process for fund companies and intermediaries. 存支付轴 also allows firms active in retirement plan processing to service firm-to-firm commissions in the same efficient manner that is available for fund-to-broker commissions.

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  Advancing the benefits of standardization and automation, 存支付轴 is a regeneration of the former Mutual Fund Commission 结算 service, a tried and tested service since 1992 which eliminates the manual, time intensive and costly processes of exchanging fee information via fax or mail/email. 存支付轴 vastly improves upon those processes by transmitting data through our trusted, 集中平台.

  Aligned with the latest trends and demands in the marketplace, 存支付轴 supports various commissions and fees, including Contingent Deferred Sales Charge (CDSC) payouts, 12b-1 fees (or trail commissions) and many other fee types. The service also simplifies the processing of commissions and other fee payments for both broker controlled accounts and retirement plan accounts.

• 谁可以使用该服务

  Any interested financial organization meeting applicable membership qualifications for 存’s National Securities 清算 Corporation (NSCC) subsidiary is eligible to take advantage of 存支付轴.

• 好处

  • Expedites the distribution and settlement of commissions and various fees for mutual funds
  • Automates and standardizes the invoicing and fee settlement process
  • Simplifies the reconciliation process by providing standardized formats for the exchange of records between funds and firms
  • Lowers costs associated with manual processing of commission and fee payments
  • Reduces risks related to manual processing of commissions and fees
  • Accommodates single-batch processing
  • Consolidates money settlement with other NSCC net settlement activity

• 服务如何运作

  
  

  存支付轴 is accessible via mainframe over 存’s SMART connection, with settlement processes leveraging NSCC’s net settlement system.

  1. 基金或公司的投入: Single-batch files are sent to NSCC for processing, Monday through Saturday. Errors can be corrected through a reversal of the transmission by sending a new file with a credit /debit to the counterparty.
  2. 对基金或公司的产出: Two single-batch files of detailed and summary data are sent Monday through Saturday.
  3. 结算: 结算 for accepted files transmitted to NSCC occurs the following business day. One day prior to settlement date, NSCC notifies both funds and firms of their settlement obligations. Commissions and fees are netted with other NSCC net settlement activity at the end of the day, and settlement takes place through the Federal Reserve System’s National 结算 Service.

• 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).

  
  
  

  存支付轴^® is a service offering of National Securities 清算 Corporation (NSCC), 存全资子公司. The Service is governed by applicable Rules, 程序, 及服务指引, 哪些包含完整的条款, 条件, and limitations applicable to this Service. The Service description herein is for informational purposes only, and NSCC reserves the right to make modifications.