Daily Audit/Reconciliation Procedures Clause Samples

Daily Audit/Reconciliation Procedures. (i) Reconciliation of the custodian’s trust account activity including cash movement, cash balances, settlement of security purchases and sales, and settlement of Fund share purchases and sales; (ii) Reconciliation of the transfer agent’s activity in regard to Fund share movements and “as of” transactions; (iii) Monitoring of the investment adviser’s trading activity, including compliance and brokerage allocations.