Delegated Duties. 4.1 With respect to the beneficial ownership of, and transactions in, shares in the Fund for which the Transfer Agent maintains the applicable shareholder information, the Transfer Agent shall: (a) Submit all financial and non-financial transactions through the Office of Foreign Assets Control ("OFAC") database and such other lists or databases as may be required from time to time by applicable regulatory authorities; SCHEDULE 1.2(G) AML DELEGATION (continued) (b) Review redemption transactions that occur within thirty (30) days of account or maintenance; (c) Review wires sent pursuant to banking instructions other than those on file; (d) Review a Shareholder's account for unusual activity when purchases and redemptions by the Shareholder (based on social security number or other tax identification number within the Fund's records) hit the $100,000 threshold that has been set on the "Unusual Activity Warning System"; (e) Review accounts to identify those established by known offenders attempting fraud and once identified, freeze such accounts; and (f) Monitor and track cash equivalents under $10,000 for a rolling twelve-month period and file Form 8300 as required by law. 4.2 In the event that the Transfer Agent detects suspicious activity as a result of the foregoing procedures, which necessitates the filing by the Transfer Agent of a suspicious activity report, a Form 8300 or other similar report or notice to OFAC, then the Transfer Agent shall also immediately notify the Fund, unless prohibited by applicable law. SCHEDULE 2.1 THIRD PARTY ADMINISTRATOR(S) PROCEDURES DATED: MAY 30, 2003 1. On each day on which both the New York Stock Exchange and the Fund are open for business (a "Business Day"), the TPA(s) shall receive, on behalf of and as agent of the Fund, Instructions (as hereinafter defined) from the Plan. Instructions shall mean as to each Fund (i) orders by the Plan for the purchases of Shares, and (ii) requests by the Plan for the redemption of Shares; in each case based on the Plan's receipt of purchase orders and redemption requests by Participants in proper form by the time required by the terms of the Plan, but not later than the time of day at which the net asset value of a Fund is calculated, as described from time to time in that Fund's prospectus. Each Business Day on which the TPA receives Instructions shall be a "Trade Date". 2. The TPA(s) shall communicate the TPA(s)'s acceptance of such Instructions, to the applicable Plan. 3. On the next succeeding Business Day following the Trade Date on which it accepted Instructions for the purchase and redemption of Shares, (TD+1), the TPA(s) shall notify the Transfer Agent of the net amount of such purchases or redemptions, as the case may be, for each of the Plans. In the case of net purchases by any Plan, the TPA(s) shall instruct the Trustees of such Plan to transmit the aggregate purchase price for Shares by wire transfer to the Transfer Agent on (TD+1). In the case of net redemptions by any Plan, the TPA(s) shall instruct the Fund's custodian to transmit the aggregate redemption proceeds for Shares by wire transfer to the Trustees of such Plan on (TD+1). The times at which such notification and transmission shall occur on (TD+1) shall be as mutually agreed upon by each Fund, the TPA(s), and the Transfer Agent. 4. The TPA(s) shall maintain separate records for each Plan, which record shall reflect Shares purchased and redeemed, including the date and price for all transactions, and Share balances. The TPA(s) shall maintain on behalf of each of the Plans a single master account with the Transfer Agent and such account shall be in the name of that Plan, the TPA(s), or the nominee of either thereof as the record owner of Shares owned by such Plan.
Appears in 3 contracts
Samples: Transfer Agency and Service Agreement (Tamarack Funds Trust), Transfer Agency and Service Agreement (Investors Mark Series Fund Inc), Transfer Agency and Service Agreement (Tamarack Funds Trust)
Delegated Duties. 4.1 With Consistent with the services provided by the Transfer Agent and with respect to the beneficial ownership of, and transactions in, of shares in the Fund for which the Transfer Agent maintains the applicable shareholder information, the Transfer Agent shall:
(a) Submit all financial and non-financial transactions through the Office of Foreign Assets Control ("“OFAC"”) database and such other lists or databases as may be required from time to time by applicable regulatory authorities; SCHEDULE 1.2(G) AML DELEGATION (continued);
(b) Review special payee checks through OFAC database;
(c) Review redemption transactions that occur within thirty (30) days of account establishment or maintenance;
(cd) Review wires sent pursuant to banking instructions other than those on file;
(d) Review a Shareholder's account for unusual activity when purchases and redemptions by file with the Shareholder (based on social security number or other tax identification number within the Fund's records) hit the $100,000 threshold that has been set on the "Unusual Activity Warning System"Transfer Agent;
(e) Review accounts to identify those established with small balances followed by known offenders attempting fraud and once identified, freeze such accounts; andlarge purchases;
(f) Review accounts with frequent activity within a specified date range followed by a large redemption;
(g) On a daily basis, review purchase and redemption activity per tax identification number (“TIN”) within the Fund to determine if activity for that TIN exceeded the $100,000 threshold on any given day;
(h) Monitor and track cash equivalents under $10,000 for a rolling twelve-month period and file IRS Form 8300 and issue the Shareholder notices required by the IRS;
(i) Determine when a suspicious activity report (“SAR”) should be filed as required by lawregulations applicable to mutual funds; prepare and file the SAR. Provide the Fund with a copy of the SAR within a reasonable time after filing; notify Fund if any further communication is received from U.S. Department of the Treasury or other law enforcement agencies regarding the SAR;
(j) Compare account information to any FinCEN request received by the Fund and provided to the Transfer Agent pursuant to USA PATRIOT Act Sec. 314(a). Provide the Fund with documents/information necessary to respond to requests under USA PATRIOT Act Sec. 314(a) within required time frames; and
(k) In accordance with procedures agreed upon by the parties (which may be amended from time to time by mutual agreement of the parties) (i) verify the identity of any person seeking to open an account with the Fund, (ii) maintain records of the information used to verify the person’s identity and (iii) determine whether the person appears on any lists of known or suspected terrorists or terrorists organizations provided to the Fund by any government agency.
4.2 In the event that the Transfer Agent detects suspicious activity as a result of the foregoing procedures, which necessitates the filing by the Transfer Agent of a suspicious activity reportSAR, a Form 8300 or other similar report or notice to OFAC, then the Transfer Agent shall also immediately notify the Fund, unless prohibited by applicable law. SCHEDULE 2.1 THIRD PARTY ADMINISTRATOR(S) PROCEDURES DATED: MAY 30, 2003
1. On each day on which both the New York Stock Exchange and the Fund are open for business (a "Business Day"), the TPA(s) shall receive, on behalf of and as agent of the Fund, Instructions (as hereinafter defined) from the Plan. Instructions shall mean as to each Fund (i) orders by the Plan for the purchases of Shares, and (ii) requests by the Plan for the redemption of Shares; in each case based on the Plan's receipt of purchase orders and redemption requests by Participants in proper form by the time required by the terms of the Plan, but not later than the time of day at which the net asset value of a Fund is calculated, as described from time to time in that Fund's prospectus. Each Business Day on which the TPA receives Instructions shall be a "Trade Date".
2. The TPA(s) shall communicate the TPA(s)'s acceptance of such Instructions, to the applicable Plan.
3. On the next succeeding Business Day following the Trade Date on which it accepted Instructions for the purchase and redemption of Shares, (TD+1), the TPA(s) shall notify the Transfer Agent of the net amount of such purchases or redemptions, as the case may be, for each of the Plans. In the case of net purchases by any Plan, the TPA(s) shall instruct the Trustees of such Plan to transmit the aggregate purchase price for Shares by wire transfer to the Transfer Agent on (TD+1). In the case of net redemptions by any Plan, the TPA(s) shall instruct the Fund's custodian to transmit the aggregate redemption proceeds for Shares by wire transfer to the Trustees of such Plan on (TD+1). The times at which such notification and transmission shall occur on (TD+1) shall be as mutually agreed upon by each Fund, the TPA(s), and the Transfer Agent.
4. The TPA(s) shall maintain separate records for each Plan, which record shall reflect Shares purchased and redeemed, including the date and price for all transactions, and Share balances. The TPA(s) shall maintain on behalf of each of the Plans a single master account with the Transfer Agent and such account shall be in the name of that Plan, the TPA(s), or the nominee of either thereof as the record owner of Shares owned by such Plan.
Appears in 3 contracts
Samples: Transfer Agency and Service Agreement (Russell Investment Co), Transfer Agency and Service Agreement (Russell Investment Co), Transfer Agency and Service Agreement (Russell Investment Funds)
Delegated Duties. 4.1 With Consistent with the services provided by the Transfer Agent and with respect to the beneficial ownership of, and transactions in, of shares in the Fund for which the Transfer Agent maintains the applicable shareholder information, the Transfer Agent shall:
(a) Submit all financial and non-financial transactions through the Office of Foreign Assets Control ("“OFAC"”) database and such other lists or databases as may be required from time to time by applicable regulatory authorities; SCHEDULE 1.2(G) AML DELEGATION (continued);
(b) Review special payee checks through OFAC database;
(c) Review redemption transactions that occur within thirty (30) days of account establishment or maintenance;
(cd) Review wires sent pursuant to banking instructions other than those on file;
(d) Review a Shareholder's account for unusual activity when purchases and redemptions by file with the Shareholder (based on social security number or other tax identification number within the Fund's records) hit the $100,000 threshold that has been set on the "Unusual Activity Warning System"Transfer Agent;
(e) Review accounts to identify those established with small balances followed by known offenders attempting fraud and once identified, freeze such accounts; andlarge purchases;
(f) Review accounts with frequent activity within a specified date range followed by a large redemption;
(g) On a daily basis, review purchase and redemption activity per tax identification number (“TIN”) within the Funds to determine if activity for that TIN exceeded the $100,000 threshold on any given day;
(h) Monitor and track cash equivalents under $10,000 for a rolling twelve-month period and file IRS Form 8300 and issue the Shareholder notices required by the IRS;
(i) Determine when a suspicious activity report (“SAR”) should be filed as required by lawregulations applicable to mutual funds; prepare and file the SAR. Provide the Fund with a copy of the SAR within a reasonable time after filing; notify Fund if any further communication is received from U.S. Department of the Treasury or other law enforcement agencies regarding the SAR;
(j) Compare account information to any FinCEN request received by the Fund and provided to the Transfer Agent pursuant to USA PATRIOT Act Sec. 314(a). Provide the Fund with documents/information necessary to respond to requests under USA PATRIOT Act Sec. 314(a) within required time frames;
(k) In accordance with procedures agreed upon by the parties (which may be amended from time to time by mutual agreement of the parties) (i) verify the identity of any person seeking to open an account with the Fund, (ii) maintain records of the information used to verify the person’s identity and (iii) determine whether the person appears on any lists of known or suspected terrorists or terrorists organizations provided to the Fund by any government agency; and
(l) Conduct due diligence for new correspondent accounts for foreign financial institutions (as defined in 31 C.F.R. 103.175). Denote foreign correspondent accounts with a distinct social code at account set-up when account set-up is performed by the Transfer Agent or, if account set-up is performed by a party other than the Transfer Agent, at such other time as required documentary evidence for a foreign correspondent account is presented in good order to the Transfer Agent. Following the opening of an account for a foreign financial institution or setting up a dealer relationship with a foreign financial institution, the Transfer Agent will perform an assessment of the money laundering risk presented by the account based on a consideration of relevant factors in accordance with applicable law and information provided by the foreign financial institution in a financial institution questionnaire. After assessing the money laundering risk and determining a risk-ranking for the account, the Transfer Agent will notify the Fund’s AML Officer of any account with a medium or above risk-ranking to obtain further instruction from the Fund. In the situation where due diligence cannot be completed with respect to an account, the Transfer Agent will contact the Fund’s AML Officer for further instruction. For any accounts opened for foreign financial institutions, a periodic review of the account activity will be performed by the Transfer Agent in order to determine consistency with information obtained about the type, purpose, and anticipated activity of the account as detailed in the financial institution questionnaire. Upon request by the Fund, generate periodic reports of foreign correspondent accounts for review by the Fund for purposes of compliance with USA PATRIOT Act, Section 312. In accordance with instructions from the Fund, conduct due diligence for existing accounts selected by the Fund for further review in accordance with the procedures set forth above. Beginning no later than October 2, 2006, conduct additional due diligence for Existing Accounts selected by the Fund for further review in accordance with the procedures set forth above.
4.2 In the event that the Transfer Agent detects suspicious activity as a result of the foregoing procedures, which necessitates the filing by the Transfer Agent of a suspicious activity reportSAR, a Form 8300 or other similar report or notice to OFAC, then the Transfer Agent shall also immediately notify the Fund, unless prohibited by applicable law. SCHEDULE 2.1 THIRD PARTY ADMINISTRATOR(S) PROCEDURES DATED: MAY 30, 2003
1. On each day on which both the New York Stock Exchange and the Fund are open for business (a "Business Day"), the TPA(s) shall receive, on behalf of and as agent of the Fund, Instructions (as hereinafter defined) from the Plan. Instructions shall mean as to each Fund (i) orders by the Plan for the purchases of Shares, and (ii) requests by the Plan for the redemption of Shares; in each case based on the Plan's receipt of purchase orders and redemption requests by Participants in proper form by the time required by the terms of the Plan, but not later than the time of day at which the net asset value of a Fund is calculated, as described from time to time in that Fund's prospectus. Each Business Day on which the TPA receives Instructions shall be a "Trade Date".
2. The TPA(s) shall communicate the TPA(s)'s acceptance of such Instructions, to the applicable Plan.
3. On the next succeeding Business Day following the Trade Date on which it accepted Instructions for the purchase and redemption of Shares, (TD+1), the TPA(s) shall notify the Transfer Agent of the net amount of such purchases or redemptions, as the case may be, for each of the Plans. In the case of net purchases by any Plan, the TPA(s) shall instruct the Trustees of such Plan to transmit the aggregate purchase price for Shares by wire transfer to the Transfer Agent on (TD+1). In the case of net redemptions by any Plan, the TPA(s) shall instruct the Fund's custodian to transmit the aggregate redemption proceeds for Shares by wire transfer to the Trustees of such Plan on (TD+1). The times at which such notification and transmission shall occur on (TD+1) shall be as mutually agreed upon by each Fund, the TPA(s), and the Transfer Agent.
4. The TPA(s) shall maintain separate records for each Plan, which record shall reflect Shares purchased and redeemed, including the date and price for all transactions, and Share balances. The TPA(s) shall maintain on behalf of each of the Plans a single master account with the Transfer Agent and such account shall be in the name of that Plan, the TPA(s), or the nominee of either thereof as the record owner of Shares owned by such Plan.
Appears in 1 contract
Samples: Transfer Agency and Service Agreement (Aig Series Trust)
Delegated Duties. 4.1 With Consistent with the services provided by the Transfer Agent and with respect to the beneficial ownership of, and transactions in, of shares in the Fund for which the Transfer Agent maintains the applicable shareholder information, the Transfer Agent shall:
(a) Submit all financial new account and non-financial registration maintenance transactions through the Office of Foreign Assets Control ("“OFAC"”) database and such other lists or databases as may be required from time to time by applicable regulatory authorities; SCHEDULE 1.2(G) AML DELEGATION (continued);
(b) Submit special payee checks through OFAC database;
(c) Review redemption transactions that occur within thirty (30) calendar days of account establishment or maintenance;
(cd) Review wires sent pursuant to banking instructions other than those on file;
(d) Review a Shareholder's account for unusual activity when purchases and redemptions by file with the Shareholder (based on social security number or other tax identification number within the Fund's records) hit the $100,000 threshold that has been set on the "Unusual Activity Warning System"Transfer Agent;
(e) Review accounts to identify those established with small balances followed by known offenders attempting fraud and once identified, freeze such accounts; andlarge purchases;
(f) Review accounts with frequent activity within a specified date range followed by a large redemption;
(g) On a daily basis, review purchase and redemption activity per tax identification number (“TIN”) within the Fund to determine if activity for that TIN exceeded the $100,000 threshold on any given day;
(h) Monitor and track cash equivalents under $10,000 for a rolling twelve-month period and file IRS Form 8300 and issue the Shareholder notices required by the IRS;
(i) Determine when a suspicious activity report (“SAR”) should be filed as required by lawregulations applicable to mutual funds; prepare and file the SAR. Provide the Fund with a copy of the SAR within a reasonable time after filing; notify the Fund if any further communication is received from U.S. Department of the Treasury or other law enforcement agencies regarding the SAR;
(j) Compare account information to any FinCEN request received by the Fund and provided to the Transfer Agent pursuant to USA PATRIOT Act Sec. 314(a). Provide the Fund with documents/information necessary to respond to requests under USA PATRIOT Act Sec. 314(a) within required time frames;
(i) Verify the identity of any person seeking to open an account with the Fund, (ii) Maintain records of the information used to verify the person’s identity and (iii) Determine whether the person appears on any lists of known or suspected terrorists or terrorists organizations provided to the Fund by any government agency; and
(l) Conduct due diligence for new correspondent accounts for foreign financial institutions (as defined in 31 C.F.R. 103.175). Denote foreign correspondent accounts with a distinct social code at account set-up when account set-up is performed by the Transfer Agent or, if account set-up is performed by a party other than the Transfer Agent, at such other time as required documentary evidence for a foreign correspondent account is presented in good order to the Transfer Agent. Following the opening of an account for a foreign financial institution or setting up a dealer relationship with a foreign financial institution, the Transfer Agent will perform an assessment of the money laundering risk presented by the account based on a consideration of relevant factors in accordance with applicable law and information provided by the foreign financial institution in a financial institution questionnaire. After assessing the money laundering risk and determining a risk-ranking for the account, the Transfer Agent will notify the Fund’s AML Officer of any account with a medium or above risk-ranking to obtain further instruction from the Fund. In the situation where due diligence cannot be completed with respect to an account, the Transfer Agent will contact the Fund’s AML Officer for further instruction. For any accounts opened for foreign financial institutions, a periodic review of the account activity will be performed by the Transfer Agent in order to determine consistency with information obtained about the type, purpose, and anticipated activity of the account as detailed in the financial institution questionnaire. Upon request by the Fund, generate periodic reports of foreign correspondent accounts for review by the Fund for purposes of compliance with USA PATRIOT Act, Section 312. In accordance with instructions from the Fund, conduct due diligence for existing accounts selected by the Fund for further review in accordance with the procedures set forth above.
4.2 In the event that the Transfer Agent detects suspicious activity as a result of the foregoing procedures, which necessitates the filing by the Transfer Agent of a suspicious activity reportSAR, a Form 8300 or other similar report or notice to OFAC, then the Transfer Agent shall also immediately notify the Fund, unless prohibited by applicable law. EACH OF THE FUNDS, INDIVIDUALLY BOSTON FINANCIAL DATA SERVICES, AND NOT JOINTLY, AS INDICATED ON INC. THE SCHEDULE 2.1 THIRD PARTY ADMINISTRATOR(S) PROCEDURES DATEDA By: MAY 30/s/Xxxxxxx Xxxxxxxxx By: /s/Xxxxx X. Xxxxxx Xxxxxxx Xxxxxxxxx, 2003
1. On each day on which both the New York Stock Exchange and the Fund are open for business (a "Business Day")Chief Financial Officer Xxxxx X. Xxxxxx, the TPA(s) shall receive, on behalf of and as agent of the Fund, Instructions (as hereinafter defined) from the Plan. Instructions shall mean as to each Fund (i) orders by the Plan for the purchases of Shares, and (ii) requests by the Plan for the redemption of Shares; in each case based on the Plan's receipt of purchase orders and redemption requests by Participants in proper form by the time required by the terms of the Plan, but not later than the time of day at which the net asset value of a Fund is calculated, as described from time to time in that Fund's prospectus. Each Business Day on which the TPA receives Instructions shall be a "Trade Date".
2. The TPA(s) shall communicate the TPA(s)'s acceptance of such Instructions, to the applicable Plan.
3. On the next succeeding Business Day following the Trade Date on which it accepted Instructions for the purchase and redemption of Shares, (TD+1), the TPA(s) shall notify the Transfer Agent of the net amount of such purchases or redemptions, as the case may be, for each of the Plans. In the case of net purchases by any Plan, the TPA(s) shall instruct the Trustees of such Plan to transmit the aggregate purchase price for Shares by wire transfer to the Transfer Agent on (TD+1). In the case of net redemptions by any Plan, the TPA(s) shall instruct the Fund's custodian to transmit the aggregate redemption proceeds for Shares by wire transfer to the Trustees of such Plan on (TD+1). The times at which such notification and transmission shall occur on (TD+1) shall be as mutually agreed upon by each Fund, the TPA(s), and the Transfer Agent.
4. The TPA(s) shall maintain separate records for each Plan, which record shall reflect Shares purchased and redeemed, including the date and price for all transactions, and Share balances. The TPA(s) shall maintain Vice President As an Authorized Officer on behalf of each of the Plans Funds indicated on Schedule A
A. The Funds shall provide the following information to the Transfer Agent:
1. The name and contact information for the Financial Intermediary, with which the Funds have a single master “shareholder information agreement” (under which the Financial Intermediary agrees to provide, at the Fund’s request, identity and transaction information about shareholders who hold their shares through an account with the Financial Intermediary (an “accountlet”)), that is to receive an information request;
2. The Funds to be included, along with each Fund’s frequency trading policy, under surveillance for the Financial Intermediary;
3. The frequency of supplemental data requests from the Transfer Agent;
4. The duration of supplemental data requests (e.g. 60 calendar days, 90 calendar days); and
5. The expected turnaround time for a response from the Financial Intermediary to an information request (including requests for supplemental data)
B. Upon receipt of the foregoing information, the Funds hereby authorize and instruct the Transfer Agent and such account shall be in to perform the name of that Plan, the TPA(s), or the nominee of either thereof as the record owner of Shares owned by such Plan.following Services:
Appears in 1 contract
Samples: Transfer Agency and Service Agreement (Credit Suisse Commodity Return Strategy Fund)
Delegated Duties. 4.1 With Consistent with the services provided by the Transfer Agent and with respect to the beneficial ownership of, and transactions in, of shares in the Fund for which the Transfer Agent maintains the applicable shareholder information, the Transfer Agent shall:
(a) Submit all financial and non-financial transactions through the Office of Foreign Assets Control ("“OFAC"”) database and such other lists or databases as may be required from time to time by applicable regulatory authorities; SCHEDULE 1.2(G) AML DELEGATION (continued);
(b) Review special payee checks through OFAC database;
(c) Review redemption transactions that occur within thirty (30) days of account establishment or maintenance;
(cd) Review wires sent pursuant to banking instructions other than those on file;
(d) Review a Shareholder's account for unusual activity when purchases and redemptions by file with the Shareholder (based on social security number or other tax identification number within the Fund's records) hit the $100,000 threshold that has been set on the "Unusual Activity Warning System"Transfer Agent;
(e) Review accounts to identify those established with small balances followed by known offenders attempting fraud and once identified, freeze such accounts; andlarge purchases;
(f) Review accounts with frequent activity within a specified date range followed by a large redemption;
(g) On a daily basis, review purchase and redemption activity per tax identification number (“TIN”) within the Funds to determine if activity for that TIN exceeded the $100,000 threshold on any given day;
(h) Monitor and track cash equivalents under $10,000 for a rolling twelve-month period and file IRS Form 8300 and issue the Shareholder notices required by the IRS;
(i) Determine when a suspicious activity report (“SAR”) should be filed as required by lawregulations applicable to mutual funds; prepare and file the SAR. Provide the Fund with a copy of the SAR within a reasonable time after filing; notify Fund if any further communication is received from U.S. Department of the Treasury or other law enforcement agencies regarding the SAR;
(j) Compare account information to any FinCEN request received by the Fund and provided to the Transfer Agent pursuant to USA PATRIOT Act Sec. 314(a). Provide the Fund with documents/information necessary to respond to requests under USA PATRIOT Act Sec. 314(a) within required time frames; and
(k) In accordance with procedures agreed upon by the parties (which may be amended from time to time by mutual agreement of the parties) (i) verify the identity of any person seeking to open an account with the Fund, (ii) maintain records of the information used to verify the person’s identity and (iii) determine whether the person appears on any lists of known or suspected terrorists or terrorists organizations provided to the Fund by any government agency.
4.2 In the event that the Transfer Agent detects suspicious activity as a result of the foregoing procedures, which necessitates the filing by the Transfer Agent of a suspicious activity reportSAR, a Form 8300 or other similar report or notice to OFAC, then the Transfer Agent shall also immediately notify the Fund, unless prohibited by applicable law. SCHEDULE 2.1 THIRD PARTY ADMINISTRATOR(S) PROCEDURES DATEDXXXXX & STEERS ASIA PACIFIC REALTY SHARES, INC. STATE STREET BANK AND TRUST COMPANY BY: MAY 30, 2003BY: Xxxxxx X. Xxxxxx Name: Executive Vice President Title:
1. On each day on which both the New York Stock Exchange and the Fund are open for business (a "“Business Day"”), the TPA(s) shall receive, on behalf of and as agent of the Fund, Instructions (as hereinafter defined) from the Plan. Instructions shall mean as to each Fund (i) orders by the Plan for the purchases of Shares, and (ii) requests by the Plan for the redemption of Shares; in each case based on the Plan's ’s receipt of purchase orders and redemption requests by Participants in proper form by the time required by the terms of the Plan, but not later than the time of day at which the net asset value of a Fund is calculated, as described from time to time in that Fund's ’s prospectus. Each Business Day on which the TPA receives Instructions shall be a "“Trade Date"”.
2. The TPA(s) shall communicate the TPA(s)'s ’s acceptance of such Instructions, to the applicable Plan.
3. On the next succeeding Business Day following the Trade Date on which it accepted Instructions for the purchase and redemption of Shares, (TD+1), the TPA(s) shall notify the Transfer Agent of the net amount of such purchases or redemptions, as the case may be, for each of the Plans. In the case of net purchases by any Plan, the TPA(s) shall instruct the Trustees of such Plan to transmit the aggregate purchase price for Shares by wire transfer to the Transfer Agent on (TD+1). In the case of net redemptions by any Plan, the TPA(s) shall instruct the Fund's ’s custodian to transmit the aggregate redemption proceeds for Shares by wire transfer to the Trustees of such Plan on (TD+1). The times at which such notification and transmission shall occur on (TD+1) shall be as mutually agreed upon by each Fund, the TPA(s), and the Transfer Agent.
4. The TPA(s) shall maintain separate records for each Plan, which record shall reflect Shares purchased and redeemed, including the date and price for all transactions, and Share balances. The TPA(s) shall maintain on behalf of each of the Plans a single master account with the Transfer Agent and such account shall be in the name of that Plan, the TPA(s), or the nominee of either thereof as the record owner of Shares owned by such Plan.
Appears in 1 contract
Samples: Transfer Agency and Service Agreement (Cohen & Steers Asia Pacific Realty Shares, Inc.)
Delegated Duties. 4.1 With 4.1. Consistent with the services provided by the Transfer Agent and with respect to the beneficial ownership of, and transactions in, shares in the Fund for which the Transfer Agent maintains the applicable shareholder information, the Transfer Agent shall:: SCHEDULE 1.2(G) AML DELEGATION (CONTINUED)
(a) Submit all financial and non-financial transactions through the Office of Foreign Assets Control ("OFAC") database and such other lists or databases as may be required from time to time by applicable regulatory authorities; SCHEDULE 1.2(G) AML DELEGATION (continued);
(b) Review redemption transactions that occur within thirty (30) days of account or maintenance;
(c) Review wires sent pursuant to banking instructions other than those on file;
(d) Review a Shareholder's account for unusual activity when purchases and redemptions by the Shareholder (based on social security number or other tax identification number within the Fund's records) hit the $100,000 threshold that has been set on the "Unusual Activity Warning System";
(e) Review accounts to identify those established by known offenders attempting fraud and once identified, freeze such accounts; and
(f) Monitor and track cash equivalents under $10,000 for a rolling twelve-month period and file Form 8300 as required by law; and
(g) Comply with the Customer Identification Program requirements of Section 326 of the USA PATRIOT Act.
4.2 4.2. In the event that the Transfer Agent detects suspicious activity as a result of the foregoing procedures, which necessitates the filing by the Transfer Agent of a suspicious activity report, a Form 8300 or other similar report or notice to OFAC, then the Transfer Agent shall also immediately notify the Fund, unless prohibited by applicable law. STATE STREET BANK AND TRUST COMPANY BY: BY: ----------------------------------- ------------------------------------ SCHEDULE 2.1 THIRD PARTY ADMINISTRATOR(S) PROCEDURES DATED: MAY 30, 2003DATED ____________
1. On each day on which both the New York Stock Exchange and the Fund are open for business (a "Business Day"), the TPA(s) shall receive, on behalf of and as agent of the Fund, Instructions (as hereinafter defined) from the Plan. Instructions shall mean as to each Fund (i) orders by the Plan for the purchases of Shares, and (ii) requests by the Plan for the redemption of Shares; in each case based on the Plan's receipt of purchase orders and redemption requests by Participants in proper form by the time required by the terms of the Plan, but not later than the time of day at which the net asset value of a Fund is calculated, as described from time to time in that Fund's prospectus. Each Business Day on which the TPA receives Instructions shall be a "Trade Date".
2. The TPA(s) shall communicate the TPA(s)'s acceptance of such Instructions, to the applicable Plan.
3. On the next succeeding Business Day following the Trade Date on which it accepted Instructions for the purchase and redemption of Shares, (TD+1), the TPA(s) shall notify the Transfer Agent of the net amount of such purchases or redemptions, as the case may be, for each of the Plans. In the case of net purchases by any Plan, the TPA(s) shall instruct the Trustees of such Plan to transmit the aggregate purchase price for Shares by wire transfer to the Transfer Agent on (TD+1). In the case of net redemptions by any Plan, the TPA(s) shall instruct the Fund's custodian to transmit the aggregate redemption proceeds for Shares by wire transfer to the Trustees of such Plan on (TD+1). The times at which such notification and transmission shall occur on (TD+1) shall be as mutually agreed upon by each Fund, the TPA(s), and the Transfer Agent.
4. The TPA(s) shall maintain separate records for each Plan, which record shall reflect Shares purchased and redeemed, including the date and price for all transactions, and Share balances. The TPA(s) shall maintain on behalf of each of the Plans a single master account with the Transfer Agent and such account shall be in the name of that Plan, the TPA(s), or the nominee of either thereof as the record owner of Shares owned by such Plan.
Appears in 1 contract
Samples: Transfer Agency and Service Agreement (Aig Series Trust)
Delegated Duties. 4.1 With respect to the beneficial ownership of, and transactions in, shares in the Fund for which the Transfer Agent maintains the applicable shareholder information, the Transfer Agent shall:
(a) Submit all financial and non-financial transactions through the Office of Foreign Assets Control ("“OFAC"”) database and such other lists or databases as may be required from time to time by applicable regulatory authorities; SCHEDULE 1.2(G) AML DELEGATION (continued);
(b) Review redemption transactions that occur within thirty (30) days of account or maintenance;; SCHEDULE 1.2(G) AML DELEGATION (continued)
(c) Review wires sent pursuant to banking instructions other than those on file;
(d) Review a Shareholder's ’s account for unusual activity when purchases and redemptions by the Shareholder (based on social security number or other tax identification number within the Fund's ’s records) hit the $100,000 threshold that has been set on the "“Unusual Activity Warning System"”;
(e) Review accounts to identify those established by known offenders attempting fraud and once identified, freeze such accounts; and
(f) Monitor and track cash equivalents under $10,000 for a rolling twelve-month period and file Form 8300 as required by law.
4.2 In the event that the Transfer Agent detects suspicious activity as a result of the foregoing procedures, which necessitates the filing by the Transfer Agent of a suspicious activity report, a Form 8300 or other similar report or notice to OFAC, then the Transfer Agent shall also immediately notify the Fund, unless prohibited by applicable law. SCHEDULE 2.1 THIRD PARTY ADMINISTRATOR(S) PROCEDURES DATEDBy: MAY 30, 2003By: Name: Name: Title: Title:
1. On each day on which both the New York Stock Exchange and the Fund are open for business (a "“Business Day"”), the TPA(s) Plan Agent shall receive, on behalf of and as agent of the Fund, Instructions (as hereinafter defined) from the Plan. Instructions shall mean as to each Fund (i) orders by the Plan for the purchases of Shares, and (ii) requests by the Plan for the redemption of Shares; in each case based on the Plan's ’s receipt of purchase orders and redemption requests by Participants in proper form by the time required by the terms of the Plan, but not later than the time of day at which the net asset value of a Fund is calculated, as described from time to time in that Fund's ’s prospectus. Each Business Day on which the TPA PLAN AGENT receives Instructions shall be a "“Trade Date"”.
2. The TPA(s) Plan Agent shall communicate the TPA(s)'s Plan Agent’s acceptance of such Instructions, to the applicable Plan.
3. On the next succeeding Business Day following the Trade Date on which it accepted Instructions for the purchase and redemption of Shares, (TD+1), the TPA(s) Plan Agent shall notify the Transfer Agent of the net amount of such purchases or redemptions, as the case may be, for each of the Plans. In the case of net purchases by any Plan, the TPA(s) Plan Agent shall instruct the Trustees of such Plan to transmit the aggregate purchase price for Shares by wire transfer to the Transfer Agent on (TD+1). In the case of net redemptions by any Plan, the TPA(s) Plan Agent shall instruct the Fund's ’s custodian to transmit the aggregate redemption proceeds for Shares by wire transfer to the Trustees of such Plan on (TD+1). The times at which such notification and transmission shall occur on (TD+1) shall be as mutually agreed upon by each Fund, the TPA(s)Plan Agent, and the Transfer Agent.
4. The TPA(s) Plan Agent shall maintain separate records for each Plan, which record shall reflect Shares purchased and redeemed, including the date and price for all transactions, and Share balances. The TPA(s) Plan Agent shall maintain on behalf of each of the Plans a single master account with the Transfer Agent and such account shall be in the name of that Plan, the TPA(s)Plan Agent, or the nominee of either thereof as the record owner of Shares owned by such Plan.
Appears in 1 contract
Samples: Transfer Agency and Service Agreement (John Hancock Trust)
Delegated Duties. 4.1 With Consistent with the services provided by the Transfer Agent and with respect to the beneficial ownership of, and transactions in, of shares in the Fund for which the Transfer Agent maintains the applicable shareholder information, the Transfer Agent shall:
(a) Submit all financial new account and non-financial registration maintenance transactions through the Office of Foreign Assets Control ("“OFAC"”) database and such other lists or databases as may be required from time to time by applicable regulatory authorities; SCHEDULE 1.2(G) AML DELEGATION (continued);
(b) Submit special payee checks through OFAC database;
(c) Review redemption transactions that occur within thirty (30) days of account establishment or maintenance;
(cd) Review wires sent pursuant to banking instructions other than those on file;
(d) Review a Shareholder's account for unusual activity when purchases and redemptions by file with the Shareholder (based on social security number or other tax identification number within the Fund's records) hit the $100,000 threshold that has been set on the "Unusual Activity Warning System"Transfer Agent;
(e) Review accounts to identify those established with small balances followed by known offenders attempting fraud and once identified, freeze such accounts; andlarge purchases;
(f) Review accounts with frequent activity within a specified date range followed by a large redemption;
(g) On a daily basis, review purchase and redemption activity per tax identification number (“TIN”) within the Trust to determine if activity for that TIN exceeded the $100,000 threshold on any given day;
(h) Monitor and track cash equivalents under $10,000 for a rolling twelve-month period and file IRS Form 8300 and issue the Shareholder notices required by the IRS;
(i) Determine when a suspicious activity report (“SAR”) should be filed as required by lawregulations applicable to mutual funds; prepare and file the SAR. Provide the Fund with a copy of the SAR within a reasonable time after filing; notify the Fund if any further communication is received from U.S. Department of the Treasury or other law enforcement agencies regarding the SAR;
(j) Compare account information to any FinCEN request received by the Fund and provided to the Transfer Agent pursuant to USA PATRIOT Act Sec. 314(a). Provide the Fund with documents/information necessary to respond to requests under USA PATRIOT Act Sec. 314(a) within required time frames;
(i) Verify the identity of any person seeking to open an account with the Fund, (ii) Maintain records of the information used to verify the person’s identity and (iii) Determine whether the person appears on any lists of known or suspected terrorists or terrorists organizations provided to the Fund by any government agency; and
(l) Conduct due diligence for new correspondent accounts for foreign financial institutions (as defined in 31 C.F.R. 103.175). Denote foreign correspondent accounts with a distinct social code at account set-up when account set-up is performed by the Transfer Agent or, if account set-up is performed by a party other than the Transfer Agent, at such other time as required documentary evidence for a foreign correspondent account is presented in good order to the Transfer Agent. Following the opening of an account for a foreign financial institution or setting up a dealer relationship with a foreign financial institution, the Transfer Agent will perform an assessment of the money laundering risk presented by the account based on a consideration of relevant factors in accordance with applicable law and information provided by the foreign financial institution in a financial institution questionnaire. After assessing the money laundering risk and determining a risk-ranking for the account, the Transfer Agent will notify the Fund’s AML Officer of any account with a medium or above risk-ranking to obtain further instruction from the Fund. In the situation where due diligence cannot be completed with respect to an account, the Transfer Agent will contact the Fund’s AML Officer for further instruction. For any accounts opened for foreign financial institutions, a periodic review of the account activity will be performed by the Transfer Agent in order to determine consistency with information obtained about the type, purpose, and anticipated activity of the account as detailed in the financial institution questionnaire. Upon request by the Fund, generate periodic reports of foreign correspondent accounts for review by the Fund for purposes of compliance with USA PATRIOT Act, Section 312. In accordance with instructions from the Fund, conduct due diligence for existing accounts selected by the Fund for further review in accordance with the procedures set forth above.
4.2 In the event that the Transfer Agent detects suspicious activity as a result of the foregoing procedures, which necessitates the filing by the Transfer Agent of a suspicious activity reportSAR, a Form 8300 or other similar report or notice to OFAC, then the Transfer Agent shall also immediately notify the Fund, unless prohibited by applicable law. EACH OF THE ENTITIES, INDIVIDUALLY AND NOT JOINTLY, AS LISTED ON SCHEDULE 2.1 THIRD PARTY ADMINISTRATOR(S) PROCEDURES DATEDA BOSTON FINANCIAL DATA SERVICES, INC. By: MAY 30, 2003/s/ J. Xxxxxxx Xxxxxxx By: /s/ Xxxx Xxxxxxx Name: J. Xxxxxxx Xxxxxxx Name: Xxxx Xxxxxxx Title: Sole Trustee Title: Senior Vice President As an Authorized Officer on behalf of each of the Funds indicated on Schedule A
1. On each day on which both the New York Stock Exchange and the Fund are open for business (a "“Business Day"”), the TPA(s) shall receive, on behalf of and as agent of the Fund, Instructions (as hereinafter defined) from the Plan. Instructions shall mean as to each Fund (i) orders by the Plan for the purchases of Shares, and (ii) requests by the Plan for the redemption of Shares; in each case based on the Plan's ’s receipt of purchase orders and redemption requests by Participants in proper form by the time required by the terms term of the Plan, but not later than the time of day at which the net asset value of a Fund is calculated, as described from time to time in that Fund's ’s prospectus. Each Business Day on which the TPA receives Instructions shall be a "“Trade Date"”.
2. The TPA(s) shall communicate the TPA(s)'s ’s acceptance of such Instructions, to the applicable Plan.
3. On the next succeeding Business Day following the Trade Date on which it accepted Instructions for the purchase and redemption of Shares, (TD+1), the TPA(s) shall notify the Transfer Agent of the net amount of such purchases or redemptions, as the case may be, for each of the Plans. In the case of net purchases by any Plan, the TPA(s) shall instruct the Trustees trustees of such Plan to transmit the aggregate purchase price for Shares by wire transfer to the Transfer Agent on (TD+1). In the case of net redemptions by any Plan, the TPA(s) shall instruct the Fund's ’s custodian to transmit the aggregate redemption proceeds for Shares by wire transfer to the Trustees trustees of such Plan on (TD+1). The times at which such notification and transmission shall occur on (TD+1) shall be as mutually agreed upon by each Fund, the TPA(s), and the Transfer Agent.
4. The TPA(s) shall maintain separate records for each Plan, which record shall reflect Shares purchased and redeemed, including the date and price for all transactions, and Share balances. The TPA(s) shall maintain on behalf of each of the Plans a single master account with the Transfer Agent and such account shall be in the name of that Plan, the TPA(s), or the nominee of either thereof as the record owner of Shares owned by such Plan.
Appears in 1 contract
Delegated Duties. 4.1 With Consistent with the services provided by the Transfer Agent and with respect to the beneficial ownership of, and transactions in, shares of Shares in the Fund for which the Transfer Agent maintains the applicable shareholder Shareholder information, the Transfer Agent shall:
(a) Submit all financial new account and non-financial registration maintenance transactions through the Office of Foreign Assets Control ("“OFAC"”) database and such other lists or databases as may be required from time to time by applicable regulatory authorities; SCHEDULE 1.2(G) AML DELEGATION (continued);
(b) Submit special payee checks through OFAC database;
(c) Review redemption transactions that occur within thirty (30) days of account establishment or maintenance;
(cd) Review wires sent pursuant to banking instructions other than those on file;
(d) Review a Shareholder's account for unusual activity when purchases and redemptions by file with the Shareholder (based on social security number or other tax identification number within the Fund's records) hit the $100,000 threshold that has been set on the "Unusual Activity Warning System"Transfer Agent;
(e) Review accounts to identify those established with small balances followed by known offenders attempting fraud and once identified, freeze such accounts; andlarge purchases;
(f) Review accounts with frequent activity within a specified date range followed by a large redemption;
(g) On a daily basis, review purchase and redemption activity per tax identification number (“TIN”) within the Fund to determine if activity for that TIN exceeded the $100,000 threshold on any given day;
(h) Monitor and track cash equivalents under $10,000 for a rolling twelve-month period and file IRS Form 8300 and issue the Shareholder notices required by the IRS;
(i) Determine when a suspicious activity report (“SAR”) should be filed as required by lawregulations applicable to mutual funds; prepare and file the SAR. Provide the Fund with a copy of the SAR within a reasonable time after filing; notify the Fund if any further communication is received from U.S. Department of the Treasury or other law enforcement agencies regarding the SAR;
(j) Compare account information to any FinCEN request received by the Fund and provided to the Transfer Agent pursuant to USA PATRIOT Act Sec. 314(a). Provide the Fund with documents/information necessary to respond to requests under USA PATRIOT Act Sec. 314(a) within required time frames;
(i) Verify the identity of any person seeking to open an account with the Fund, (ii) Maintain records of the information used to verify the person’s identity and (iii) Determine whether the person appears on any lists of known or suspected terrorists or terrorists organizations provided to the Fund by any government agency; and
(l) Conduct due diligence for new correspondent accounts for foreign financial institutions (as defined in 31 C.F.R. 103.175). Following the opening of an account for a foreign financial institution or setting up a dealer relationship with a foreign financial institution, the Transfer Agent will perform an assessment of the money laundering risk presented by the account based on a consideration of relevant factors in accordance with applicable law and information provided by the foreign financial institution in a financial institution questionnaire. After assessing the money laundering risk and determining a risk-ranking for the account, the Transfer Agent will notify the Trust’s AML Officer of any account with a medium or above risk-ranking to obtain further instruction from the Fund. In the situation where due diligence cannot be completed with respect to an account, the Transfer Agent will contact the Fund’s AML Officer for further instruction. For any accounts opened for foreign financial institutions, a periodic review of the account activity will be performed by the Transfer Agent in order to determine consistency with information obtained about the type, purpose, and anticipated activity of the account as detailed in the financial institution questionnaire. Upon request by the Fund, generate periodic reports of foreign correspondent accounts for review by the Fund for purposes of compliance with USA PATRIOT Act, Section 312. In accordance with instructions from the Fund, conduct due diligence for existing accounts selected by the Fund for further review in accordance with the procedures set forth above.
(m) Upon the request by the Trust, conduct due diligence to determine if the Fund is involved with any foreign jurisdiction, institution, class of transactions and a type of account designated, from time to time, by the U.S. Department of Justice in order to identify and take certain “special measures” against such entities as required under Section 311 of the USA PATRIOT Act (31 C.F.R. 103.193).
4.2 In the event that the Transfer Agent detects suspicious activity as a result of the foregoing procedures, which necessitates the filing by the Transfer Agent of a suspicious activity reportSAR, a Form 8300 or other similar report or notice to OFAC, then the Transfer Agent shall also immediately notify the Fund, unless prohibited by applicable law. SCHEDULE 2.1 THIRD PARTY ADMINISTRATOR(S) PROCEDURES DATEDALLSTATE FINANCIAL INVESTMENT TRUST BOSTON FINANCIAL DATA SERVICES, INC. By: MAY 30By: Xxxxxx Xxxxxx, 2003Vice President Name: Title:
A. The Trust shall provide the following information to the Transfer Agent:
1. On each day on The name and contact information for the Financial Intermediary, with which both the New York Stock Exchange Trust have a “shareholder information agreement” (under which the Financial Intermediary agrees to provide, at the Trust’s request, identity and transaction information about shareholders who hold their shares through an account with the Fund are open for business Financial Intermediary (a "Business Day"an “accountlet”)), the TPA(s) shall receive, on behalf of and as agent of the Fund, Instructions (as hereinafter defined) from the Plan. Instructions shall mean as that is to each Fund (i) orders by the Plan for the purchases of Shares, and (ii) requests by the Plan for the redemption of Shares; in each case based on the Plan's receipt of purchase orders and redemption requests by Participants in proper form by the time required by the terms of the Plan, but not later than the time of day at which the net asset value of a Fund is calculated, as described from time to time in that Fund's prospectus. Each Business Day on which the TPA receives Instructions shall be a "Trade Date".receive an information request;
2. The TPA(s) shall communicate Trust to be included, along with each Trust’s frequency trading policy, under surveillance for the TPA(s)'s acceptance of such Instructions, to the applicable Plan.Financial Intermediary;
3. On the next succeeding Business Day following the Trade Date on which it accepted Instructions for the purchase and redemption The frequency of Shares, (TD+1), the TPA(s) shall notify the Transfer Agent of the net amount of such purchases or redemptions, as the case may be, for each of the Plans. In the case of net purchases by any Plan, the TPA(s) shall instruct the Trustees of such Plan to transmit the aggregate purchase price for Shares by wire transfer to the Transfer Agent on (TD+1). In the case of net redemptions by any Plan, the TPA(s) shall instruct the Fund's custodian to transmit the aggregate redemption proceeds for Shares by wire transfer to the Trustees of such Plan on (TD+1). The times at which such notification and transmission shall occur on (TD+1) shall be as mutually agreed upon by each Fund, the TPA(s), and supplemental data requests from the Transfer Agent.;
4. The TPA(s) shall maintain separate records for each Planduration of supplemental data requests (e.g. 60 days, which record shall reflect Shares purchased and redeemed, including the date and price for all transactions, and Share balances90 days); and
5. The TPA(s) shall maintain on behalf of each expected turnaround time for a response from the Financial Intermediary to an information request (including requests for supplemental data)
B. Upon receipt of the Plans a single master account with foregoing information, the Trust hereby authorizes and instructs the Transfer Agent and such account shall be in to perform the name of that Plan, the TPA(s), or the nominee of either thereof as the record owner of Shares owned by such Plan.following Services:
Appears in 1 contract
Samples: Transfer Agency and Service Agreement (Allstate Financial Investment Trust)
Delegated Duties. 4.1 With Consistent with the services provided by the Transfer Agent and with respect to the beneficial ownership of, and transactions in, shares in the Fund for which the Transfer Agent maintains the applicable shareholder information, the Transfer Agent shall:
(a) Submit all financial and non-financial transactions through the Office of Foreign Assets Control ("OFAC") database and such other lists or databases as may be required from time to time by applicable regulatory authorities; SCHEDULE 1.2(G) AML DELEGATION (continued);
(b) Review redemption transactions that occur within thirty (30) days of account or maintenance;
(c) Review wires sent pursuant to banking instructions other than those on file;
(d) Review a Shareholder's account for unusual activity when purchases and redemptions by the Shareholder (based on social security number or other tax identification number within the Fund's records) hit the $100,000 threshold that has been set on the "Unusual Activity Warning System";
(e) Review accounts to identify those established by known offenders attempting fraud and once identified, freeze such accounts; and
(f) Monitor and track cash equivalents under $10,000 for a rolling twelve-month period and file Form 8300 as required by law.
4.2 In the event that the Transfer Agent detects suspicious activity as a result of the foregoing procedures, which necessitates the filing by the Transfer Agent of a suspicious activity report, a Form 8300 or other similar report or notice to OFAC, then the Transfer Agent shall also immediately notify the Fund, unless prohibited by applicable law. XXXXX & STEERS UTILITY FUND, INC. STATE STREET BANK AND TRUST COMPANY BY: _________________________________ BY: ___________________________ Name: _______________________________ Title: ______________________________ SCHEDULE 2.1 THIRD PARTY ADMINISTRATOR(S) ADMINISTRATORS PROCEDURES DATED: MAY 30, 2003Dated
1. On each day on which both the New York Stock Exchange and the Fund are open for business (a "Business Day"), the TPA(s) shall receive, on behalf of and as agent of the Fund, Instructions (as hereinafter defined) from the Plan. Instructions shall mean as to each Fund (i) orders by the Plan for the purchases of Shares, and (ii) requests by the Plan for the redemption of Shares; in each case based on the Plan's receipt of purchase orders and redemption requests by Participants in proper form by the time required by the terms of the Plan, but not later than the time of day at which the net asset value of a Fund is calculated, as described from time to time in that Fund's prospectus. Each Business Day on which the TPA receives Instructions shall be a "Trade Date".
2. The TPA(s) shall communicate the TPA(s)'s acceptance of such Instructions, to the applicable Plan.
3. On the next succeeding Business Day following the Trade Date on which it accepted Instructions for the purchase and redemption of Shares, (TD+1TD+I), the TPA(s) shall notify the Transfer Agent of the net amount of such purchases or redemptions, as the case may be, for each of the Plans. In the case of net purchases by any Plan, the TPA(s) shall instruct the Trustees of such Plan to transmit the aggregate purchase price for Shares by wire transfer to the Transfer Agent on (TD+1). In the case of net redemptions by any Plan, the TPA(s) shall instruct the Fund's custodian to transmit the aggregate redemption proceeds for Shares by wire transfer to the Trustees of such Plan on (TD+1). The times at which such notification and transmission shall occur on (TD+1) shall be as mutually agreed upon by each Fund, the TPA(s), and the Transfer Agent.
4. The TPA(s) shall maintain separate records for each Plan, which record shall reflect Shares purchased and redeemed, including the date and price for all transactions, and Share balances. The TPA(s) shall maintain on behalf of each of the Plans a single master account with the Transfer Agent and such account shall be in the name of that Plan, the TPA(s), or the nominee of either thereof as the record owner of Shares owned by such Plan.
Appears in 1 contract
Samples: Transfer Agency and Service Agreement (Cohen & Steers Utility Fund Inc)
Delegated Duties. 4.1 With Consistent with the services provided by the Transfer Agent and with respect to the beneficial ownership of, and transactions in, of shares in the Fund each Portfolio for which the Transfer Agent maintains the applicable shareholder information, the Transfer Agent shall:
(a) Submit all financial new account and non-financial registration maintenance transactions through the Office of Foreign Assets Control ("“OFAC"”) database and such other lists or databases as may be required from time to time by applicable regulatory authorities; SCHEDULE 1.2(G) AML DELEGATION (continued);
(b) Submit special payee checks through OFAC database;
(c) Review redemption transactions that occur within thirty (30) days of account establishment or maintenance;
(cd) Review wires sent pursuant to banking instructions other than those on file;
(d) Review a Shareholder's account for unusual activity when purchases and redemptions by file with the Shareholder (based on social security number or other tax identification number within the Fund's records) hit the $100,000 threshold that has been set on the "Unusual Activity Warning System"Transfer Agent;
(e) Review accounts to identify those established with small balances followed by known offenders attempting fraud and once identified, freeze such accounts; andlarge purchases;
(f) Review accounts with frequent activity within a specified date range followed by a large redemption;
(g) On a daily basis, review purchase and redemption activity per tax identification number (“TIN”) within the Portfolio to determine if activity for that TIN exceeded the $100,000 threshold on any given day;
(h) Monitor and track cash equivalents under $10,000 for a rolling twelve-month period and file IRS Form 8300 and issue the Shareholder notices required by the IRS;
(i) Determine when a suspicious activity report (“SAR”) should be filed as required by lawregulations applicable to mutual funds; prepare and file the SAR. Provide the Fund with a copy of the SAR within a reasonable time after filing; notify the Fund if any further communication is received from U.S. Department of the Treasury or other law enforcement agencies regarding the SAR;
(j) Compare account information to any FinCEN request received by the Fund and provided to the Transfer Agent pursuant to USA PATRIOT Act Sec. 314(a). Provide the Fund with documents/information necessary to respond to requests under USA PATRIOT Act Sec. 314(a) within required time frames;
(i) Verify the identity of any person seeking to open an account with the Fund, (ii) Maintain records of the information used to verify the person’s identity and (iii) Determine whether the person appears on any lists of known or suspected terrorists or terrorists organizations provided to the Fund by any government agency, in accordance with the USA PATRIOT Act;
(l) Compare all new accounts and registration maintenance through the Known Offenders database and notify the Fund of any match; and
(m) Conduct due diligence for new correspondent accounts for foreign financial institutions (as defined in 31 C.F.R. 103.175). Denote foreign correspondent accounts with a distinct social code at account set-up when account set-up is performed by the Transfer Agent or, if account set-up is performed by a party other than the Transfer Agent, at such other time as required documentary evidence for a foreign correspondent account is presented in good order to the Transfer Agent. Following the opening of an account for a foreign financial institution or setting up a dealer relationship with a foreign financial institution, the Transfer Agent will perform an assessment of the money laundering risk presented by the account based on a consideration of relevant factors in accordance with applicable law and information provided by the foreign financial institution in a financial institution questionnaire. After assessing the money laundering risk and determining a risk-ranking for the account, the Transfer Agent will notify the Fund’s AML Officer of any account with a medium or above risk-ranking to obtain further instruction from the Fund. In the situation where due diligence cannot be completed with respect to an account, the Transfer Agent will contact the Fund’s AML Officer for further instruction. For any accounts opened for foreign financial institutions, a periodic review of the account activity will be performed by the Transfer Agent in order to determine consistency with information obtained about the type, purpose, and anticipated activity of the account as detailed in the financial institution questionnaire. Upon request by the Fund, generate periodic reports of foreign correspondent accounts for review by the Fund for purposes of compliance with USA PATRIOT Act, Section 312. In accordance with instructions from the Fund, conduct due diligence for existing accounts selected by the Fund for further review in accordance with the procedures set forth above.
4.2 In the event that the Transfer Agent detects suspicious activity as a result of the foregoing procedures, which necessitates the filing by the Transfer Agent of a suspicious activity reportSAR, a Form 8300 or other similar report or notice to OFAC, then the Transfer Agent shall also immediately notify the Fund, unless prohibited by applicable law. SCHEDULE 2.1 THIRD PARTY ADMINISTRATOR(S) PROCEDURES DATEDRS INVESTMENT TRUST on behalf of each of the entities listed on Schedule A, separately and not jointly BOSTON FINANCIAL DATA SERVICES, INC. By: MAY 30, 2003/s/ Xxxxx Xxxxx By: /s/ Xxxxx Xxxxxxxx Name: Xxxxx Xxxxx Name: Xxxxx Xxxxxxxx Title: President Title: Division Vice President
1. On each day on which both the New York Stock Exchange and the Fund are open for business (a "“Business Day"”), the TPA(s) shall receive, on behalf of and as agent of the Fund, Instructions (as hereinafter defined) from the Plan. Instructions shall mean as to each Fund Portfolio (i) orders by the Plan for the purchases of Shares, and (ii) requests by the Plan for the redemption of Shares; in each case based on the Plan's ’s receipt of purchase orders and redemption requests by Participants in proper form by the time required by the terms term of the Plan, but not later than the time of day at which the net asset value of a Fund the Portfolio is calculated, as described from time to time in that Fund's Portfolio’s prospectus. Each Business Day on which the TPA receives Instructions shall be a "“Trade Date"”.
2. The TPA(s) shall communicate the TPA(s)'s ’s acceptance of such Instructions, to the applicable Plan.
3. On the next succeeding Business Day following the Trade Date on which it accepted Instructions for the purchase and redemption of Shares, (TD+1), the TPA(s) shall notify the Transfer Agent of the net amount of such purchases or redemptions, as the case may be, for each of the Plans. In the case of net purchases by any Plan, the TPA(s) shall instruct the Trustees of such Plan to transmit the aggregate purchase price for Shares by wire transfer to the Transfer Agent on (TD+1). In the case of net redemptions by any Plan, the TPA(s) shall instruct the Fund's Portfolios’ custodian to transmit the aggregate redemption proceeds for Shares by wire transfer to the Trustees trustees of such Plan on (TD+1). The times at which such notification and transmission shall occur on (TD+1) shall be as mutually agreed upon by each FundPortfolio, the TPA(s), and the Transfer Agent.
4. The TPA(s) shall maintain separate records for each Plan, which record shall reflect Shares purchased and redeemed, including the date and price for all transactions, and Share balances. The TPA(s) shall maintain on behalf of each of the Plans a single master account with the Transfer Agent and such account shall be in the name of that Plan, the TPA(s), or the nominee of either thereof as the record owner of Shares owned by such Plan.
Appears in 1 contract
Samples: Transfer Agency and Service Agreement (Rs Investment Trust)
Delegated Duties. 4.1 With respect to the beneficial ownership of, and transactions in, shares in the Fund for which the Transfer Agent maintains the applicable shareholder information, the Transfer Agent shall:
(a) Submit all financial and non-financial transactions through the Office of Foreign Assets Control ("OFAC") database and such other lists or databases as may be required from time to time by applicable regulatory authorities; SCHEDULE 1.2(G) AML DELEGATION (continued);
(b) Review redemption transactions that occur within thirty (30) days of account or maintenance;
(c) Review wires sent pursuant to banking instructions other than those on file;
(d) Review a Shareholder's account for unusual activity when purchases and redemptions by the Shareholder (based on social security number or other tax identification number within the Fund's records) hit the $100,000 threshold that has been set on the "Unusual Activity Warning System;";
(e) Review accounts to identify those established by known offenders attempting fraud and once identified, freeze fire such accounts; and
(f) Monitor and track cash equivalents under $10,000 for a rolling twelve-month period and file Form 8300 as required by law.
4.2 In the event that the Transfer Agent detects suspicious activity as a result of the foregoing procedures, which necessitates the filing by the Transfer Agent of a suspicious activity report, a Form 8300 or other similar report or notice to OFAC, then the Transfer Agent shall also immediately notify the Fund, unless prohibited by applicable law. ADVISORS' INNER CIRCLE FUND STATE STREET BANK AND TRUST COMPANY BY:_/S/ WILLIAM E. ZITELLI, JR. XX:_/X/ XOSEPH L. HOOLEY ----------------------------------- ------------------------------- SCHEDULE 2.1 THIRD THIRD-PARTY ADMINISTRATOR(S) PROCEDURES DATEDDated: MAY 30January 15, 2003
1. On each day on which both the New York Stock Exchange and the Fund are open for business (a "Business Day"), the TPA(s) shall receive, on behalf of and as agent of the Fund, Instructions (as hereinafter defined) from the Plan. Instructions shall mean as to each Fund Fund: (i) orders by the Plan for the purchases of Shares, ; and (ii) requests by the Plan for the redemption of Shares; in each case based on the Plan's receipt of purchase orders and redemption requests by Participants in proper form by the time required by the terms term of the Plan, but not later than the time of day at which the net asset value of a Fund is calculated, as described from time to time in that Fund's prospectus. Each Business Day on which the TPA receives Instructions shall be a "Trade Date.".
2. The TPA(s) shall communicate the TPA(s)'s acceptance of such Instructions, to the applicable Plan.
3. On the next succeeding Business Day following the Trade Date on which it accepted Instructions for the purchase and redemption of Shares, (TD+1), the TPA(s) shall notify the Transfer Agent of the net amount of such purchases or redemptions, as the case may be, for each of the Plans. In the case of net purchases by any Plan, the TPA(s) shall instruct the Trustees of such Plan to transmit the aggregate purchase price for Shares by wire transfer to the Transfer Agent on (TD+1). In the case of net redemptions by any Plan, the TPA(s) shall instruct the Fund's custodian to transmit the aggregate redemption proceeds for Shares by wire transfer to the Trustees of such Plan on (TD+1TD+I). The times at which such notification and transmission shall occur on (TD+1TD+l) shall be as mutually agreed upon by each Fund, the TPA(s), and the Transfer Agent.
4. The TPA(s) shall maintain separate records for each Plan, which record shall reflect Shares purchased and redeemed, including the date and price for all transactions, and Share balances. The TPA(s) shall maintain on behalf of each of the Plans a single master account with the Transfer Agent and such account shall be in the name of that Plan, the TPA(s), or the nominee of either thereof as the record owner of Shares owned by such Plan.
Appears in 1 contract
Samples: Transfer Agency and Service Agreement (Advisors Inner Circle Fund)
Delegated Duties. 4.1 With Consistent with the services provided by the Transfer Agent and with respect to the beneficial ownership of, and transactions in, of shares in the Fund for which the Transfer Agent maintains the applicable shareholder information, the Transfer Agent shall:
(a) Submit all financial and non-financial transactions through the Office of Foreign Assets Control ("“OFAC"”) database and such other lists or databases as may be required from time to time by applicable regulatory authorities; SCHEDULE 1.2(G) AML DELEGATION (continued);
(b) Review special payee checks through OFAC database;
(c) Review redemption transactions that occur within thirty (30) days of account establishment or maintenance;
(cd) Review wires sent pursuant to banking instructions other than those on file;
(d) Review a Shareholder's account for unusual activity when purchases and redemptions by file with the Shareholder (based on social security number or other tax identification number within the Fund's records) hit the $100,000 threshold that has been set on the "Unusual Activity Warning System"Transfer Agent;
(e) Review accounts to identify those established with small balances followed by known offenders attempting fraud and once identified, freeze such accounts; andlarge purchases;
(f) Review accounts with frequent activity within a specified date range followed by a large redemption;
(g) On a daily basis, review purchase and redemption activity per tax identification number (“TIN”) within the Trust to determine if activity for that TIN exceeded the $100,000 threshold on any given day;
(h) Monitor and track cash equivalents under $10,000 for a rolling twelve-month period and file IRS Form 8300 and issue the Shareholder notices required by the IRS;
(i) Determine when a suspicious activity report (“SAR”) should be filed as required by lawregulations applicable to mutual funds; prepare and file the SAR. Provide the Trust with a copy of the SAR within a reasonable time after filing; notify Fund if any further communication is received from U.S. Department of the Treasury or other law enforcement agencies regarding the SAR;
(j) Compare account information to any FinCEN request received by the Trust and provided to the Transfer Agent pursuant to USA PATRIOT Act Sec. 314(a). Provide the Trust with documents/information necessary to respond to requests under USA PATRIOT Act Sec. 314(a) within required time frames; and
(k) In accordance with procedures agreed upon by the parties (which may be amended from time to time by mutual agreement of the parties) (i) verify the identity of any person seeking to open an account with the Trust, (ii) maintain records of the information used to verify the person’s identity and (iii) determine whether the person appears on any lists of known or suspected terrorists or terrorists organizations provided to the Trust by any government agency.
4.2 In the event that the Transfer Agent detects suspicious activity as a result of the foregoing procedures, which necessitates the filing by the Transfer Agent of a suspicious activity reportSAR, a Form 8300 or other similar report or notice to OFAC, then the Transfer Agent shall also immediately notify the FundTrust, unless prohibited by applicable law. SCHEDULE 2.1 THIRD PARTY ADMINISTRATOR(S) PROCEDURES DATED: MAY 30, 2003
1. On each day on which both the New York Stock Exchange and the Fund are open for business (a "Business Day"), the TPA(s) shall receive, on behalf of and as agent of the Fund, Instructions (as hereinafter defined) from the Plan. Instructions shall mean as to each Fund (i) orders by the Plan for the purchases of Shares, and (ii) requests by the Plan for the redemption of Shares; in each case based on the Plan's receipt of purchase orders and redemption requests by Participants in proper form by the time required by the terms of the Plan, but not later than the time of day at which the net asset value of a Fund is calculated, as described from time to time in that Fund's prospectus. Each Business Day on which the TPA receives Instructions shall be a "Trade Date".
2. The TPA(s) shall communicate the TPA(s)'s acceptance of such Instructions, to the applicable Plan.
3. On the next succeeding Business Day following the Trade Date on which it accepted Instructions for the purchase and redemption of Shares, (TD+1), the TPA(s) shall notify the Transfer Agent of the net amount of such purchases or redemptions, as the case may be, for each of the Plans. In the case of net purchases by any Plan, the TPA(s) shall instruct the Trustees of such Plan to transmit the aggregate purchase price for Shares by wire transfer to the Transfer Agent on (TD+1). In the case of net redemptions by any Plan, the TPA(s) shall instruct the Fund's custodian to transmit the aggregate redemption proceeds for Shares by wire transfer to the Trustees of such Plan on (TD+1). The times at which such notification and transmission shall occur on (TD+1) shall be as mutually agreed upon by each Fund, the TPA(s), and the Transfer Agent.
4. The TPA(s) shall maintain separate records for each Plan, which record shall reflect Shares purchased and redeemed, including the date and price for all transactions, and Share balances. The TPA(s) shall maintain on behalf of each of the Plans a single master account with the Transfer Agent and such account shall be in the name of that Plan, the TPA(s), or the nominee of either thereof as the record owner of Shares owned by such Plan.
Appears in 1 contract
Delegated Duties. 4.1 With respect to the beneficial ownership of, and transactions in, shares in the Fund for which the Transfer Agent maintains the applicable shareholder information, the Transfer Agent shall:
(a) Submit all financial and non-financial transactions through the Office of Foreign Assets Control ("OFAC") database and such other lists or databases as may be required from time to time by applicable regulatory authorities; SCHEDULE 1.2(G) AML DELEGATION (continued);
(b) Review redemption transactions that occur within thirty (30) days of account or maintenance;
(c) Review wires sent pursuant to banking instructions other than those on file;
(d) Review a Shareholder's account for unusual activity when purchases and redemptions by the Shareholder (based on social security number or other tax identification number within the Fund's records) hit the $100,000 threshold that has been set on the "Unusual Activity Warning System";
(e) Review accounts to identify those established by known offenders attempting fraud and once identified, freeze such accounts; and
(f) Monitor and track cash equivalents under $10,000 for a rolling twelve-month period and file Form 8300 as required by law.
4.2 In the event that the Transfer Agent detects suspicious activity as a result of the foregoing procedures, which necessitates the filing by the Transfer Agent of a suspicious activity report, a Form 8300 or other similar report or notice to OFAC, then the Transfer Agent shall also immediately notify the Fund, unless prohibited by applicable law. XXX XXXXX RESEARCH FUNDS STATE STREET BANK AND TRUST COMPANY By:_______________________ By:________________________________ Executive Vice President Xxxxxx X. Xxxxxx, SCHEDULE 2.1 THIRD PARTY ADMINISTRATOR(S) PROCEDURES DATEDDated: MAY 30April 1, 2003
1. On each day on which both the New York Stock Exchange and the Fund are open for business (a "Business Day"), the TPA(s) shall receive, on behalf of and as agent of the Fund, Instructions (as hereinafter defined) from the Plan. Instructions shall mean as to each Fund (i) orders by the Plan for the purchases of Shares, and (ii) requests by the Plan for the redemption of Shares; in each case based on the Plan's receipt of purchase orders and redemption requests by Participants in proper form by the time required by the terms term of the Plan, but not later than the time of day at which the net asset value of a Fund is calculated, as described from time to time in that Fund's prospectus. Each Business Day on which the TPA receives Instructions shall be a "Trade Date".
2. The TPA(s) shall communicate the TPA(s)'s acceptance of such Instructions, to the applicable Plan.
3. On the next succeeding Business Day following the Trade Date on which it accepted Instructions for the purchase and redemption of Shares, (TD+1), the TPA(s) shall notify the Transfer Agent of the net amount of such purchases or redemptions, as the case may be, for each of the Plans. In the case of net purchases by any Plan, the TPA(s) shall instruct the Trustees of such Plan to transmit the aggregate purchase price for Shares by wire transfer to the Transfer Agent on (TD+1). In the case of net redemptions by any Plan, the TPA(s) shall instruct the Fund's custodian to transmit the aggregate redemption proceeds for Shares by wire transfer to the Trustees of such Plan on (TD+1). The times at which such notification and transmission shall occur on (TD+1) shall be as mutually agreed upon by each Fund, the TPA(s), and the Transfer Agent.
4. The TPA(s) shall maintain separate records for each Plan, which record shall reflect Shares purchased and redeemed, including the date and price for all transactions, and Share balances. The TPA(s) shall maintain on behalf of each of the Plans a single master account with the Transfer Agent and such account shall be in the name of that Plan, the TPA(s), or the nominee of either thereof as the record owner of Shares owned by such Plan.
Appears in 1 contract
Samples: Transfer Agency and Service Agreement (Ned Davis Research Funds)
Delegated Duties. 4.1 With Consistent with the services provided by the Transfer Agent and with respect to the beneficial ownership of, and transactions in, of shares in the Fund for which the Transfer Agent maintains the applicable shareholder information, the Transfer Agent shall:
(a) Submit all financial new account and non-financial registration maintenance transactions through the Office of Foreign Assets Control ("“OFAC"”) database and such other lists or databases as may be required from time to time by applicable regulatory authorities; SCHEDULE 1.2(G) AML DELEGATION (continued);
(b) Submit special payee checks through OFAC database;
(c) Review redemption transactions that occur within thirty (30) days of account establishment or maintenance;
(cd) Review wires sent pursuant to banking instructions other than those on file;
(d) Review a Shareholder's account for unusual activity when purchases and redemptions by file with the Shareholder (based on social security number or other tax identification number within the Fund's records) hit the $100,000 threshold that has been set on the "Unusual Activity Warning System"Transfer Agent;
(e) Review accounts to identify those established with small balances followed by known offenders attempting fraud and once identified, freeze such accounts; andlarge purchases;
(f) Review accounts with frequent activity within a specified date range followed by a large redemption;
(g) On a daily basis, review purchase and redemption activity per tax identification number (“TIN”) within the Trust to determine if activity for that TIN exceeded the $100,000 threshold on any given day;
(h) Monitor and track cash equivalents under $10,000 for a rolling twelve-month period and file IRS Form 8300 and issue the Shareholder notices required by the IRS;
(i) Determine when a suspicious activity report (“SAR”) should be filed as required by lawregulations applicable to mutual funds; prepare and file the SAR. Provide the Fund with a copy of the SAR within a reasonable time after filing; notify the Fund if any further communication is received from U.S. Department of the Treasury or other law enforcement agencies regarding the SAR;
(j) Compare account information to any FinCEN request received by the Fund and provided to the Transfer Agent pursuant to USA PATRIOT Act Sec. 314(a). Provide the Fund with documents/information necessary to respond to requests under USA PATRIOT Act Sec. 314(a) within required time frames; and
(i) Verify the identity of any person seeking to open an account with the Fund, (ii) Maintain records of the information used to verify the person’s identity and (iii) Determine whether the person appears on any lists of known or suspected terrorists or terrorists organizations provided to the Fund by any government agency.
4.2 In the event that the Transfer Agent detects suspicious activity as a result of the foregoing procedures, which necessitates the filing by the Transfer Agent of a suspicious activity reportSAR, a Form 8300 or other similar report or notice to OFAC, then the Transfer Agent shall also immediately notify the Fund, unless prohibited by applicable law. EACH OF THE ENTITIES, INDIVIDUALLY AND NOT JOINTLY, AS LISTED ON SCHEDULE A BOSTON FINANCIAL DATA SERVICES, INC. By: By: Name: Name: Title: Title: As an Authorized Officer on behalf of each of the Funds indicated on Schedule A SCHEDULE 2.1 THIRD PARTY ADMINISTRATOR(S) PROCEDURES DATEDDated: MAY 30, 20032006
1. On each day on which both the New York Stock Exchange and the Fund are open for business (a "“Business Day"”), the TPA(s) shall receive, on behalf of and as agent of the Fund, Instructions (as hereinafter defined) from the Plan. Instructions shall mean as to each Fund (i) orders by the Plan for the purchases of Shares, and (ii) requests by the Plan for the redemption of Shares; in each case based on the Plan's ’s receipt of purchase orders and redemption requests by Participants in proper form by the time required by the terms term of the Plan, but not later than the time of day at which the net asset value of a Fund is calculated, as described from time to time in that Fund's ’s prospectus. Each Business Day on which the TPA receives Instructions shall be a "“Trade Date"”.
2. The TPA(s) shall communicate the TPA(s)'s ’s acceptance of such Instructions, to the applicable Plan.
3. On the next succeeding Business Day following the Trade Date on which it accepted Instructions for the purchase and redemption of Shares, (TD+1), the TPA(s) shall notify the Transfer Agent of the net amount of such purchases or redemptions, as the case may be, for each of the Plans. In the case of net purchases by any Plan, the TPA(s) shall instruct the Trustees trustees of such Plan to transmit the aggregate purchase price for Shares by wire transfer to the Transfer Agent on (TD+1). In the case of net redemptions by any Plan, the TPA(s) shall instruct the Fund's ’s custodian to transmit the aggregate redemption proceeds for Shares by wire transfer to the Trustees trustees of such Plan on (TD+1). The times at which such notification and transmission shall occur on (TD+1) shall be as mutually agreed upon by each Fund, the TPA(s), and the Transfer Agent.
4. The TPA(s) shall maintain separate records for each Plan, which record shall reflect Shares purchased and redeemed, including the date and price for all transactions, and Share balances. The TPA(s) shall maintain on behalf of each of the Plans a single master account with the Transfer Agent and such account shall be in the name of that Plan, the TPA(s), or the nominee of either thereof as the record owner of Shares owned by such Plan.
Appears in 1 contract
Samples: Transfer Agency and Service Agreement (Scottish Widows Investment Partnership Trust)
Delegated Duties. 4.1 With Consistent with the services provided by the Transfer Agent and with respect to the beneficial ownership of, and transactions in, shares of Shares in the Fund for which the Transfer Agent maintains the applicable shareholder Shareholder information, the Transfer Agent shall:
(a) Submit all financial new account and non-financial registration maintenance transactions through the Office of Foreign Assets Control ("“OFAC"”) database and such other lists or databases as may be required from time to time by applicable regulatory authorities; SCHEDULE 1.2(G) AML DELEGATION (continued);
(b) Submit special payee checks through OFAC database;
(c) Review redemption transactions that occur within thirty (30) days of account establishment or maintenance;
(cd) Review wires sent pursuant to banking instructions other than those on file;
(d) Review a Shareholder's account for unusual activity when purchases and redemptions by file with the Shareholder (based on social security number or other tax identification number within the Fund's records) hit the $100,000 threshold that has been set on the "Unusual Activity Warning System"Transfer Agent;
(e) Review accounts to identify those established with small balances followed by known offenders attempting fraud and once identified, freeze such accounts; andlarge purchases;
(f) Review accounts with frequent activity within a specified date range followed by a large redemption;
(g) On a daily basis, review purchase and redemption activity per tax identification number (“TN”) within the Fund to determine if activity for that (“TIN”) exceeded the $100,000 threshold on any given day;
(h) Monitor and track cash equivalents under $$ 10,000 for a rolling twelve-month period and file IRS Form 8300 and issue the Shareholder notices required by the IRS;
(i) Determine when a suspicious activity report (“SAR”) should be filed as required by lawregulations applicable to mutual funds; prepare and file the SAR. Provide the Fund with a copy of the SAR within a reasonable time after filing; notify the Fund if any further communication is received from U.S. Department of the Treasury or other law enforcement agencies regarding the SAR;
(j) Compare account information to any FinCEN request received by the Fund and provided to the Transfer Agent pursuant to USA PATRIOT Act Sec. 314(a). Provide the Fund with documents/information necessary to respond to requests under USA PATRIOT Act Sec. 314(a) within required time frames;
(k) In accordance with procedures agreed upon by the parties (which may he amended from time to time by mutual agreement of the parties) (i) verify the identity of any person seeking to open an account with the Fund, (ii) maintain records of the information used to verify the person’s identity and (iii) determine whether the person appears on any lists of known or suspected terrorists or terrorists organizations provided to the Fund by any government agenc; and
(1) Conduct due diligence for new correspondent accounts for foreign financial institutions (as defined in 31 C.F.R. 103.175). Denote foreign correspondent accounts with a distinct social code at account set-up when account set-up is performed by the Transfer Agent or, if account set-up is performed by a party other than the Transfer Agent, at such other time as required documentary evidence for a foreign correspondent account is presented in good order to the Transfer Agent. Following the opening of an account for a foreign financial institution or setting up a dealer relationship with a foreign financial institution, the Transfer Agent will perform an assessment of the money laundering risk presented by the account based on a consideration of relevant factors in accordance with applicable law and information provided by the foreign financial institution in a financial institution questionnaire. After assessing the money laundering risk and determining a risk-ranking for the account, the Transfer Agent will notify the Fund’s AML Officer of any account with a medium or above risk-ranking to obtain further instruction from the Fund. In the situation where due diligence cannot be completed with respect to an account, the Transfer Agent will contact the Fund’s AML Officer for further instruction. For any accounts opened for foreign financial institutions, a periodic review of the account activity will be performed by the Transfer Agent in order to determine consistency with information obtained about the type, purpose, and anticipated activity of the account as detailed in the financial institution questionnaire. Upon request by the Fund, generate periodic reports of foreign correspondent accounts for review by the Fund for purpose of compliance with USA PATRIOT Act, Section 312. In accordance with instructions from the Fund, conduct due diligence for existing accounts selected by the Fund for further review in accordance with the procedures set forth above.
4.2 In the event that the Transfer Agent detects suspicious activity as a result of the foregoing procedures, which necessitates the filing by the Transfer Agent of a suspicious activity reportSAR, a Form 8300 or other similar report or notice to OFAC, then the Transfer Agent shall also immediately notify the Fund, unless prohibited by applicable law. EACH OF THE ENTITIES, INDIVIDUALLY AND NOT JOINTLY, AS LISTED ON SCHEDULE 2.1 THIRD PARTY ADMINISTRATOR(S) PROCEDURES DATEDA BOSTON FINANCIAL DATA SERVICES, INC. By: MAY 30, 2003/s/ Xxxxxxx X Xxxxx By: /s/ Xxxxx Xxxxxxxxx Name: Xxxxxxx X Xxxxx Name: Xxxxx Xxxxxxxxx Title: CCO Title: V.P As an Authorized Officer on behalf of each of the Funds indicated on Schedule A
1. On each day on which both the New York Stock Exchange and the Fund are open for business (a "“Business Day"”), the TPA(s) shall receive, on behalf of and as agent of the Fund, . Instructions (as hereinafter defined) from the Plan. Instructions shall mean as to each Fund (iI) orders by the Plan for the purchases of Shares, and (ii) requests by the Plan for the redemption of Shares; in each case based on the Plan's ’s receipt of purchase orders and redemption requests by Participants in proper form by the time required by the terms term of the Plan, but not later than the time of day at which the net asset value of a Fund is calculated, as described from time to time in that Fund's ’s prospectus. Each Business Day on which the TPA receives Instructions shall be a "“Trade Date"”.
2. The TPA(s) shall communicate the TPA(s)'s ’s acceptance of such Instructions, to the applicable Plan.
3. On the next succeeding Business Day following the Trade Date on which it accepted Instructions for the purchase and redemption of Shares, (TD+1TD+l), the TPA(s) shall notify the Transfer Agent of the net amount of such purchases or redemptions, as the case may be, for each of the Plans. In the case of net purchases by any Plan, the TPA(s) shall instruct the Trustees of such Plan to transmit the aggregate purchase price for Shares by wire transfer to the Transfer Agent on (TD+1TD÷t). In the case of net redemptions by any Plan, the TPA(s) shall instruct the Fund's ’s custodian to transmit the aggregate redemption proceeds for Shares by wire transfer to the Trustees of such Plan on (TD+1). The times at which such notification and transmission shall occur on (TD+1TD+l) shall be as mutually agreed upon by each Fund, the TPA(s), and the Transfer Agent.
4. The TPA(s) shall maintain separate records for each Plan, which record shall reflect Shares purchased and redeemed, including the date and price for all transactions, and Share balances. The TPA(s) shall maintain on behalf of each of the Plans a single master account with the Transfer Agent and such account shall be he in the name of that Plan, the TPA(s), or the nominee of either thereof as the record owner of Shares owned by such Plan.
Appears in 1 contract
Samples: Transfer Agency and Service Agreement (William Blair Funds)