Fund Administration and Accounting Services Clause Samples
Fund Administration and Accounting Services. BNYM shall provide the following fund administration services to each Fund:
(a) Journalize investment, capital and income and expense activities;
(b) Verify investment buy/sell trade tickets when received from the Investment Advisor and confirmation statements received from Portfolio Funds; Reconcile confirmations received from Portfolio Funds with trade tickets received from Investment Advisor;
(c) Maintain individual ledgers for investment securities;
(d) Maintain historical tax lots for each security;
(e) Based on the information available to BNYM, maintain Shareholder tax basis (commonly referred to as “Cost Basis”) for all “covered shares” issued by the Funds (as described in applicable US Treasury regulations) and prepare required annual Cost Basis reporting to the Funds’ Shareholders;
(f) Reconcile cash with the Fund’s custodian(s);
(g) Calculate contractual expenses, including but not limited to management, administration, servicing and distribution fees, as applicable, in accordance with the Fund’s Prospectus and Organizational Documents;
(h) Assist with the annual audit process, including liaising with the Funds’ auditors as needed from time to time; provide account analyses, fiscal year summaries, and other audit-related information with respect to the Funds and otherwise take all reasonable action in the performance of its duties under this Agreement consistent with the scope of such duties to assure that the necessary information is made available to such accountants for the expression of their opinion, as required by the Funds;
(i) Monitor the expense accruals and notify an officer of the Fund of any proposed adjustments;
(j) Calculate capital gains and losses;
(k) Determine net income;
(l) Determine applicable foreign exchange gains and losses on payables and receivables;
(m) In respect of any Fund investments in private investment funds (“Portfolio Funds”), obtain monthly prices from each Portfolio Fund’s administrator or portfolio manager and, if unable to obtain such valuations, notify the Fund or its designee(s). To the extent the Fund invests in securities or assets other than Portfolio Funds, obtain daily security market quotes and currency exchange rates from independent pricing sources approved by the Investment Advisor, or if such quotes or rates are unavailable, then obtain the same from the Investment Advisor, and in either case calculate the market value of the Fund’s investments in accordance with the Fund’s valuation policies o...
Fund Administration and Accounting Services. 4.1 Provider Responsibilities.
Fund Administration and Accounting Services. (a) Each BTC Recipient is engaging State Street to provide the Fund Administration and Accounting Services specified in Schedules 3-B and 3-C to this Fund Administration and Accounting Services Module with respect to such BTC Recipient subject to the terms and conditions of this Fund Administration and Accounting Services Module. State Street agrees to act as such upon the terms and conditions hereinafter set forth.
(b) State Street agrees to provide the Fund Administration and Accounting Services, as described in Schedules 3-B and 3-C to this Fund Administration and Accounting Services Module, as such Schedule may be amended from time to time by the consent of the Parties, in connection with the operations of such BTC Recipient and its BTC Funds.
(c) In performing the Fund Administration and Accounting Services hereunder, State Street shall at all times act in conformity with and informed by: (i) the BTC Recipients’ Formation Document and By-Laws, as the same may be amended from time to time; (ii) the investment objectives, policies, restrictions and other practices set forth in the BTC Recipients’ Registration Statements, as the same may be amended from time to time; and (iii) all applicable requirements of the State Street Laws and State Street known laws. Fund Administration and Accounting Service Module 2 BTC | State Street CONFIDENTIAL
Fund Administration and Accounting Services. (i) Each BFA Recipient is engaging Provider to provide the Fund Administration and Accounting Services specified in Schedule 1-A (Service Levels) with respect to such BFA Recipient subject to the terms and conditions of this Agreement. Provider agrees to act as such upon the terms and conditions hereinafter set forth.
(ii) Provider agrees to provide the Fund Administration and Accounting Services, as described in Schedule 1-A (Service Levels), as such Schedule may be amended from time to time by the consent of the Parties, in connection with the operations of such BFA Recipient, which shall generally include the following:
Fund Administration and Accounting Services. (i) Each BFA Recipient is engaging Provider to provide the Fund Administration and Accounting Services specified in Schedule 1-A (Service Levels) with respect to such BFA Recipient subject to the terms and conditions of this Agreement. Provider agrees to act as such upon the terms and conditions hereinafter set forth.
(ii) Provider agrees to provide the Fund Administration and Accounting Services, as described in Schedule 1-A (Service Levels), as such Schedule may be amended from time to time by the consent of the Parties, in connection with the operations of such BFA Recipient.
(iii) In performing the Fund Administration and Accounting Services hereunder, Provider shall at all times act in conformity with and informed by: (i) the BFA Recipients’ Declaration of Trust or Articles of Incorporation (or other formation document) and by-laws (or similar document), as the same may be amended from time to time; (ii) the investment objectives, policies, restrictions and other practices set forth in the BFA Recipients’ registration statements (or other offering documents), as the same may be amended from time to time; and (iii) all applicable requirements of the Provider Laws.