Fund/SERV-DCCS Processing Procedures Clause Samples
The Fund/SERV-DCCS Processing Procedures clause outlines the standardized methods and protocols for processing mutual fund transactions through the Fund/SERV and Defined Contribution Clearance and Settlement (DCCS) systems. It typically details the steps for submitting, confirming, and settling trades, as well as the responsibilities of each party involved in the transaction process. By establishing clear operational guidelines, this clause ensures efficient, accurate, and timely processing of fund transactions, reducing errors and facilitating smooth settlement between financial institutions.
Fund/SERV-DCCS Processing Procedures. On each business day that the New York Stock Exchange (the “Exchange”) is open for business on which the Funds determine their net asset values (“Business Day”), the Distributor shall accept, and effect changes in its records upon receipt of purchase, redemption, exchanges, account transfers and registration instructions from the Dealer electronically through Fund/SERV (“Instructions”) without supporting documentation from the Client-shareholder. On each Business Day, the Distributor shall accept for processing any Instructions from the Dealer and shall process such Instructions in a timely manner.
Fund/SERV-DCCS Processing Procedures. On each Business Day, the Company shall accept, and effect changes in its records upon receipt of, purchase, redemption, exchanges, account transfers, and registration instructions from Nationwide electronically through Fund/SERV (“Instructions”) without supporting documentation from the Contract Owner. On each Business Day, the Company shall accept for processing any Instructions from Nationwide and shall process such Instructions in a timely manner.
Fund/SERV-DCCS Processing Procedures. On each Business Day, NBMI shall accept, and effect changes in its records upon receipt of, purchase, redemption, exchanges, account transfers and registration Orders from Nationwide electronically through Fund/SERV without supporting documentation from the Plan participant. On each Business Day, NBMI shall accept for processing any Orders from Nationwide and shall process such Orders in a timely manner.
Fund/SERV-DCCS Processing Procedures. On each business day that the New York Stock Exchange (the “Exchange”) is open for business on which the Funds determine their net asset values (“Business Day”), MFD shall accept, and effect changes in its records upon receipt of purchase, redemption, exchanges, account transfers and registration instructions from Company electronically through Fund/SERV (“Instructions”) without supporting documentation from the contract owner. On each Business Day, MFD shall accept for processing any Instructions from Company and shall process such Instructions in a timely manner.
Fund/SERV-DCCS Processing Procedures. On each Business Day, NFM shall accept, and effect changes in its records upon receipt of, purchase, redemption, exchanges, account transfers and registration instructions from Nationwide electronically through Fund/SERV (“Instructions”) without supporting documentation from the Plan/Participant. On each Business Day, NFM shall accept for processing any Instructions from Nationwide and shall process such Instructions in a timely manner.