Gain/Loss Reporting and Tracking. With respect to all gains or losses resulting from “as-of” transactions, USBFS shall identify and match the gains or losses with the party that is deemed to be responsible for such gains or losses (the “Responsible Party”). Such tracking of the Responsible Party shall be done on a daily basis at the Series and share class level, as well as cumulatively for each Funds’ fiscal period. USBFS may be required to prepare detailed explanations of “as-of” activity, primarily for internal process improvement purposes. Additionally, a daily/weekly/monthly gain/loss report shall be made available to designated individuals at GEAM upon request. To facilitate the tracking and reporting process, USBFS shall assign a code to match all gains and losses to the Responsible Party, as follows: Reason Codes: 001 = Fund Services 024 = Broker/Dealer 040 = Fund/Shareholder 043 = Wash 045 = Estimate 080 = Broker Trade (Vision HO) 081 = Broker Trade
Appears in 5 contracts
Samples: Transfer Agency And (Ge Investments Funds Inc), Transfer Agency And (Elfun Tax Exempt Income Fund), Transfer Agency And (Elfun Trusts)
