Interest Compensation. In the event of a check disbursement or wire payment error in which the shareholder has lost interest due to a misrouting of the proceeds, PFPC will not pay interest compensation to the shareholder until reimbursement of such interest earnings from the bank that benefited in error from the misrouted payment. In cases where PFPC is at fault, payment of interest compensation to the shareholder will not be delayed.
Appears in 6 contracts
Samples: Transfer Agency Services Agreement, Transfer Agency Services Agreement (Ge Lifestyle Funds), Transfer Agency Services Agreement (Elfun Global Fund)
