Investment Processing. You must complete all investment transactions, including all communications and instructions, through your HSA website account. You may use your HSA website account to place orders for the purchase and sale of mutual funds or other investments we make available. You hereby authorize and direct us to accept such investment instructions from your HSA website account, to pay for mutual fund share purchases from your HSA, and to transfer proceeds from the sale of mutual fund shares to your Cash Account.
(1) Business Day from receipt of complete and accurate Instructions. Your investment instructions received will be delayed one (1) Business Day if there are pending auto-investment transfers or one-time transfers. It is your responsibility to determine market holidays and when there is an early market closing, which would cause your investment instructions to be processed on the following Business Day. You agree that we rely only on instructions received through your HSA website account, and we have no duty to investigate any instructions. Our obligation to execute your instruction is contingent upon the determination that the instruction can be administered and the instructions have followed our procedures. Your investment instructions may be delayed at our discretion due to pending investment activity. Neither we, your HSA Administrator, nor the Financial Advisor to your HSA Administrator will provide you investment advice, or select or recommend mutual funds or other investments options for you. Neither we, your HSA Administrator, nor the Financial Advisor to your HSA Administrator will question whether an investment you select is appropriate or suitable for you. You agree that we will not be liable for any investment losses. A Financial Advisor may assume responsibility for rendering investment advice with respect to your HSA, and may offer an opinion or judgment to you on matters concerning the value or suitability of any investment or proposed investment for your HSA, only if you and the Financial Advisor enter into a separate agreement to provide investment advice to you. Investment transactions for your HSA will not be processed until we receive the funds to be invested and the instruction in proper form, and have established that all mutual funds selected for the Default Portfolio are eligible for trading through our broker-dealer trading partner. We are not responsible if a Financial Advisor or your HSA Administrator makes an incomplete or incorrect l...
Investment Processing. 1. Initial and subsequent investments by checks, Fed wire, or Automated Clearing House ("ACH").
2. Pre-authorized investment (PAD) through ACH system.
3. Prepare and process daily bank deposit of shareholder investments.
4. NSCC - FundSERV and networking trades.
Investment Processing. In certain sections, the policy places further limits upon the use of eligible investments or investment transactions. This process is specified in Exhibit C. Board Policy 111 The CFO is responsible for verifying investments and investment transactions. The Board Finance Committee(designee) and CFO are responsible all relevant documentation.
Investment Processing. 1. Establish and maintain Rights of Accumulation and Letter of Intent files
2. Initial investment
3. Subsequent investments processed through lock box
4. Pre-authorized investments (PAD) through ACH system
5. Government allotments through ACH system
6. Wire order and NSCC - Fund/SERV trades
7. Prepare and process daily bank deposit of shareholder investments
Investment Processing. 1. Initial investment
2. Subsequent investments processed through lock box
3. Pre-authorized investments (PAD) through ACH system
4. Government allotments through ACH system 5. Wire order and NSCC - Fund/SERV trades
6. Prepare and process daily bank deposit of shareholder investments
Investment Processing. A. Establish and maintain Rights of Accumulation and Letter of Intent files.
B. Initial investment (checks or Fed wires).
C. Subsequent investments processed through lock box.
D. Pre-authorized investments (PAD) through ACH system.
E. Government allotments through ACH system.
F. Wire order and NSCC - Fund/SERV trades.
G. Prepare and process daily bank deposit of shareholder investments.
Investment Processing. A. Establish and maintain Rights of Accumulation and Letter of Intent files.
B. Initial investment (checks or Fed wires). C. Subsequent investments processed through lock box.
Investment Processing. The parties understand that errors happen in processing a retirement plan’s transactions. It is AdvisorTrust’s policy that utmostcare be taken in the handling and execution of trade orders and other transactions. However, errors may occur, including: • orders in amounts in excess of, or less than, the amount AdvisorTrust was Instructed to trade; • orders to sell or redeem an Investment when it should have been purchased; • orders to purchase an Investment when it should have been sold or redeemed; • orders for the wrong Investment; or • orders contrary to investment restrictions, limitations, or investment policies. In correcting errors, the following principles apply: • For a single error caused by a Person other than AdvisorTrust, AdvisorTrust may seek reimbursement or monetary compensation from the service provider or other Person that caused the error, in an effort to minimize any loss. In determining the appropriate action to be taken, AdvisorTrust may take into account the limitations placed upon its staff and other resources in connection with providing services to the affected plans on an ongoing basis, as well as other operating responsibilities. The determination of the action, if any, to be taken in connection with any such error may be made on a case-by-case basis. • For any single error caused by AdvisorTrust that results in a loss, AdvisorTrust will generally attempt to correct such error and to place the Plan in the same position as it would have been in but for the error. AdvisorTrust will bear the costs, expenses, or losses associated with such an error. • For any single error caused by AdvisorTrust that results in a gain, AdvisorTrust will generally retain such gains as a component of AdvisorTrust’s compensation for transaction processing services, including AdvisorTrust’s agreement to make the Plan whole for any losses associated with AdvisorTrust’s errors. • For multiple errors caused by AdvisorTrust that result in a mix of losses and gains to the Plan, AdvisorTrust will generally attempt to correct such errors and to put the Plan in the same position as it would have been in but for the errors. In correcting such errors, AdvisorTrust may net any gains against the costs, expenses, and other losses of correcting the errors and losses to the Plan. To the extent that any such costs, expenses, and losses exceed any such gains, AdvisorTrust bears the excess costs, expenses, and losses associated with the error correction. However, AdvisorTru...
Investment Processing. The parties understand that errors happen in processing a retirement plan’s transactions. It is PCS’s policy that utmost care be taken in the handling and execution of trade orders and other transactions. However, errors may occur, including: • orders in amounts in excess of, or less than, the amount PCS was Instructed to trade; • orders to sell or redeem an Investment when it should have been purchased; • orders to purchase an Investment when it should have been sold or redeemed; • orders for the wrong Investment; or • orders contrary to investment restrictions, limitations, or investment policies. In correcting errors, the following principles apply: • For a single error caused by a Person other than PCS, PCS may seek reimbursement or monetary compensation from the service provider or other Person that caused the error, in an effort to minimize any loss. In determining the appropriate action to be taken, PCS may take into account the limitations placed upon its staff and other resources in connection with providing services to the affected plans on an ongoing basis, as well as other operating responsibilities. The determination of the action, if any, to be taken in connection with any such error may be made on a case-by-case basis. • For any single error caused by PCS that results in a loss, PCS will generally attempt to correct such error and to place the Plan in the same position as it would have been in but for the error. PCS will bear the costs, expenses, or losses associated with such an error. • For any single error caused by PCS that results in a gain, PCS will generally retain such gains as a component of PCS’s compensation for transaction processing services, including PCS’s agreement to make the Plan whole for any losses associated with PCS’s errors. • For multiple errors caused by PCS that result in a mix of losses and gains to the Plan, PCS will generally attempt to correct such errors and to put the Plan in the same position as it would have been in but for the errors. In correcting such errors, PCS may net any gains against the costs, expenses, and other losses of correcting the errors and losses to the Plan. To the extent that any such costs, expenses, and losses exceed any such gains, PCS bears the excess costs, expenses, and losses associated with the error correction. However, PCS will not net gains against the costs and expenses of correcting the errors and losses across multiple plans. These principles provide general guidance. Exce...
