Common use of Settlement & Control Clause in Contracts

Settlement & Control. 1. Daily review of processed shareholder transactions to assure input was processed correctly. Accurate trade activity figures passed to Fund's Accounting Agent by 10:00am EST. 2. Preparation of daily cash movement information to be passed to the Fund's Accounting Agent and Custodian Bank by 10:00am EST for use in determining Fund's daily cash availability. 3. Prepare a daily share reconcilement which balances the shares on the Transfer Agent system to those on the books of the Fund. 4. Resolve any outstanding share or cash issues that are not cleared. 5. Process shareholder adjustments to include the proper notification of any booking entries needed, as well as any necessary cash movement. 6. Settlement and review of Fund's declared dividends and capital gains to include the following: a. Review record date report for accuracy of shares.

Settlement & Control. 1. Daily review of processed shareholder transactions to assure input was processed correctly. Accurate trade activity figures passed to FundTrust's Accounting Agent accounting agent by 10:00am EST. 2. Preparation of daily cash movement information sheets to be passed to the FundTrust's Accounting Agent and Custodian Bank by 10:00am EST for use in determining Fundthe Trust's daily cash availability. 3. Prepare a daily share reconcilement which balances the shares on the Transfer Agent system to those on the books of the FundTrust. 4. Resolve any outstanding share or cash issues that are not clearedcleared by trade date + 2. 5. Process shareholder adjustments to include including the proper notification of any booking entries needed, as well as any necessary cash movement. 6. Settlement and review of Fundthe Trust's declared dividends and capital gains to include the following: a. Review record date report for accuracy of shares.