Overview
Why we have Custodian
Custodian holds customers’ securities for safekeeping.
What is Fund Accounting
Fund Accounting is the maintenance of financial records of an investment fund such as trades, income earned, and expenses incurred by the fund.
How many teams in RK
8
Name a type of Asset Owner
Pension Plan
Endowments and Charitable Organizations
Employee Benefit Plans and Retirement Compensation Arrangements
OSFI Regulated Insurance Trusts
Other corporate entities
What is CDS
Canadian Depository for Securities
Who we serve
Asset Managers, Asset Owners, Insurance Companies, Global Financial Institutions
What is a NAV
NAV (Net Asset Value) = Assets-Liabilities/Shares
What is Fundserv
An external self-service
transaction, settlement and clearing
system used across the industry.
Fundserv allows us to works with clients
on this platform in a highly automated and
standard way
The 2 types of defined pension plans.
Benefit and Contribution
Who are the players in the Trade Settlement Process Flow
CIBC Mellon, Institutional Investor / Investment Manager, Broker, Central Securities Depository / Sub
What We Do (Name 3 services)
Custody/ Fund Accounting and Administration/ Investor and Plan Member Services/ ETF Services/ Alternative Fund Services/ Data and Platform Solutions/ Investment Analytics/ Markets/ Middle and Front Office
What is Capstock
❖Issued to raise capital
❖Subscriptions & redemptions of an investment fund
❖Investors own units of fund
❖Units outstanding of an investment fund
Who is the speaker of RK
Denise Joseph
Sources of Retirement Income
Government Benefits, Employer Pensions, Personal Savings
Types of Corporate Actions and Income Events
Dividend and Interest Income
•Mergers
•Name changes
•Dutch Auctions
•Conversions
•Warrant Exercises
Assets under Administration
$C3T
What drives the distribution calculation basis.
Tax status of funds
Tax losses (i.e., capital loss carryforward and non-capital loss carryforward)
Tax treatment of discretionary items
Name a RK Service
Call Centre, Client Relationship, Dealer Relations, Account Admin, Trust Accounting, Tax Services and Reporting, Operation Support.
Types of Pension Payment
Periodic Pension Payments, Lump-Sum Payment
Modes of Transactional Instructions
SWIFTS, FAX, ONLINE PORTAL - NEXEN
Our Full Legal Entity
CIBC Mellon Trust Company
What is an Investment Fund?
•Money is pooled from investors and used to invest in different assets
• Offers investors a diversified investment
• Risk is spread over a portfolio of securities
• Managed by fund managers
What is Recordkeeping
Recordkeeping operations are a critical hub of people, processes and technology in financial services. Recordkeeping maintains:
•accuracy and integrity of unitholder records
•quality service to clients and investors
Institutional and Pension Accounting (IPA) team provide clients with...
- Accounting and Reporting
- Regulatory Monitoring and Reporting
- Client Service
- Year-end Audit Support
Essential Elements in the Trades Instruction
•Account Information
•Direction (Buy/Sell)
•Security Identifier
•Broker Details
•Trade Date
•Settlement Date
•Units
•Amount
•Currency