TA-TA
Account that allows the flow of transaction money, such as purchases and redemptions
Trust bank account
Used as a storage module to house daily reports for review and auditing purposes
DataStore
Name a Canadian bank we use to process transactions
BMO/TD/RBC/SCOTIA/HSBC
Multiple Choice!
The external parties that receive the Fund Transfer and other iFAST reports include...
a) Fund Company (Client)
b) Custody
c) Fund Accounting
d) All of the above
d) All of the above
Worked in IFDS for 24 years, and only 25 years in age ;)
Linda Hoang
The IFDS team that process trades and send AWD manual payments to Trust Accounting
Operations/Transaction Processing
Workflow management tool used to retain records of transactions and backups; with worktypes such as TRUSTWIRE and TRUSTRECON
AWD10/AWD/Chorus BPM
Fill in the blank!
Payment is made to ____ when the Fund Transfer depicts a Net Purchase
Custody
Fill in the blank!
The primary purpose of the $Balancing tab (first tab on the Fund Transfer) is for Cash Forecasting, which is to prevent _____
Overdraft
In this industry for 11 years, previously worked in Northern Trust, and Syntel and had worked in Bangalore. Likes to play cricket
Ganesh C
Displays opening and closing unit balances per fund class and captures all fund activities and settlements
Fund Reconciliation Summary Report [FNDREC.SUM]
Houses the general ledger postings and allows for matching of trade settlements with bank account activities
Frontier
The team/department we work with that is responsible for printing cheques
Work Flow Services/Distribution Center
Multiple Choice!
The Out0 Recon tab validates the Outstanding Wire Order balance on the Out0 with the Closing Wire Order Balance on this report....
a) FNDREC.SUM
b) CashDly0
c) N$R
a) FNDREC.SUM
The associate that only know how to boil water!
Sumit
Retrieved from FundServ and captures the daily settlement totals to determine the payable to/receivable from FundServ amounts
NSM/N$M
Manual and systematic cheque application used by Trust Accounting to enter and approve manual cheque requests
WebSeries
Name two different payment methods utilized by trust accounting
Wire, EFT/PAC, cheque, A$M
Multiple Choice!
What is the Fund Transfer?
a) Capstock
b) Net due / to from fund
c) Money to and from Custody
d) All of the above
d) All of the above
Likes to trek and learn Spanish
Priyam
Fill in the blanks! One of the Trust Accounting motto is: Pay investors and dealers ____ & ____
Timely & Accurately
Record keeping system used to investigate transactions and run reports
iFAST Base
The Fundserv payment deadline
1:00pm EST
The report retrieved from FundServ and pasted into the "Fundserv" tab in the daily Fund Transfer Report, that provides a detailed breakdown summary of the daily FundServ settlement totals
NSR/N$R
Plays cricket, table tennis and is also a Gamer!
Varma