As part of the ongoing goal of keeping FundSERV customers informed, the standards steering committee (SSC) publishes its list of current strategic initiatives.
Do you have an automation idea that would save time or money? If so contact the committee by e-mail at: ssc_chair@fundserv.com.
| No. |
Title |
Short Description |
Stage |
| 1 |
Trade Date Rules & Settlement Schedules |
Structured notes, hedge funds and other alternative products require new trade and settlement logic to support subscription periods, redemption windows and maturities. |
ESG working group created. |
| 2 |
File Standards |
Various changes to file standards, including:
- Reversal files - additional standards to ensure consistent processing of reversals and cancellations.
|
ESG working group created. |
| 3 |
Non-financial Updates |
Additional NFU messages for dealer, branch and advisor updates. Review workflow to determine if improvements can be made to accept/acknowledge changes. |
SSC working on high-level proposal. |
| 4 |
Transfer Processing Standards |
New standards to further automate transfer transactions, such as: client name to intermediary, client name to client name and intermediary-to-intermediary. Scope includes all transfers transactions within industry-approved standards. |
ESG working group proposed solution. |
| 5 |
RESP Processing Standards |
New standards for RESP processing such as account setup, principal and earnings redemption. |
ESG working group proposed solution. |
| 6 |
Increased Automation - STP |
Identify automation measurement requirements to address barriers to automation. |
FundSERV and SSC working on high-level proposal. |
