CFS’s transfer agent solution seamlessly supports ETF shareholder activity and provides the necessary DTC connectivity. Services to support an ETF include:
- Provide ETF order processing and trade bursting and ETF fail monitoring/collateral
- Issue Shares of the applicable Fund in Creation Units for settlement with purchasers through DTC
- Prepare and transmit by means of DTC payments for dividends and distributions
- Confirm to DTC the number of Shares issued to the Shareholder
- Record the issuance of Shares of a Fund and maintain a record of the total number of Shares of the Fund
- Prepare and transmit to the Administrator any applicable securities exchange information with respect to purchases and redemptions of Shares
- Calculate and transmit on each day to DTC and the Administrator the number of shares purchased and number of outstanding Shares for each Fund.
- Prepare a monthly report of all purchases and redemptions for each Authorized Participant.
- Maintain account records of DTC or its nominee as the sole shareholder of a Fund and the number of Shares issued by the Fund and held by the Shareholder.
- Provide Anti-Money Laundering Services as required
