Essay specific features
December 16, 2014
No of pages / words:
4 / 1063
Rating of current essay:
Transfer agent is responsible for clearing the customer’s checks. Notify the funds of the purchase or sales of shares.
- Send confirmation back to customer.
- Exchange of shares from one fund to the other, must notify both funds of the sale and purchase of the shares.
- Account information and fund reports: provide information to mutual fund holder on the performance of their funds...
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Redemption may also involve a payment of check ETF. Shares redemption can also be through retirement distribution which can complicated due to the numerous laws and regulations regarding the age at which distribution may start (55) the age they must begin to occur (70 ?), and the minimum amounts that must be distributed from retirements accounts at vary ages...
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