Products & Services
Wealth Management Services
Mutual Fund Profile Service: Daily Price & Rate File
a service offering of National Securities Clearing Corporation (NSCC)Product Information
Overview
Mutual Fund Profile Service automates the flow of nontransactional information between NSCC participants in a centralized system, using standardized formats. The Daily Price & Rate File allows fund companies to provide intermediary firms with accurate and timely information on daily prices in the form of net asset values (NAVs) and daily distribution rates for individual mutual funds for a specific date. Both firms and funds have the option also to receive the NASDAQ price file. NSCC stores price and rate information for 90 days and NASDAQ information for 30 days. Files are processed interactively or as single- and multiple- batch transmissions.
The Daily Price & Rate File is accessible via CPU-to-CPU links. Participants can use DTCC WebDirect, a Web interface that allows participants direct access over the Internet to services provided by DTCC's subsidiaries, to upload or download files
.Who Can Use the Service
Any interested financial organization that meets NSCC qualifications can use the service.
Benefits
- Automates and standardizes order flow procedures, making processing more efficient, reducing operating costs, supporting volume growth and expanding product offerings.
- Eliminates the need for multiple links, faxes and phone connections.
- Simplifies the settlement process by calculating a single money settlement figure for each settling participant every day.
- Expands business opportunities for plan administrators, TPAs, mutual fund families and trustees
How the Service Works
The Mutual Fund Profile Service provides:
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NAV dates and prices
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Daily dividend information with the milrate
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Security identifiers (these may or may not be Fund/SERV-eligible)
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NAV and dividend corrections with associated date
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Day Count (the number of days that applies to the rate for daily accrual funds)
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Issued and proposed symbols
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Cumulative rates
For More Information
Please contact Wealth Management Services Marketing at (212) 855-8877.
This description is for informational purposes only. This Service is governed by applicable Rules, Procedures, and Service Guides for each DTCC subsidiary, which contain the full terms, conditions, and limitations applicable to this Service.
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