A#

5882

P&S #:

5452

DATE:

August 17, 2004

TO:

ALL PARTICIPANTS

ATTENTION:

MANAGER MUTUAL FUNDS OPERATIONS, MANAGER DATA PROCESSING, MANAGER CASHIERS, MANAGER P&S DEPARTMENT

FROM: DISTRIBUTION SERVICES - MUTUAL FUNDS
SUBJECT: MUTUAL FUND PROFILE SERVICE – EDITING CHANGES TO SELECT FIELDS IN SECURITY ISSUE RECORD TYPES

Effective Saturday, November 20, 2004 the editing criteria for select fields on three (3) record types within Mutual Fund Profile Service Phase II (MFPS II), Security Issue, will be modified.

In addition, a new Security Profile Reject Code, 0507, will be added to indicate when the NASDAQ Symbol field is invalid.

Sixteen (16) fields will be changed from required to optional on the affected record types. Funds will now have the option of completing these fields or leaving a space.  However, as a best practice, funds should make every effort to populate all fields in the records where possible. 

The record types and fields affected are:

A.  General Profile - 020 

Regulation “T” Requirements Met
PAC Cycle Include/Exclude Indicator
SWP Cycle Include/Exclude Indicator (ACH)
Redemption Closed Indicator
Certificates Available
ToRA Eligibility Indicator
403(b) ToRA Eligibility Indicator
NAV Error Correction
NAV Non- Commissionable Defined Contribution Plan
Systematic Withdrawal Eligible
Share Class Conversion Date (of last conversion)
Price Ratio from last conversion (rate)

B.  CDSC Information – 022

CDSC Waiver Due to Correction Indicator

C.  Commission Data – 024

Special Commission Advance
Special Commission Rate
Special Commission Starting Dollar Amount

Participant Testing

Testing of the editing changes of the affected records in MFPS II Security Issue will be accommodated in the Participant Services Environment (PSE) region on the mainframe, beginning Saturday, October 23, 2004.

PCWeb Direct users will be accommodated in the PCWeb Direct PSE region starting Saturday, November 13, 2004. 

Participants wishing to test must contact the Enterprise Service Center (ESC) by calling the NSCC Production Support Hotline at 212-855-1144, option 5, option 2. To ensure proper set up for the PSE region, it is requested that at least three days prior notice be provided to ESC.

Any questions or concerns regarding this Important Notice can be directed to Mutual Fund Marketing at 212-855 – 8877 or the undersigned.

Rita A. Gribben
Product Manager
Mutual Fund Services
212-855-5677