Mutual Funds

The following are service offerings of National Securities Clearing Corporation, the nation’s leading provider of centralized clearance, settlement and information services to more than 2,500 brokers, dealers, banks, mutual funds, insurance carriers and other organizations. NSCC develops standardized, automated solutions that promote connectivity, efficiency and lower risk in the financial services marketplace. NSCC is a subsidiary of The Depository Trust & Clearing Corporation (DTCC).

Please Note: The following links will route you to the pages on www.dtcc.com containing up-to-date descriptions of these NSCC Products and Services.

  • ACATS-Fund/SERV Interface - The ACATS-Fund/SERV Interface is a system that links NSCC's Automated Customer Account Transfer Service (ACATS) and Fund/SERV system.

  • Commission Settlement - Commission Settlement is the most efficient method of accurately reporting fund commission information to financial services firms. Using a standard format in NSCC's centralized processing environment, the service supports all types of fund commissions including Contingent Deferred Sales Charge (CDSC) payouts, 12b-1 fees (or trail commissions), or other types of payments. Settlement occurs through NSCC's settlement system.

  • Defined Contribution Clearance & Settlement (DCC&S) - Defined Contribution Clearance & Settlement (DCC&S) is a service package that facilitates the automated processing and reporting of defined contribution transactions [including 401(k), 403(b), and other defined contribution retirement plans] among asset managers, plan trustees, and plan administrators, including third-party administrators (TPAs). DCC&S incorporates the functionality of NSCC's Fund/SERV, Networking, and Mutual Fund Profile systems to reduce the time, costs, and risks associated with processing of defined contribution transactions.

  • Fund/SERV - Fund/SERV is the industry standard for processing and settling of investment funds, including both 1940 Act and other pooled investment products for investment companies, money managers and financial intermediaries. The service provides standardized formats and centralized processing of purchase, redemption, and exchange orders, account registrations, and provides participants with a single daily net settlement.

  • Fund/SPEED - Fund/SPEED is an Extensible Markup Language (XML) service that supports the real-time exchange of account and order information between mutual funds and their trading partners.

  • Global Update - Global Update allows member firms to provide updated account representative and branch change information in a standardized format that affects single and/or multiple customer accounts. Firms using the Global Update service can inform funds of these changes in an automated, non-networked environment.

  • Mutual Fund Profile Service (MFPS)

    • Mutual Fund Profile Service (MFPS): Participant, Product & Distributions - MFPS automates the flow of information between NSCC participants in a centralized system using standardized formats. Participant, Product & Distributions' three profile features provide participants with up-to-date information on firm and fund members, individual securities, processing capabilities, and projected and actual distribution information.
    • Mutual Fund Profile Service (MFPS): Price & Rate - MFPS automates the flow of information between NSCC participants in a centralized system, using standardized formats. Price & Rate files report daily Net Asset Value (NAV) and daily distribution rates for individual mutual funds for a specific date.

  • Networking - Networking is an automated, centralized record-keeping system through which all customer account activities can be exchanged by participants. The service provides accurate, timely updates in a controlled environment. A standard format uniformly reports account positions, activity and dividend information, as well as registration updates between investment companies, or their transfer agents and financial intermediaries. Dividends may be settled through NSCC's net settlement option.

  • Transfer of Retirement Assets Service (ToRA) - Transfer of Retirement Assets (ToRA) is an extension of NSCC's Fund/SERV system which enables mutual fund companies to jointly initiate, acknowledge, confirm and settle the transfer of the cash representing the value of mutual fund shares held in fund-sponsored IRA plans.