You are here: TSM SmartClient Menu Options > Transactions > Transfers > Fund Level Transfer
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Fund Level Transfer
The Fund Level Transfer option is used when you need to transfer all assets in one fund to another fund. Examples of this could occur when a fund closes and the fund company indicates the assets must be moved from the closed fund into the new fund, or possibly the incorrect fund was setup.
How to access the Fund Level Transfer screen
Click the Transactions menu, point to Transfers and then select Fund Level Transfer. The Fund Level Transfer screen appears.
How to perform a Fund Level Transfer
The following should be used when you want to transfer all assets of a fund to a different fund.
1. Choose the Plan.
2. Select or enter the participant, OR click the All Plan Participants checkbox. In most instances, you are choosing this transaction for all participants.
3. Enter the Effective date to be the current business date.
4. Enter the Settle Date to be the business day after the current business date.
5. Enter the Valuation Date and Unit Date to be the previous business date.
6. Choose the From Fund drop down and select the fund you are moving from.
7. Choose the To Fund drop down and select the fund you want to move the proceeds to.
8. Click the Update Current Allocations checkbox to change the participant investment allocations to the new fund. You may want to consider not checking this box initially, and wait for the Detail Report from the transactions to verify there are no errors on the transfer, then return to this screen and run the transaction again with this box checked after any/all errors have been cleared.
9. Click the Administrator Transfer checkbox if either fund has any type of transfer limits in place (as indicated under Setup > Transactions > Transaction Limits).
10. Click the Update Scheduled Rebalance/Transfers checkbox to make the appropriate fund replacement for any future scheduled rebalance or transfer. You may want to consider not checking this box initially, and wait for the Detail Report from the transactions to verify there are no errors on the transfer, then return to this screen and run the transaction again with this box checked after any errors have been cleared.
11. Click the Detail Report checkbox to create a report of all transfers for all participants that the fund level transfer affects. You will see this report in the Job Queues.
12. Click the Process button. This creates pending transactions, as well as updates investment allocations and future transfers if selected. You must follow all processes to trade the transactions.
Explanation of fields
If a field is not mentioned below, it is not currently used.
|
Field Name |
Field Description |
Required/ Optional |
|
All Plan Participants |
Check this box to make the transfer effective for all participants in the Plan selected |
Optional |
|
Effective |
The date the funds will be sold/purchased. In most instances, that is the current business date. |
Required |
|
Settle Date |
The date the funds will settle. |
Required |
|
Valuation Date |
The date the funds will be sold/purchased. In most instances, that is the previous business date. |
Required |
|
Unit Date |
The date the funds will be sold/purchased. In most instances, that is the previous business date. |
Required |
|
From Fund |
The investment that money will be transferred from. |
Required |
|
To Fund |
The investment the money will be transferred to. |
Required |
|
Update Current Allocations |
Checking this box will automatically update the participant’s investment allocations, removing the from fund and replacing it with the to fund for all allocations. You may want to consider not checking this box initially, and wait for the Detail Report from the transactions to verify there are no errors on the transfer, then return to this screen and run the transaction again with this box checked after any/all errors have been cleared. |
Optional |
|
Administrator Transfer |
Click this checkbox if either fund has any type of transfer limits in place (as indicated under Setup>Transactions>Transaction Limits). Checking this box indicates the transfer was initiated by an administrator and will not count towards any investment trading restrictions. |
Optional |
|
Update Scheduled Rebalance/Transfers |
Select this checkbox to make the appropriate replacement for any future scheduled rebalance or transfer. You may want to consider not checking this box initially, and wait for the Detail Report from the transactions to verify there are no errors on the transfer, then return to this screen and run the transaction again with this box checked after any/all errors have been cleared. |
Optional |
|
Detail Report |
This creates a report of the transaction(s), which will be located in the Job Queues. |
Optional |
|
Process |
Click this button when you are ready to create the pending transfer transaction(s). |
Required |