Mutual Fund Profile Service’s Daily Price & Rate File offers fund companies an automated solution for providing broker/dealers and other distribution firms with accurate and timely information on daily prices in the form of net asset values (NAVs) and rates for daily accrual funds.

Overview

Mutual Fund Profile Service’s Daily Price & Rate File offers fund companies an automated solution for providing broker/dealers and other distribution firms with accurate and timely information on daily prices in the form of net asset values (NAVs) and rates for daily accrual funds.

Both firms and funds have the option also to receive the NASDAQ price file. NSCC stores price and rate information for 90 days. Files can be sent and received interactively or as single- or multiple-batch transmissions.

The Daily Price & Rate File is accessible via mainframe over DTCC’s SMART connection. To upload or download files, participants can use DTCC WebDirect, a Web interface that gives participants direct access over the Internet to services provided by DTCC's subsidiaries.

Who Can Use the Service

Any interested financial organization that meets NSCC qualifications can use the service.

Benefits

• Automates and standardizes access to this critical information through one centralized location.
• Supports both ISO/SWIFT and non-ISO messaging formats.
• Corrections can be reported and changed on a timely basis.

How the Service Works

The Daily Price and Rate File provides:

• NAV dates and prices
• Daily dividend information with the milrate
• Security Issue IDs (these may or may not be Fund/SERV-eligible)
• NAV and dividend corrections with associated date
• Day count (the number of days that applies to the rate for daily accrual funds)
• Issued and proposed symbols
• Cumulative rates
• Distribution types
• Distribution indicators

For More Information

Please contact DTCC Relationship Management at (212) 855-8877.