The Trust Processing Guidelines document was originally created by the Trust User Group and the ICI (Investment Company Institute) Bank, Trust and Retirement Advisory Committee to facilitate the exchange of information flowing between bank trust departments and fund groups utilizing NSCC’s Fund/SERV® and Networking systems.
Based on the assumption that clients (Trusts, TPA’s and Service Providers) will utilize both the Fund/SERV® and Networking systems for processing, the pdf Trust Processing Best Practices (748 KB) offers a “how to” for the benefit of both the fund and trust processor’s community to reduce potential multiple processing methods.
