CISI Transfer Agency case studies
CISI Transfer Agency · Put your knowledge to work in context.
The CISI Transfer Agency exam is a professional qualification from the Chartered Institute for Securities & Investment aimed at people who administer and service collective investment funds. It suits transfer agency administrators, fund dealing and settlement staff, client services and onboarding teams, compliance and KYC reviewers, and operations professionals moving into fund administration from banking or custody roles. The CISI Transfer Agency case studies are 5 cases and about 3,322 words.
1Onboarding a layered BVI Investor with a Foreign PEP
A UK-authorised transfer agency receives an application from Maris Capital Holdings Ltd, a BVI company, to invest USD 4.2 million in a Luxembourg UCITS. The ownership chain shows 60% held by a Cyprus holding company and 40% by a nominee for an unnamed family.
634 words, about 3 min2Large Redemption, Dilution Levy and Swing Pricing
Global Small Cap Fund has NAV of USD 850 million, daily dealing with a 12:00 CET cut-off and forward pricing. On Tuesday an institutional investor submits a redemption for 18% of NAV at 11:58.
576 words, about 3 min3FX Shortfall and Late Settlement on a Singapore Subscription
A euro-denominated fund has a Singapore-based distributor that submits a subscription for SGD 2,500,000 on 14 March for the 17 March dealing date. The fund's prospectus requires subscription monies in EUR, cleared by T+3 (20 March), and states that applications are allotted at the dealing-day NAV once cleared funds are received.
723 words, about 4 min4Joint Holding, Death of a Holder and DRIP Entitlement
A UK-domiciled authorised fund's register shows 12,500 income shares held jointly by Mr and Mrs A. Mr A dies on 2 April.
741 words, about 4 min5System Outage on a Quarterly Dealing Day
On 31 March, a quarterly dealing day with a 12:00 cut-off, the transfer agency's core system fails at 09:15. By then 1,400 subscription and redemption instructions had arrived by portal, fax and email; 300 arrive after the failure.
648 words, about 3 min