PFPC offers an unbeatable combination. We combine top-tier service with superior technology that’s second to none. In fact, our 25-year successful track record of providing mutual fund custody services has helped us become one of the top mutual fund custodians in the country.

We offer dedicated resources to our broad client base, including mutual funds, investment advisors, partnerships, institutions, insurance companies and trusts.

PFPC’s securities lending program is equally impressive. It offers fund clients an opportunity to generate incremental income on portfolio securities that would otherwise remain idle. This has resulted in successfully enhancing fund revenues while maintaining a low-risk profile. Currently, we have over $100 billion in participating assets.

When you partner with PFPC, expect a world of difference.

Custody Services

Recordkeeping

PFPC maintains daily cash activity, processes trade instructions, disburses fund expenses and payments and produces a complete record of transactions and asset activity.

Safekeeping/Security Processing

PFPC settles purchases, sales and maturities of securities and handles the safekeeping and registration of all securities. We maintain separate accounts in the name of each fund client and we post income on contractual payable date in Fed funds. We create receipts and disbursements and collect and receive income for clients.

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Corporate Actions

PFPC facilitates the transmission of corporate action instructions, enables online inquiry, collects and distributes proxy information, issues control reports and monitors deadlines for efficiency.

Quality Management

PFPC is committed to the quality delivery of services. We provide detailed monthly reports to our clients that measure service levels in every area.

Custody Data Warehouse

PFPC DataStation’s custody data warehouse provides more than 360 fields of core data, integrating information from its proprietary systems with non-proprietary data of its support network, including its global sub-custodians. Position and holding information includes security analysis, pending corporate actions, holding status and failed transaction detail. Transaction information includes historical transaction and receipts/disbursements detail.

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Automated Cash Sweep

Idle cash can be swept daily into one of several available money market investment vehicles.
For example, products offered through PFPC Trust Company's automated cash sweep include top-performing institutional money market funds, an insured bank money market deposit account, as well as offshore money market instruments.

Daily Electronic Interface with Accounting Agent

PFPC provides cash and security information, reconciliations, corporate action information and interest and dividend data to the fund accounting agent via electronic interfaces.

Foreign Exchange Execution and Processing

PNC1 provides access to the execution of foreign exchange (FX) transactions in all major and most emerging market currencies through a 24-hour trading desk on-call from Sunday evening at 4 p.m. through Friday evening at 5 p.m.

PNC can also arrange for wire transfers, foreign currency drafts, multi-currency accounts and foreign denominated collections. USD settlement can be made via Fed wire, direct deposit or ACH.

Our clients save time, reduce errors and improve the overall efficiency of their FX trading operations. PNC PINACLE® FX allows funds to quickly and effectively initiate, approve and pay for a variety of foreign exchange transactions. With this system, direct dealing can be executed from your desktop PC or via the Internet. PINACLE FX brings you the power of straight through processing and integration of front- and back-office systems.

1Foreign exchange products are offered and conducted through PNC Bank, NA.

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Securities Lending Services

Customized Programs

PFPC offers both indemnified and non-indemnified programs, customized to client specifications.

Management of Investment Collateral

PFPC relies on a separate, affiliated company to invest the cash collateral within our program ensuring compliance with customer investment guidelines.

Reporting Capabilities

PFPC offers detailed, daily reporting of all loan activity through PFPC DataStation, our data warehouse. We provide customized reports indicating profitability, spreads and collateralization information in your preferred format. Securities lending information includes details of all outstanding loans at the account level or security level, and mark-to-market details, as well as a full complement of back-end compliance reports.

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Services

Custody

Recordkeeping

Safekeeping/Security Processing

Corporate Actions

Quality Management

Custody Data Warehouse

Automated Cash Sweep

Daily Electronic Interface with Accounting Agent

Foreign Exchange Execution and Processing

Securities Lending

Customized Programs

Management of Investment Collateral

Reporting Capabilities