Final Ops Newsletter June 16
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Mutual Funds have moved to a standard T+1 settlement. For almost 2 months over 250<br />
Mutual Fund companies’ transactions have been processed with an automatic T+1<br />
settlement and the results have been fantastic. The process of having to mark trades with T+1<br />
notes and Special Instructions has all but vanished.<br />
Page<br />
Unfortunately there are still a small number of Mutual Fund transactions which will require the<br />
override if T+1 is needed. These will include all transactions for First Investors and some<br />
Alliance Bernstein, Invesco, and Janus Funds. There are also a few Funds that will not allow T<br />
+1 and will always settle T+3. These include CGM and some of the Integrity Funds. See the<br />
Trading Exceptions List on Stifelnet at http://portal.stifel.com/Operations/MutualFund<strong>Ops</strong>/<br />
Pages/Funds-Family-Trade-Settlements.aspx for continued exceptions.<br />
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