UIT Service

The UIT Service helps your firm process Unit Investment Trust (UIT) transactions and complete year-end UIT adjustments. The process is performed much like transaction processing for bond-OID accruals and mutual fund income reallocation. Using a list of publicly traded trusts provided by Wall Street Concepts, you extract and submit all related transactions for the year. Wall Street Concepts then compares all taxable UIT data to your yearly transactions and performs a series of edits on the data. After year-end accrual and gross-up rates are posted and edited, this service performs your year-end UIT adjustments.

Features

Makes the loading edit report available to help resolve problems in input data
Shows transactions for a holding after year-end processes are run
Generates daily Web-based management reports
Provides summary statistics about the progress of the UIT process

Benefits

Identifies all taxable UITs
Collects end-of-year data from trustees and processes year-end adjusting transactions
Provides statistics and reports to help identify potential errors in your transaction data