As we communicated earlier this year, Mackenzie will no longer review documents submitted for EPA-eligible trades to confirm settlement method, starting July 2, 2019. Our goal is to avoid processing delays and errors that may result from discrepancies between the wire order and the paperwork that some advisors still submit.
What this means
- For trades placed on July 2 or later, Mackenzie will send funds for eligible transactions using the settlement method indicated in the wire order.
- Mackenzie will not change the settlement method based on back-up documents we receive.
- If advisors need to make changes to pending wire orders, they should speak with their head office.
- Please note that if the wire order has settled, a Letter of Indemnity (LOI) will be required to amend the transaction.
To ensure a smooth transition, please remind your advisors that this change becomes effective July 2, 2019. We've created this Quick Reference Guide to assist advisors with document requirements for EPA-eligible trades.
If you have any questions, please contact your Dealer Relations Account Manager. You can also call us at 1-800-268-7119 or send an email to drelations@mackenzieinvestments.com.
Thank you for your continued support of Mackenzie Investments.
The Dealer Relations Team
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