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EZLink U.S. Services:
What is required to administer Clients?
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ADPCOS will securely send daily trade files to the Financial Institution's designated printer in its home country. The same can be done with print output, or ADPCOS can print monthly statements on the Financial Institution's supplied paper, and forward in bulk to the home country. The main daily activity is posting client cash transfers to a spreadsheet provided by Marketware that generates the necessary foreign exchange entries and client account entries. This sheet is forwarded by secure email to ADPCOS, where the entries are posted prior to market open. Custodial mailings (reorg offers, etc) can be sent directly to clients, or via the Finacial Institution for local posting.
Client commission schedules are arranged in advance, and collected automatically before the net proceeds of trades are calculated. Monthly costs will be netted against these commissions on a monthly invoice.
Marketware will provide a Procedures Manual for all these tasks, to be signed off by the Financial Institution prior to implementation.
