CI Ops - SysPlan Review (PAC/AWD/IFE)

Systematic Plans Overview

PAC/AWD/IFE

2023

Match

Match the following

• PAC

• AWD

• IFE

Modifications must be made by 4pm EST the day prior to the run date

Modifications must be made by 4pm EST the day of the run date

Modifications must be made by 4pm EST the day of the run date

• Modifications must be made by 4pm EST the day prior to the run date

• Modifications must be made by 4pm EST the day of the run date

• Modifications must be made by 4pm EST the day of the run date

Systematic Plans

2

A systematic purchase into a CI account from the client’s bank account

Amount

Fund Directions

Frequency

Banking Information

Start Date/Run Date

Multiple Choice

What is the enforced PAC minimum?

• $25

• $50

• $55

• No minimum

Multiple Select

PACs cannot be set up on... (Select all that apply)

• FEL

• ISC

• DSC

• LL

Multiple Choice

Semi-monthly is...

• Twice a week

• Twice a month

• Once every two months

• Twice every two months

Multiple Choice

Which of the following is not permitted?

• Joint banking information

• Third-party banking

• Corporate banking

• Lines of Credit

Systematic Plans

3

Set Up Requirements

CI Application Form

CI Pre-Authorized Chequing Agreement Form

LOD/OT

Sun Life E252/F252

Nominee authorization

Multiple Select

LOD/OT must be authorized by...

• Client

• LTA

• Dealership

• Spouse

Presentation Title

4

Currency Rules

CAD$ funds
purchased
from CAD$
bank account

USD$ funds
purchased
from USD$
bank account

If the bank account is a
Canadian Financial Institution

Systematic Plan

5

A systematic withdrawal from a CI account

Amount

Fund Directions

Frequency

Payment Method

Start Date/Run Date

Multiple Choice

What is the enforced AWD minimum amount?

• $25

• $50

• $55

• No minimum

Multiple Select

AWDs cannot be set up on which of the following accounts? Select all that apply.

• LIRA

• RESP

• Open

• Pension Plan

Multiple Choice

AWDs are set up as ___

• NET

• GROSS

• NET of DSC

• NET of WHT

Presentation Title

6

Set Up Requirements

CI Application Form

LOD/OT

Sun Life E252/F252

Nominee authorization

Systematic Plans

7

Frequency

Weekly

Bi-

weekly

Multiple Select

What plan types specifically do not permit weekly and bi-weekly frequency? Select all that apply.

• RIF

• RSP

• TFSA

• LIF

Systematic Plans

8

Rules & Restrictions

RESP, Locked-in Plans, LSIF

USD (however, must be paid in USD)

WHT up to 99%

Systematic Plans

9

AWDs on Income Plans

Run date cannot be later than the 25th of the
month

• Unless we’re setting up a semi-monthly frequency

Multiple MAP payments are not permitted

Systematic Plans

10

A systematic switch between funds

• Large investments divided up and periodic purchases made into volatile funds

Dollar Cost Averaging

F649

F686

Systematic Plans

11

Set Up Requirements

LOD/OT

• Edward Jones
• CI

Dollar Cost Averaging Plan Form

Sun Life E252/F252

Nominee authorization

Systematic Plans

12

Information Required

Amount

Fund Directions

Frequency

Start Date/Run Date

Systematic Plans

13

Permitted

On all account types

• If the source account is a RRSP, the IFE cannot be set up to another account

Between USD funds

• Also permitted between CAD & USD if the fund has the same master code

Systematic Plans

14

Not permitted

Between RIF/LIF accounts

On LSIF funds

• Only on same fund, between two accounts

Multiple Select

Which two useful policies should you refer to on CI Knowledge when handling SysPlans?

• Systematic Plan Modification Policy

• Systematic Plan Stop Policy

• Systematic Plan Carryover Policy

• Systematic Plan Policy