CI Ops - Systematic Plans (PPA)

What is the common acronym used when referring to automatic rebalancing?

• PAC

• PPA

• AR

• PAA

​ (a)   is a no fee service offered to clients to ensure that a specific mix of ​ (b)   is maintained within an account regardless of ​ (c)   fluctuation.

• Portfolio Percentage Allocation
• funds
• market value
• Personal Portfolio Allocation
• accounts
• interest rates
• money
• Automatic Withdrawal
• cost value

Which of the following is not required when setting up PPA?

• Variance

• Banking Information

• Frequency

• Fund Selection

The variance ranges from

• 2.5%-10%

• 0%-1.5%

• 2.5%-5%

• 0%-1.25%

If a variance is not indicated, the default of (a)   is applied.

If the frequency is not indicated, the request must be sent to Resolutions to confirm.

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Answer explanation

Where there is a default option, the default is to be applied. The item does not have to be sent to Resolutions for confirmation.

What is the difference between account level and fund level rebalancing?

Answer explanation

Account Level: ALL of the funds in the client's account under that specific class will be rebalanced.

Fund Level: ONLY the funds indicated on the rabalancing request with the same fund class will be rebalanced

We received a request to set up PPA on fund level however, only one fund is indicated in the target mix section. What is to be done?

• Set up the PPA on that one fund.

• Set up PPA on Account Level

• Nothing, we cannot set up PPA only on one fund on fund level

• Send the item to Resolutions to confirm.

Multiple PPAs can be set up on one account.

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• 

Multiple PPA set ups must have the same frequency and __ applied to all fund classes.

• Fund mix

• Variance

• Banking information

• Amount