Joyce Frydryck [00:00:00] Welcome. This is Joyce Frydryck of the PNC I-Hub support team. And this segment will go over the trading functionality for our custodial clients for PNC Institutional Asset Management.
Joyce Frydryck [00:00:15] So for trading, you can see that any questions should be directed to our trade support team, and we provide you the 800 toll-free line here. You can also see that we can create new trade requests by selecting an account, and then we have various options for trading. We have equity trades, fixed income trades, mutual fund trades, or capital calls for an alternative asset. With this demonstration, I'll go over a mutual fund trade, and I'll go ahead and start the request.
Joyce Frydryck [00:00:58] I'm going to go ahead and select the buy option, and I will go ahead and key in any portion of a ticker symbol, or the CUSIP number, or the name of the actual asset. If I have that purchase, I can do it in units or in dollars. I'll go ahead and select $2,500. And if this is my initial purchase, I'll say that yes it is; I need to select whether the dividend distributions are in cash or reinvested and whether the capital gains are in cash or reinvested.
Joyce Frydryck [00:01:48] If I have an additional trade to place that is within the mutual fund group, we'll go ahead and hit save, and add another. This time, let's say that we are going to sell a mutual fund, and I want to select that from the holdings that I have in that account. I can select that information there, and I can then select the asset itself that I would like to make a sale on. I'll go ahead and add that fund here. I can select "sell all" or I can select "sell dollars or units." I can continue to add - save and add - another, both buy sells or exchanges and mutual funds. We'll go ahead and hit the "save and continue," and we get to the approval process.
Joyce Frydryck [00:02:42] So for the approval process, you can have a submitter submit the form and then select here in a dropdown an approver, to approve the transaction. We also have the capability to set up trade approvals only, where they are not an overall authorized signer, but instead they are an approver only for trade functionality. When I go ahead and hit the "submit" on the next screen, an email would then be generated to that approver that I selected; and from there they would come into the system and review a page very much like the overview page we're viewing here. You can see that there are edit buttons that they can edit any of the information that was keyed in, and then for the submitter, they would select the "I authorize the trade" and hit submit.
Joyce Frydryck [00:03:41] Note: if it is a repetitive type of a trade, you can create a template that will save time for the future, in that those same transactions, the same CUSIPs, etc., would be saved for you to take action on in the future.
Joyce Frydryck [00:04:04] Under trading, you'll see that there are three views, the "to do" view is going to show you anything that requires an action. You can see I have a lot of draft items out here. But if I were an authorized signer, I might have a lot of "pending approval" as my statuses that require action. The "my trades" are any trades that I, as a user, have submitted. So whether they are draft, in process, pending approval, or completed, they will all appear in this area.
Joyce Frydryck [00:04:36] And then finally the institution trades: this will be the holistic view of everyone at my organization and what trades they have placed. So this is that good audit trail, allowing you to see all of the trades. You can filter, sort by date, etc., to look back on historical trades that were placed.