FAQ 772: When are NDX trades created in lieu of SDX?


Although all exchanges are generally done on a same day basis with MSCS, when are next day exchanges created?


There are 3 notable exceptions:
1) Any transfer that involves a short term redemption fee.
2) Any transfer created as a result of running the Close out a Fund function.
3) Any transfers involving multiple transfer agents.
All 3 of these situations will result in next day exchanges. So, it is important every day to run the 'Sell/Other' trade file/export to see if there are any NDX trades.