Schwab RT Recordkeeping Generic Trust Link Same Day Settlement Getting Started Guide & Generic File Layouts

Transcription

1 Schwab RT Recordkeeping Generic Trust Link Same Day Settlement Getting Started Guide & Generic File Layouts

2 Schwab RT SQL Recordkeeping Generic Trust Link, Same Day Exchange Getting Started Guide Revision date: November, 2012 The material contained herein is proprietary to Schwab and for informational purposes only. The information is not intended to provide tax, legal or investment advice. Schwab does not guarantee the suitability or potential value of any particular information source. Certain information presented herein may be subject to change. The information or material contained in this document may not be copied, assigned, transferred, disclosed or utilized without the express written approval of Schwab. The Charles Schwab Corporation provides services to retirement plans and participants through its subsidiaries: Charles Schwab & Co., Inc. (Member SIPC), Charles Schwab Bank, Schwab Retirement Plan Services, Inc., Schwab Retirement Plan Services Company and Schwab Retirement Technologies, Inc. (Schwab RT). Schwab RT is engaged in developing and licensing proprietary retirement plan recordkeeping systems to independent Third Party Administrators. For further information, contact Schwab Retirement Technologies, Inc. at 4529 Sharon Road, Charlotte, NC 28211, USA. Web site: schwabrt.com Schwab Retirement Technologies, Inc. All rights reserved.

3 Contents Table of Contents Table of Contents...3 Overview...4 Generic Same Day Settlement Application...4 Prerequisites...4 Prerequisites for Generic TDI...4 Prerequisites for Generic Same Day Settlement...6 Assigning User Rights to the SDE Programs...7 Assigning the Generic Link to Investments...7 Creating Directories for Plans with SDE Funds...9 Processing...10 Generic Price Import and Trade Export (C170)...10 Trade Processing Overview Using TDI...11 Performing Generic Price Import or Trade Export (C170)...12 Generic Same Day Settlement (C171)...17 Performing Generic Same Day Settlement...17 Generic Same Day Settlement Field Definitions (C171)...18 Release Trades...18 Update the Recordkeeping System with Participant OPI Requests...19 Perform Daily Processing...19 Print Buy/Sell Worksheets...19 Price and Position Import (C134)...19 How to Perform Price and Position Import...20 Price and Position Import Field Definitions...21 Refreshing the OPI Files...22 Generic Link File Layouts...23 Generic TDI Record Characteristics...23 Generic Price Import File Layout (C126)...24 Generic Export File Layout (C129)...25 Generic Import File Layout (C130)...28 Generic Price and Position Import File Layouts (C134)...32 Generic Price Import and Trade Export File Layouts (C170)...34 Generic Same Day Settlement File Layouts (C171)...37 Schwab Retirement Technologies

4 Overview Generic Same Day Settlement Application The Generic Same-Day Settlement application (SDE) is a trade data interchange process that you can use if you have arranged with your investment vendor to allow the early transmittal of asset prices. To use the application, you must be able to receive the current day's investment prices from the vendor and update trade orders with the current price before exporting them to the vendor. This results in trades that contain no uncertain components. Therefore, trades can be settled and released on the same day they are generated, allowing you to update and display more current participant data though your Online Participant Interface (OPI) platforms (Voice, Web, and Customer Service Screens). When the investment vendor returns an import file the following day, it contains already released trade confirmations. Prerequisites The following are prerequisites for TDI and Generic Same Day Settlement features: Prerequisites for Generic TDI The following prerequisites must be completed in order to use the TDI function: The user must have security rights to the application through the Schwab RT Recordkeeping Console. The plans using the generic TDI link and their paths must exist in the Plan Index. If they do not already exist, they can be added in the Plan Index Maintenance application. The generic TDI links are specified in C282/RK SQL System Maintenance. Generic Link Settings allow a generic trade link using up to 15 characters. Valid entries are Generic Links 2, 8, 11, 13-16, 18, 19, and Generic 2= Generic 11=xxx allows trade link to Fidelity Advisors, using the assigned account identifier (xxx). Generic 13=7122 Generic 14 = 401k Generic 15 = 0223 When you first execute an application that reads a generic TDI link, if the Generic TDI link does not exist, the system automatically creates it and moves the generic TDI link settings from the System Settings. The account identifier allows the investment vendor to return trades to the correct client. Up to 25 generic links, each with its own investment vendor number, can be specified. November 2012 Schwab Retirement Technologies Page 4 of 38

5 Link Number Generic TDI System Setting Generic Link 2 GENERIC2=n n Generic Link 8 GENERIC8=n n Generic Link 11 GENERIC11=011 Generic Link 13 GENERIC13=n n Generic Link 14 GENERIC14=n n Generic Link 15 GENERIC15=015 Generic Link 16 GENERIC16=016 Generic Link 18 GENERIC18=018 Generic Link 19 GENERIC19=n n Generic Links GENERIC22 39=n n Example: GENERIC2=12345 for generic link 2 Other System Settings: TDI Settings System Setting Description Default Release loan by TDI Update TDI Schwab SDE Schwab RPA Order Origin Indicates whether specific batches are released automatically through TDI when an associated batch is released: 0 = No, 1 = Yes Indicates whether to update the Order file with TDI orders when Buy/Sell Worksheets are printed: 0 = No, 1 = Yes Used for late order placement and autopricing with C145/Enhanced CSTC Import/Export. 0=No, 1=Yes For Tradelink this is the Retireent Plan Administrator ID assigned by CSTC. The RPA allows the vendor to return trades to the correct client. General System Settings Indicates whether to include the origin code or the tax code in the Generic TDI orders: 0 = Origin code, 1 = Tax code No Yes No 0 (Origin code) The following information must be entered in the Investment Maintenance application for each investment using the link: CUSIP: The CUSIP field is used by the TDI function to identify investments to the vendor. If your vendor does not use the actual CUSIP of the investment, this field must contain the vendor's identifier for the investment. November 2012 Schwab Retirement Technologies Page 5 of 38

6 Trust/Vendor Link: This field identifies the generic link you will be using. Example: 018 Generic Link 18 TDI data is used to identify the plans held in the system to the investment vendor. This is also entered through the Investment Maintenance application. Because the plan can be identified differently in the system than at the investment vendor, the TDI data assigns to the plan the name that the vendor uses. The following information must be included: Plan: The Plan field must provide the identifier of the plan trading through TDI. Link: The Link field identifies the trading link used for TDI processing for the plan specified in the previous field. Account: The Account field identifies the plan account number supplied by the investment vendor. The account number can be up to 15 characters long. An account number must be supplied in the account number field; if the investment vendor does not assign a plan account number, the user can use the plan identifier as the account number. If you are using more than one link, each link must be included. If the investment vendor has specific file naming and location requirements, you must ensure that all are established before attempting TDI functions. If the trade is an exchange, only exchanges processed in the Exchanges and Transfers application are traded through the generic link. However, to have exchange transactions generated by the Automated Data Translation (ADT) application and the Voice Response System traded through the link, the Create Exchanges check box must be selected. This check box is located in the Transfer/Exchange Controls section on the Other Plan Features window and tab in Plan Maintenance. Prerequisites for Generic Same Day Settlement The following are prerequisites for Generic Same Day Settlement: Enable SDE (see previous section) Assign user rights to the SDE programs Assign a Generic Link to the investment in C282/RK SQL System Maintenance. Assign vendor identifiers to plans Create Plan Groups for plans with SDE funds If you have been using the Generic trading link prior to this enhancement, you may have already completed some of these steps; however verify that these steps have been completed. The steps below must be completed only once to enable SDE processing. November 2012 Schwab Retirement Technologies Page 6 of 38

7 Assigning User Rights to the SDE Programs Assign user rights so that users can access the SDE applications (C170, C171). Note: If you have been using the Generic trading link, rights already should be assigned to the new programs, because they use existing rights RK Profiles. 1. From the Recordkeeping console, select Security Maintenance from the Admin menu. Select the desired operator, and then click Edit. 2. Verify that the correct Operator Group is assigned or assign to the appropriate group and specify local operator security options as required. Assigning the Generic Link to Investments Your investment vendor recognizes your investments by the CUSIP numbers that you assign to them. The Recordkeeping system determines which Generic link should be used to trade your investments as assigned in Investment Maintenance. The Generic Link uses SDE functionality without requiring a separate TDI Link ID. The TDI File allows you to cross-reference the plan name with the identifier used within the Recordkeeping system, allowing the investment vendor to identify your plans. To assign the proper SDE trading link, do the following: 1. Open Investment Maintenance and select the appropriate Investment ID. November 2012 Schwab Retirement Technologies Page 7 of 38

8 2. Select Synoptic from the Investment Maintenance application tree. The Investment Maintenance Synoptic window appears. Assign a Generic trading link (for example, 018: Generic Link 18) to the investment in the Vendor Link Code field. November 2012 Schwab Retirement Technologies Page 8 of 38

9 2. Select Characteristics from the Investment Maintenance tree. The Investment Maintenance Characteristics window appears populated with the TDI Link information. 3. For each asset that had a link previously assigned in the Synoptic window to be used for same day settlement, verify the assigned CUSIP number in the Characteristics window. Creating Directories for Plans with SDE Funds Your investment vendor has specific directory requirements for export and import files. Before attempting to process using SDE, you must verify these directories with your investment vendor. (If you have been using Generic trading links, these directories already should exist). November 2012 Schwab Retirement Technologies Page 9 of 38

10 Processing The following are the recommended steps for processing using the same-day settlement enhancement. It is important that you complete these steps in the given order. Generic Price Import and Trade Export (C170) The Generic Price Import/Trade Export application (C170) provides the means to perform either the generic price import function or the generic trade export function. You can select which function to perform under Process Type. The Generic Price Import/Trade Export application is used to update investment prices. You can perform this function immediately following the Start a New Day process. Pricing investments through Trade Data Interchange (TDI) takes the place of pricing those investments in the Pricing application. The generic trade export function generates an ASCII file used to communicate orders to the investment vendor. The application reads the TDI Buy/Sell Order data to obtain the information to create the ASCII export file. The export file includes purchase assets, purchase units, and purchase order IDs. The following figure displays the file layout data: The generic TDI applications are used by investment management systems for which there are no customized trade links. Please contact the investment vendor before enabling the TDI functions to determine if a trade link can be used. November 2012 Schwab Retirement Technologies Page 10 of 38

11 Trade Processing Overview Using TDI The Trade Data Interchange (TDI) facility enables fast and accurate communication of data between the system and the investment vendor's management system. Customizable trade links between the system and several investment management systems include a generic TDI link that can be used by investment management systems for which there are no customized trade links. During the course of processing a plan, activities occur that produce transactions. If the system has been set up to use a TDI function, the following procedure can be used to communicate with an investment vendor. 1. Generate buy/sell worksheets with the Update Trade Data Interchange check box selected. This action causes the transactions that require buying or selling of investments to generate records in the Order data. Each record is assigned an order identifier by the system. 2. Use Generic Export to generate an ASCII export file for investment management system. 3. Transmit the export file to the investment vendor. The software used to communicate with the investment vendor determines the procedures used to transmit the data. Schwab Retirement Technologies does not provide this software. Contact the appropriate vendor. After the trade occurs, the investment vendor transmits a matching ASCII import file confirming the number of units bought or sold, the price, and the dollar value of the units. This procedure is also controlled by the software used to communicate with the investment vendor. 4. Update the order data with the information from the investment vendor by running the appropriate import function for the TDI link being used. 5. Settle the trades through TDI in the Settle Trades application. Actual values of each trade automatically replace the values that were estimated when the trades were ordered. 6. Update the system data with the trade information through the Batch Release application. November 2012 Schwab Retirement Technologies Page 11 of 38

12 Performing Generic Price Import or Trade Export (C170) Important Note: You must import prices before creating the Export file. To perform Generic Price Import or Trade Export, do the following: 1. Open the Generic Price Import/Trade Export application. The Generic Price Import/Trade Export window appears. 2. In the Generic Link field, select the generic TDI link to be used. 3. Under Process Type, select either Import Price or Export Trades. Import Price: a. In the File Name Field, enter the Generic Price Import file name with the complete path. You can browse for the file. After you specify a file name, you can edit the file by clicking Edit Import File. The text editor window appears. November 2012 Schwab Retirement Technologies Page 12 of 38

13 b. Leave the Update Prices check box cleared (the default) to run the function in edit mode. The system produces reports for verification of data. Select the check box to update investment prices in the Investment file. c. Leave the Print Detail check box selected (the default) to produce a detailed listing of data in the import file. d. From the Options menu, select Process or click. Export Trades: a. In the Beginning Date field, leave the default value of the current operating system date (not the current process date) or enter a date. b. Select the Re-Export Orders check box to allow records that are flagged as sent to be sent again to the export file. c. Select the Print Detail check box to produce a listing of data written to the export file. d. Leave the Create Export File check box cleared (the default) to run the function in edit mode. The system produces the reports for verification of data. Select the check box to produce the export file. The appropriate records in the TDI Buy/Sell Order data are flagged as sent when written to the export file. When this check box is selected, the File Name and Browse button are enabled. e. Enter the file name with the complete path of the Generic Trade Export file to be created or you can browse for an existing path. f. From the Options menu, select Process or click. Tip: Use the Report Setup option from the File menu to define print options. November 2012 Schwab Retirement Technologies Page 13 of 38

14 Example Generic Export File: Generic Price Import/Trade Export Field Definitions The following are field definitions for the Generic Price Import/Trade Export application (C170), which control the generic Trade Data Interchange (TDI) function to import price data or export trade data: Generic Link Select the generic link to be used for the import price or export trade function. The Schwab RT Recordkeeping system supports up to twenty-five generic links. Each link can be associated with an investment vendor account number in the System Settings. November 2012 Schwab Retirement Technologies Page 14 of 38

15 Process Type From the Process Type section, you can select either the Import Price or Export Trades option. Select Print Detail to increase the level of detail displayed in reports: Import Price Select the Import Price option to import generic link price data from the investment vendor. Export Trades Important Note: You must import prices before creating the Export File. Select the Export Trades option to export Same Day Settlement trade data. Print Detail Select this check box to print a detailed report that includes a listing of the data from the price and position import file used to update the Investment data. Clear the check box to create a less detailed report. Import Price File Name The File Name field displays the name of the import file received from the investment vendor for the generic import price function. Enter the name and complete import file path in the field. Browse Select Browse to locate an alternate path for the import file. Edit Import File To edit the named import file, click Edit Import File. The text editor window appears. Update Prices Select the Update Prices check box to update investment prices in the Investment data. Clear the check box (the default), to process the generic price import in Edit mode. The reports process without updating prices in the database. Records in the TDI Buy/Sell Order file are identified by the real-time system date for which the records were generated. This is not the process date specified through the Start a New Day application. Example: To enter the date, January 20, 2011, type November 2012 Schwab Retirement Technologies Page 15 of 38

16 Export Trades Beginning Date The Beginning Date field displays the date used by the application when exporting records from the Trade Data Interchange (TDI) Buy/Sell Order data. The system exports all records with a date equal to or greater than the date in this field that have not been flagged as sent. The default for this field is the current operating system date (not the current process date). Re-Export Orders Select the Re-Export Orders check box to allow records to be written to the ASCII export file more than once. The default for this check box is cleared. Note: The purpose of this check box is to prevent transactions from being communicated more than once. When the export function generates the ASCII export file, the records in the TDI Buy/Sell Order data written to the export file are flagged as sent. If an error occurs during the creation of the export file, records in the Order data processed up to the time of the error are flagged as sent. During the next attempt to create the export file, the flagged records are not processed again unless the Re-Export Orders check box is selected. Create Export File Clear the Create Export File (the default) to verify report data before processing reports. With the check box cleared, the system runs in Edit mode. Select the check box to process reports for the trades and generate an ASCII export file. Select the Create Export File check box to process reports for the trades and generate the ASCII export file. The appropriate records in the TDI Buy/Sell Order data are flagged as sent when written to the export file. File Name Enter the desired file name and destination path for the export file in the File Name field. Select Browse to select an existing path. November 2012 Schwab Retirement Technologies Page 16 of 38

17 Generic Same Day Settlement (C171) The Generic Same Day Settlement application (C171) is a TDI function that can be used by organizations with a secured agreement with their investment vendor to obtain early transmittal of investment prices. For this TDI link to be useful, you must be able to receive the current day's investment prices from the vendor and update trade orders with the current price before exporting them to the vendor. This results in trades that contain no uncertain components and therefore, can be settled and released on the same day that they were generated. This also updates the system balance for the OPI platform (Voice, Web, and Customer Service Screen). When the investment vendor returns an import file on the following day, the file contains confirmation for already released trades. Performing Generic Same Day Settlement To perform same day settlement, do the following: 1. Open the Generic Same Day Settlement application from the Trade Data Interchange folder. The Generic Same Day Settlement window appears. 2. In the TDI Link field, select the generic TDI link to be used. 3. In the File Name field, enter the Generic Same Day Settlement Import file name with the complete path. You can browse for the file by clicking Browse. After you specify a file name, you can edit the file by clicking Edit Import File. The text editor window appears. 4. From the Options menu, click Process. November 2012 Schwab Retirement Technologies Page 17 of 38

18 Tip: You can use the Report Setup option from the File menu to define the print options. Generic Same Day Settlement Field Definitions (C171) The following are Field Definitions for the Generic Same Day Settlement application (C171): TDI Link Displays the generic link to be used for import price or export trade function. Schwab RT Recordkeeping supports up to twenty-five generic links. Each link can be associated with an investment vendor account number by statements in the System Settings. File Name Enter the File Name including the full path for the import file. Edit Import File Select Edit Import File to open the import file in a text editing window. Browse With the Create Export File check box cleared, the function runs in Edit mode for verification of data. Select the check box to enable the File Name field and Browse button. The appropriate records in the TDI Buy/Sell Order data are flagged as sent when written to the export file. Release Trades After importing SDE trade information, you must release the associated batches to update participant balances. This step has not been altered in association with this enhancement; it is included in this document so that you will recognize the order in which you must perform it. To access the Release Trades (C013) application, from the Recordkeeping console, select the Daily Processing folder. To access the Batch Release (C023) application, doubleclick Batch Release from the Daily Processing folder. Note: SDE trades are unaffected by this processing step. November 2012 Schwab Retirement Technologies Page 18 of 38

19 Update the Recordkeeping System with Participant OPI Requests To update the Recordkeeping system files with requests made by participants through an OPI platform (Voice, Web, or Customer Service Screen), you must run VRS/OPI Update. This step has not been altered in association with this enhancement; it is included in this document so that you will recognize the order in which you must perform it. To access the VRS/OPI Update, from the Recordkeeping console, select the VRS/OPI Processing folder. Double-click VRS/OPI Update. Perform Daily Processing After running VRS/OPI update, you can resume daily processing, posting contributions, distributions, transfers, loans, and other participant activity. Print Buy/Sell Worksheets By printing Buy/Sell Worksheets, you generate trade orders for the activities that you have just posted. The trade orders reside in the Order data. To access the Buy/Sell Worksheets (CP02), from the Recordkeeping console, select the Daily Processing folder. Double-click Buy/Sell Worksheets. Price and Position Import (C134) The Price and Position Import application (C134) imports trade orders for non-sde funds. The Generic Price and Position Import file includes the account number for each plan to print in the Reconciliation report and the investment CUSIP for all investments that have a price update. The account number for each plan is entered in the Trade Data Interchange database information using the TDI Maintenance application. The application extracts the account numbers from the import file and reads the TDI data to find which plan identifiers correspond to those account numbers. The application then uses the Plan Index to locate all Plan Groups in which the plans are found. Note that the Reconciliation report does not show the units on the system for investment programs. For each Plan Group, the system reads the Balance data from the database to obtain the unit balance for each plan and it opens the Investment data to update prices. If two plans in a Plan Group use the same investment, the price is simply updated twice. Note: If the plan is located in more than one Plan Group, only the plan that comes first in the Plan Index is processed. Because the system uses the Plan Index to locate all Plan Groups that are affected, you need to run the Generic Price and Position Import application only once to update prices and print a Reconciliation report for plans and investments in all Plan Groups. November 2012 Schwab Retirement Technologies Page 19 of 38

20 How to Perform Price and Position Import To perform Generic Price and Position Import, do the following: 1. Open the Generic Price and Position Import application (C134) from the Trade Data Interchange folder. The Price and Position Import window appears. 2. From the TDI Link field, select the generic TDI link to be used. 3. In the File Name field, enter the Generic Price and Position Import file name with the complete path. You can browse for the file. 4. Leave the Print Reconciliation Report check box selected (the default) to print the Reconciliation report. 5. Select the Update Price check box to update the investment prices in the Investment file. 6. Select the Print Detail check box to produce a detailed listing of data imported. 7. Select Consolidate Report to print multiple plans on a single page without page breaks between them. The check box is clear by default so a page break appears between each plan. 8. From the Options menu, select Process or click. Tip: Use the Report Setup option from the File menu to define the print options. November 2012 Schwab Retirement Technologies Page 20 of 38

21 Price and Position Import Field Definitions The following are Field Definitions for the Price and Position Import application (C134): TDI Link Displays the generic link to be used for import price or export trade function. Schwab RT Recordkeeping supports up to twenty-five generic links. Each link can be associated with an investment vendor account number by statements in the Generic TDI System Setting in C282/RK SQL System Maintenance. File Name With the Create Export File check box cleared, the function runs in edit mode for verification of data. The check box enables the File Name and Browse buttons. Enter the complete path for the file name or browse for the file. To edit the file name, click Edit. The appropriate records in the TDI Buy/Sell Order file (Ord.btv) are flagged as sent when written to the export file. Print Reconciliation Report The Print Reconciliation Report check box prints the Reconciliation Report when selected (the default). Update Price Select the Update Price check box to update the investment prices in the Investment file. Print Detail Select the Print Detail check box to produce a detailed listing of the data from the TDI Buy/Sell Order file. This data is written to the ASCII import file. Select Consolidate Report to print multiple plans on a single page without page breaks between them. The check box is clear by default so a page break appears between each plan. November 2012 Schwab Retirement Technologies Page 21 of 38

22 Refreshing the OPI Files To reflect the released trades in participants balances in the OPI platforms (Voice, Web, or Customer Service Screens), you must refresh the OPI files. This step has not been altered in association with this enhancement; it is included in this document so that you will recognize the order in which you must perform it. To access the VRS/OPI Refresh application (C551), from the Recordkeeping console, select the VRS/OPI Processing folder. Double click VRS/OPI Refresh. November 2012 Schwab Retirement Technologies Page 22 of 38

23 Generic Link File Layouts Generic TDI Record Characteristics The following record characteristics apply to all Generic TDI export and import files: File format is ASCII text. Records are in fixed length format with no delimiter between fields. All records terminate with a carriage return/line feed character combination (ASCII Dec 13/10), including header record, trailer record, and the last record. Numeric fields are right justified and padded with nulls. Numeric field sizes include an explicit decimal point if needed. Character fields are left justified and right space filled. Numbers with decimal point may contain leading zeros. November 2012 Schwab Retirement Technologies Page 23 of 38

24 Generic Price Import File Layout (C126) Price Header The header record identifies the trade link for the Price Import file. Field Identifier Length Field Type Field Description Record Type 06 Character Constant: HEADER The trade link identification is 6 characters and must be HEADER. Price Detail The detail records contain the investment prices and daily accrual rates for accrual-based investments. Field Identifier Length Field Type Field Description Investment 15 Character CUSIP or symbol Date 08 Character YYYYMMDD Price 12 Num 5 Dec Investment price Daily Rate 12 Num 9 Dec Daily accrual rate Following is a brief description of the elements in the data records: Investment: The investment CUSIP or identifier used by the investment vendor. Date: The date for which the price is being imported from the investment vendor. Price: The investment price for the current valuation period. Five decimal places. Daily Rate: The daily accrual rate for accrual-based investments as provided by the investment vendor. Nine decimal places. Price Trailer: The trailer record is identified by the word "TRAILER" in the first seven positions. The remaining elements of the trailer record identify the number of records in the import file and the sums of the prices and accruals in the file Field Identifier Length Field Type Field Description Record Type 07 Character Constant: TRAILER Record Count 05 Num 0 Dec Total records in file Price Total 15 Num 5 Dec Sum of detail PRICE field Accrual Total 15 Num 5 Dec Sum of detail ACCRUAL field November 2012 Schwab Retirement Technologies Page 24 of 38

25 Generic Export File Layout (C129) The Header Record: The header record identifies the type of trade link, the account identifier, and the date for which the trades are generated by the system. Field Identifier Length Field Type Field Description Record Type 15 Character Constant: HEADER Administrator 15 Character GENERICnn=n n TP Date 08 Character YYYYYMMDD TP Time 04 Character HHMM The trade link identification (Record Type field) is 15 characters and must be the constant "GENERIC HEADER." The account ID (Administrator field) is the 15-character investment vendor number found in the Generic TDI System Setting. The date must be in YYYYMMDD format. Up to twenty-five generic links, each with its own investment vendor number, can be specified. For a generic TDI link, the statement reads: GENERICnn = n n where nn is the link number and n n is the account identifier. The links are numbered as follows: Link Number System Settings TDI Statement Generic Link 2 GENERIC2=n n Generic Link 8 GENERIC8=n n Generic Link 11 GENERIC11=011 Generic Link 13 GENERIC13=n n Generic Link 14 GENERIC14=n n Generic Link 15 GENERIC15=015 Generic Link 16 GENERIC16=016 Generic Link 18 GENERIC18=018 Generic Link 19 GENERIC19=n n Generic Links GENERIC22 39=n n Example: GENERIC2=12345 for generic link 2 Note: The generic links look to the System Settings in the C282/RK SQL System Maintenance/System Settings/TDI. November 2012 Schwab Retirement Technologies Page 25 of 38

26 Data Records: The detail records contain the buy/sell information used by the investment vendor and by the system. Field Identifier Length Field Type Field Description Administrator 15 Character GENERICn=n n Plan Reference 15 Character Vendor s plan reference Order ID 08 Character System generated CUSIP 15 Character CUSIP or symbol Activity 01 Character B=Buy, S=Sell, X=Exchange, D=Dividend, A=Accrual, Certainty 01 Character D=Dollar, U=Unit Origin 03 Num 0 Dec Code (e.g. Lump Sum=090) Price 12 Num 5 Dec Execution price Cash 15 Num 2 Dec Cash value of transaction Units 15 Num? Dec Investment-determined precision To Investment 15 Character CUSIP of exchange purchase Loaded Units 15 Num? Dec Number of estimated loaded units Advanced Accrual Amount in Class A investment 15 Num 2 Dec Dollar amount advanced for the investment Following is a brief description of the elements in the data records: Administrator: The account identifier assigned by the investment vendor, identified in the TDI System Settings. Plan Reference: Account Field 1-5 identified in TDI Maintenance. Order Identifier: A unique transaction identifier transmitted to and received from the link. Generated by the system. Investment CUSIP or Identifier: The investment identifier used by the investment vendor. Activity: B=Buy, S=Sell, X=Exchange Certainty: D=Dollar, U=Unit. Origin: The origin code of the application that generated the transaction (e.g. lump sum distribution). Price: Execution price. Five decimal places. Cash: Cash value of the transaction. Two decimal places. Units: Number of units traded. Number of decimal places determined by the investment precision. For Class A investments, this number includes both loaded and unloaded units. To Investment: The CUSIP of the investment in which units will be purchased in an exchange. Loaded Units: Total number of estimated loaded units for a Class A investment. If the investment is not Class A, the number of loaded units equals zero. Advanced Accrual Amount: Participants who terminate from the plan can be advanced their accrual income. If the participant's final payout indicator was set to 829 at the time of payout, this field in the export file holds the amount of the advanced income. November 2012 Schwab Retirement Technologies Page 26 of 38

27 The data records in the export file generated by the system contain spaces for the unknown elements of the trade (price and units or dollars). The Trailer Record: The trailer record is identified by the word "TRAILER" in the first seven positions, followed by the 15-character account ID found in the TDI System Settings. The remaining elements of the trailer record identify the number of records in the export file and the certain elements of the trades in the file. Field Identifier Length Field Type Field Description Record Type 07 Character Constant: TRAILER Administrator 15 Character GENERICnn=n n Record Count 08 Num 0 Dec Total records in file Units Bought 21 Num 9 Dec Sum of all units bought Units Sold 21 Num 9 Dec Sum of all units sold Cash Bought 15 Num 2 Dec Sum of cash in purchases Cash Sold 15 Num 2 Dec Sum of all cash in sales Total Load Units 21 Num 9 Dec Sum of all loaded units in Class A investments November 2012 Schwab Retirement Technologies Page 27 of 38

28 Generic Import File Layout (C130) The Header Record The header record identifies the type of trade link, the account identifier, and the date for which the trades were executed by the investment vendor. Field Identifier Length Field Type Field Description Record Type 15 Character Constant: HEADER Administrator 15 Character GENERICnn=n n TP Date 08 Character YYYYMMDD TP Time 04 Character HHMM The trade link identification (Record Type field) is 15 characters and must be "GENERIC HEADER." The account ID (Administrator field) is the 15-character investment vendor number found in the TDI System Settings. The date must be in YYYYMMDD format. Administrator: The account identifier assigned by the investment vendor, identified in the TDI System Settings. Up to twenty-five generic links, each with its own investment vendor number, can be specified. For a generic TDI link, the statement reads: GENERICnn=n n where nn is the link number and n n is the account identifier. The links are numbered as follows: Link Number Generic TDI System Setting Generic Link 2 GENERIC2=n n Generic Link 8 GENERIC8=n n Generic Link 11 GENERIC11=011 Generic Link 13 GENERIC13=n n Generic Link 14 GENERIC14=n n Generic Link 15 GENERIC15=015 Generic Link 16 GENERIC16=016 Generic Link 18 GENERIC18=018 Generic Link 19 GENERIC19=n n Generic Links GENERIC22 39=n n Example: GENERIC2=12345 identifies Generic Link 2 as account ID Note: The generic links look to the System Settings in C282/RK SQL System Maintenance. November 2012 Schwab Retirement Technologies Page 28 of 38

29 Data Records: The detail records contain the buy/sell information used by the investment vendor and by the system. Field Identifier Length Field Type Field Description Administrator 15 Character GENERICnn=n n Plan Reference 15 Character Vendor s plan reference Order ID 08 Character System generated CUSIP 15 Character CUSIP or symbol Activity 01 Character B=Buy, S=Sell, X=Exchange, D=Dividend, A=Accrual, Certainty 01 Character D=Dollar, U=Unit Origin 03 Num 0 Dec Code (e.g. Lump Sum=090) Price 12 Num 5 Dec Execution price Cash 15 Num 2 Dec Cash value of transaction Units 15 Num? Dec Investment-determined precision To Investment 15 Character CUSIP of exchange purchase Allocation Method 03 Num 571=XDATE/PAYDATE 572=Units As of Month End 573=Current Shares Held 574=Shares As of a Date 575=Pending Income XDATE/PAYDATE 01 Num 1-4 Basis Date 08 Character MMDDYYYY Release Income 01 Num 1=Release Pended Income 2=Pend & Release Income Following is a brief description of the elements in the data records: Administrator: The account identifier assigned by the investment vendor, identified in the Generic TDI System Setting. Plan Reference: Account Field 1-5 identified in TDI Maintenance. When importing dividends or accruals, if a plan is specified, the system allocates the amount to that plan. If the plan field is left blank, the system allocates the amount across all plans that include the investment in the attached directory. Order ID: A unique transaction identifier transmitted to and received from the link. Generated by the system. Investment CUSIP or Identifier: The investment identifier used by the investment vendor. Activity: B=Buy, S=Sell, X=Exchange, A=Accrual, D=Dividend. Exchange sales retain the activity code "X" while exchange purchases are assigned activity code "B." When the activity code is "D" (dividend), the system allocates the amount in the "Units" field. The "Cash" field is not required. The system will use the investment's current price if the "Price" field is zero. November 2012 Schwab Retirement Technologies Page 29 of 38

30 When the activity code is "A" (accrual), the system allocates the amount in the "Cash" field using each participant's pending accrual amount as his or her individual basis. Each participant's pending accrual amount will be sent to the allocated amount. Certainty: D=Dollar, U=Unit. Origin: The origin code of the application that generated the transaction (e.g. lump sum distribution). Price: Execution price. Five decimal places. Cash: Cash value of the transaction. Two decimal places. Units: Number of units traded. Number of decimal places determined by the investment precision. To Investment: The CUSIP of the investment in which units will be purchased in an exchange. Allocation Method: This data is used to specify the method for allocating dividends. It will be ignored when processing accruals. XDATE/PAYDATE to Use: This data is used only when importing dividends with an allocation method of 571 (XDATE/PAYDATE). You can specify which of the four paired XDATE/PAYDATE groups (1-4) to use for the basis. Basis Date: This data is used only when importing dividends with an allocation method of 574 (SHARES HELD AS OF A SPECIFIC DATE). You must specify in MMDDYYYY format which date to use as the basis. The system will reconstruct the investment balance for each unit holder as of this date. Release Income: This data is used for allocating accruals for investments with any accrual cycle (both 100:Monthly and 149: User Defined). Valid responses are: 1. Release Pended Income 2. Pend & Release Income Investments with a monthly accrual cycle should always be imported with the option set at 1: Release Pended Income. Investments with a user-defined cycle can be set to either 1 or 2. If the "Release Income" method is 1: Release Pended Income, the system allocates the amount in the "Cash" field of the import file to all participants using each participant's pending amount as an individual basis. The participants' pending accrual amounts will be set to the amount that was allocated. The month-to-date and daily accrual fields are not affected because they were zeroed by the Generic Price Import function when importing the final accrual amount for the month. The allocation process generates prerecorded batches for the accruals. If the "Release Income" method is 2: Pend & Release Income, the system adds each participant's month-to-month accrual amounts to their pending accrual amount and allocates the amount in the "Cash" field of the import file to all participants using each participant's pending amount as an individual basis. The allocation process generates prereconciled batches for the accruals. The participants' pending accrual amounts are set to the amount that was allocated. The month-to-date and daily accrual fields are set to zero and the pending accrual field will remain the amount allocated until the accrual batch is released. The import file received from the trader should contain all elements of the trade. November 2012 Schwab Retirement Technologies Page 30 of 38

31 The Trailer Record: The trailer record is identified by the word "TRAILER" in the first seven positions, followed by the 15-character account ID found in the TDI System Settings. The remaining elements of the trailer record identify the number of records in the export file and the certain elements of the trades in the file. Field Identifier Length Field Type Field Description Record Type 07 Character Constant: TRAILER Administrator 15 Character GENERICnn=n n Record Count 08 Num 0 Dec Total records in file Units Bought 21 Num 9 Dec Sum of all units bought Units Sold 21 Num 9 Dec Sum of all units sold Cash Bought 15 Num 2 Dec Sum of cash in purchases Cash Sold 15 Num 2 Dec Sum of all cash in sales November 2012 Schwab Retirement Technologies Page 31 of 38

32 Generic Price and Position Import File Layouts (C134) Price/Position Header The header record identifies the trade link for the Price and Position Import file. Field Identifier Length Field Type Field Description Record Type 06 Character Constant: HEADER The trade link identification is 6 characters and must be HEADER. Price/Position Detail The detail records contain the investment prices and number of units the investment vendor believes should be held in the plan. Field Identifier Length Field Type Field Description Administrator 15 Character GENERICnn=n n Plan Reference 15 Character Vendor s plan reference CUSIP 15 Character CUSIP or symbol Price 14 Num 5 Dec Investment price Position 15 Num? Dec Variable decimal not used 06 Num 0 Dec not used 11 Num 9 Dec not used 15 Num 2 Dec The following is a brief description of the elements in the data records: Administrator: The account identifier assigned by the investment vendor, identified in the TDI System Settings. Up to twenty-five generic links, each with its own investment vendor number, can be specified. For a generic TDI link, the statement reads: GENERICnn=n n where nn is the link number and n n is the account identifier. The links are numbered as follows: Link Number Generic TDI System Setting Generic Link 2 GENERIC2=n n Generic Link 8 GENERIC8=n n Generic Link 11 GENERIC11=011 Generic Link 13 GENERIC13=n n Generic Link 14 GENERIC14=n n Generic Link 15 GENERIC15=015 Generic Link 16 GENERIC16=016 Generic Link 18 GENERIC18=018 Generic Link 19 GENERIC19=n n Generic Links GENERIC22 39=n n November 2012 Schwab Retirement Technologies Page 32 of 38

33 Example: GENERIC2=12345 for Generic link 2 Note: The generic links look to TDI System Settings. Plan Reference: Account Field 1-5 identified in TDI Maintenance. Investment CUSIP or Identifier: The investment identifier used by the investment vendor. Price: The investment price for the current valuation period. Five decimal places. Position: Number of units of which the investment vendor has record. Number of decimal places determined by the investment precision. Price/Position Trailer: The trailer record is identified by the word "TRAILER" in the first seven positions. The remaining elements of the trailer record identify the number of records in the import file and the sums of the prices and positions in the file Field Identifier Length Field Type Field Description Record Type 07 Character Constant: TRAILER Record Count 05 Num 0 Dec Total records in file Price Total 15 Num 5 Dec Sum of detail PRICE field Position Total 15 Num 5 Dec Sum of detail POSITION field November 2012 Schwab Retirement Technologies Page 33 of 38

34 Generic Price Import and Trade Export File Layouts (C170) Price Import Header The header record identifies the trade link for the Price Import file. Field Identifier Length Field Type Field Description Record Type 06 Character Constant: HEADER The trade link identification is 6 characters and must be HEADER. Import Detail: The detail records contain the trade price, dollars and units in the Import file. Field Name Field Size Field Type Field Description CUSIP # 15 Character CUSIP or symbol Price Date 08 Character Date of same day settlement Price 12 Num 2 Dec Import asset price Rate 12 Num 2 Dec Accrual rate The following is a brief description of the elements in the data records: CUSIP: CUSIP or symbol. Price Date: Date of same day settlement. Price: The investment price for the current valuation period. Five decimal places. Rate: Accrual rate for processing accrual units. Import Trailer: The trailer record is identified by the word, "TRAILER" in the first seven positions. The remaining elements of the trailer record identify the number of records in the import file and the sums of the asset units and accrual units in the file. Field Name Field Size Field Type Field Description Trailer 07 Character Constant: TRAILER Record Count 05 Num 0 Dec Total records in the import file Price Total 15 Num 5 Dec Sum of detail Asset Units Bought Accrual Total 12 Num 2 Dec Total Accrual Units in import file Trade Export Header The header record identifies the trade link for the Trade Export file. Field Identifier Length Field Type Field Description Record Type 14 Character Constant: GENERIC HEADER Administrator 15 Character GENERICnn=n n Process Date 08 Character Date of Same Day Settlement The trade link identification is 14 characters and must be GENERIC HEADER. November 2012 Schwab Retirement Technologies Page 34 of 38

35 Trade Export Detail The detail records contain the purchase/sale assets, and purchase/sale units that are exported through the Trade Export file. Field Identifier Length Field Type Field Description Administrator 15 Character GENERICnn=n n Plan Reference 03 Character Vendor Plan ID Order ID 08 Num 0 Dec Transaction Sale ID Asset CUSIP 15 Character Sale Asset Activity 01 Character B=Buy, S=Sell, X=Exchange, D=Dividend, A=Accrual. Certainty 01 Character D=Dollar, U=Unit Origin 03 Num 0 Dec Code (e.g. Lump Sum=090) Price 12 Num 7 Dec Sale Asset Price Cash 15 Num 2 Dec Cash value of transaction Units 15 Num (varies) Dec Investment-determined position Purchase Assets CUSIP 15 Character Purchase Asset CUSIP Dollar Amount 15 Num 2 Dec Dollar amount to be purchased Order ID 08 Num 0 Dec Purchase Order ID The following is a brief description of the elements in the Export file data records: Administrator: The account identifier assigned by the investment vendor, identified in the TDI System Settings. Plan Reference: Account Field 1-5 identified in TDI Maintenance. Order ID: The investment identifier used by the vendor for the sale transaction. Asset CUSIP: Sale CUSIP or symbol. Activity: B=Buy, S=Sell, X=Exchange, D=Dividend, A=Accrual. Certainty: D=Dollar, U=Unit. Origin: The origin code of the application that generated the transaction (e.g. lump sum distribution). Price: The investment price for the current valuation period. Cash: Cash value of the transaction. Two decimal places. Units: Number of units traded. Number of decimal places determined by the investment precision. For Class A investments, this number includes both loaded and unloaded units. Purchase Asset CUSIP: Trading symbol of the asset to be purchased. Dollar Amount: Purchased asset total. Order ID: Purchase Order identifier used by the vendor. November 2012 Schwab Retirement Technologies Page 35 of 38