
CI Ops - SysPlan Review (PAC/AWD/IFE)
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Professional Development
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LearningAnd Development
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14 Slides • 11 Questions
1
Systematic Plans Overview
PAC/AWD/IFE
2023
2
Match
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
3
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
4
Multiple Choice
What is the enforced PAC minimum?
$25
$50
$55
No minimum
5
Multiple Select
PACs cannot be set up on... (Select all that apply)
FEL
ISC
DSC
LL
6
Multiple Choice
Semi-monthly is...
Twice a week
Twice a month
Once every two months
Twice every two months
7
Multiple Choice
Which of the following is not permitted?
Joint banking information
Third-party banking
Corporate banking
Lines of Credit
8
Systematic Plans
3
Set Up Requirements
CI Application Form
CI Pre-Authorized Chequing Agreement Form
LOD/OT
Sun Life E252/F252
Nominee authorization
9
Multiple Select
LOD/OT must be authorized by...
Client
LTA
Dealership
Spouse
10
Presentation Title
4
Currency Rules
CAD$ funds
purchased
from CAD$
bank account
USD$ funds
purchased
from USD$
bank account
If the bank account is a
Canadian Financial Institution
11
Systematic Plan
5
A systematic withdrawal from a CI account
Amount
Fund Directions
Frequency
Payment Method
Start Date/Run Date
12
Multiple Choice
What is the enforced AWD minimum amount?
$25
$50
$55
No minimum
13
Multiple Select
AWDs cannot be set up on which of the following accounts? Select all that apply.
LIRA
RESP
Open
Pension Plan
14
Multiple Choice
AWDs are set up as ___
NET
GROSS
NET of DSC
NET of WHT
15
Presentation Title
6
Set Up Requirements
CI Application Form
LOD/OT
Sun Life E252/F252
Nominee authorization
16
Systematic Plans
7
Frequency
Weekly
Bi-
weekly
17
Multiple Select
What plan types specifically do not permit weekly and bi-weekly frequency? Select all that apply.
RIF
RSP
TFSA
LIF
18
Systematic Plans
8
Rules & Restrictions
RESP, Locked-in Plans, LSIF
USD (however, must be paid in USD)
WHT up to 99%
19
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
20
Systematic Plans
10
A systematic switch between funds
• Large investments divided up and periodic purchases made into volatile funds
Dollar Cost Averaging
F649
F686
21
Systematic Plans
11
Set Up Requirements
LOD/OT
• Edward Jones
• CI
Dollar Cost Averaging Plan Form
Sun Life E252/F252
Nominee authorization
22
Systematic Plans
12
Information Required
Amount
Fund Directions
Frequency
Start Date/Run Date
23
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
24
Systematic Plans
14
Not permitted
Between RIF/LIF accounts
On LSIF funds
• Only on same fund, between two accounts
25
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
Systematic Plans Overview
PAC/AWD/IFE
2023
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