Modernization Reporting Services Clause Samples
The Modernization Reporting Services clause requires a party to provide regular updates and detailed reports regarding the progress of modernization efforts, such as upgrades to systems, infrastructure, or processes. Typically, this involves submitting periodic status reports, documenting milestones achieved, and highlighting any issues or delays encountered during the modernization project. By mandating structured communication and transparency, this clause ensures that stakeholders remain informed, enabling timely decision-making and effective oversight of modernization activities.
Modernization Reporting Services i. MUIS shall provide the Modernization Reporting Services set forth below to the applicable Trust. Any portion of the Modernization Reporting Services that are performed by a third-party Vendor or cannot be performed but for the performance of certain services by a third-party Vendor are “Vendor Eligible Services” as defined in and contemplated by the Agreement.
ii. MUIS provides the Modernization Service subject to the terms of the Agreement and the following additional terms and conditions:
1. The Trusts are responsible for providing authorization and direction to MUIS with respect to the Modernization Reporting Services. To the extent that MUIS does not have access to information or data relating to a Trust that is necessary for MUIS to provide the Modernization Reporting Services, each Trust shall be responsible for accurately and timely supplying MUIS with such information or data and/or arranging for the provision of such information or data from third parties. Each Trust is responsible for providing in a timely manner any additional information that is reasonably requested by MUIS and that is necessary for MUIS to provide the Modernization Reporting Services. This type of information may include, for example, the identification of any data sourced from third parties; the identification of any securities reported as Miscellaneous; and any Explanatory Notes included in Form N-PORT, Part E.
2. Each Trust is also responsible for promptly notifying MUIS of any errors or other changes in any information previously provided to MUIS, and for resolving any issues or disputes with regulators or self-regulatory organizations arising from such errors or other changes. In addition, each Trust acknowledges that it will be responsible for resolving any disputes with any regulatory authority or self-regulatory organization as to the timing or substance of any filing for which MUIS provides Modernization Reporting Services. With respect to any such issue or dispute, MUIS shall cooperate with the affected Trust by providing information to assist in the resolution of such matter to the extent such resolution involves the Modernization Reporting Services provided hereunder or any information or data used in connection therewith.
3. Each Trust acknowledges that the preparation of the filings or reports by MUIS in connection with the Modernization Reporting Services provided hereunder and the information and data necessary to provide the Modernization Reporting Services...
Modernization Reporting Services. BNY Mellon shall provide the Modernization Reporting Services set forth in this section to the Funds following a full service operating model. This operating model requires BNY Mellon to include the actual filing of the reports as part of the services noted in this section. Modernization Reporting Services are “Vendor Eligible Services” as contemplated in Section 14(b)(iv) of the Agreement. FORM N-PORT. BNY Mellon, subject to the limitations described in this section and its timely receipt of all necessary information related thereto, will, or will cause the Vendor to: (i) collect, aggregate and normalize the data required for the submission of Form N-PORT; (ii) prepare, on a monthly basis, Form N-PORT; and (iii) file Form N-PORT with the SEC. The timely receipt of necessary information referred to above will be determined by mutual agreement of BNY Mellon and the Fund in advance of the preparation of the initial Form N-PORT to be filed under the Agreement. Unless mutually agreed in writing between BNY Mellon and the Fund, BNY Mellon will use the same layout and format for every successive reporting period for Form N-PORT. FORM N-CEN. BNY Mellon, subject to the limitations described in this section and its timely receipt of all necessary information related thereto, will, or will cause the Vendor to: (i) collect, aggregate and normalize the data required for the submission of Form N-CEN; (ii) prepare, on an annual basis, Form N-CEN; and (iii) file Form N-CEN with the SEC. 1 Requires “Typesetting Services” as described herein. The timely receipt of necessary information referred to above will be determined by mutual agreement of BNY Mellon and the Fund in advance of the preparation of the initial Form N-CEN to be filed under this Agreement. Unless mutually agreed in writing between BNY Mellon and the Fund, BNY Mellon will use the same source for obtaining the information and method for performing the required calculations for every successive Form N-CEN. Fixed Income Risk Analytics. BNY Mellon shall calculate the portfolio and security-level risk metrics required within Form N-PORT and Form N-CEN (referenced above). Monthly delivery of a raw data files for SEC reporting purposes (Form N-PORT and N-CEN data requirements). Liquidity Rule Analysis. BNY Mellon shall perform a daily analysis for liquidity classifications and monitor liquidity thresholds per the requirements for Form N-PORT and Form N-CEN (referenced above) and Rule 22e-4. The analysis provided b...
Modernization Reporting Services a) BNYM-AIS shall provide the Modernization Reporting Services set forth in this section to the Fund following a full service operating model. This operating model requires BNYM-AIS to include the actual filing of the reports as part of the services noted in this