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Issue With Money Market Changes on 10/14

Questions about updating prices or transactions in Fund Manager

Postby B2B_Investing » Tue Oct 18, 2016 9:12 am

Hi Mark,

I am having trouble with T Rowe Price. My Prime Reserve Money Market account was converted to The Government Fund (as were many people last week) When this was done, the brokerage sweep account, which shares this fund, was issued a new CUSIP however this is not a closing transaction to the old fund which has a different CUSIP. I am not clear on how the conversion worked. Do you have any insight?

Jason
B2B_Investing
 
Posts: 196
Joined: Wed Mar 19, 2014 8:44 am

Postby Mark » Tue Oct 18, 2016 9:15 am

Hi Jason,

No, I don't know anything about this. I can say that when you retrieve transactions the account number and CUSIP are what are used to match up incoming transactions with existing investments. You'll just need to look at what they're bringing in, and try to figure things out.
Thanks,
Mark
Fund Manager - Portfolio Management Software
Mark
Site Admin
 
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Joined: Thu Oct 25, 2007 2:24 pm
Location: Chandler, AZ

Postby B2B_Investing » Sun Oct 23, 2016 5:14 am

Hi Mark,

It seems to have cleared itself up. TRP used some sort of additional, temporary symbol as part of the conversion efforts. It duplicated the value of the sweep account and then canceled itself out later in the week. Thanks.

Jason
B2B_Investing
 
Posts: 196
Joined: Wed Mar 19, 2014 8:44 am


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