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Form N-MFP Reporting

The Securities and Exchange Commission's (SEC) Money Market Fund Reform release IC-29132 created substantial reporting challenges for administrators of U.S. money market mutual funds, increasing the frequency of reporting by requiring money market fund securities and holdings data to be published on the company's website and submitted to the SEC within five days of the end of each month. The release also requires that the data be delivered using the Form N-MFP via eXtensible Markup Language (XML).

Confluence's Form N-MFP solution automates the preparation and filing of the SEC's required XML Form N-MFP and repurposes the same content to create and deliver the require website reporting. As a result, fund administrators can cost effectively meet the securities and holdings reporting requirements of the new rule, while being assured of the accuracy of report data in any delivery channel.

Key Benefits

  • Reduce manual error with an automated end-to-end process of data collection, reporting and filing
  • Increase efficiency with Form N-MFP source content tagging model
  • Ensure monthly filing and publication deadlines are met through an automated workflow

The Securities and Exchange Commission's (SEC) Money Market Fund Reform release IC-29132 created substantial reporting challenges for administrators of U.S. money market mutual funds, increasing the frequency of reporting by requiring money market fund securities and holdings data to be published on the company's website and submitted to the SEC within five days of the end of each month. The release also requires that the data be delivered using the Form N-MFP via eXtensible Markup Language (XML).

Confluence's Form N-MFP solution automates the preparation and filing of the SEC's required XML Form N-MFP and repurposes the same content to create and deliver the require website reporting. As a result, fund administrators can cost effectively meet the securities and holdings reporting requirements of the new rule, while being assured of the accuracy of report data in any delivery channel.

Key Benefits

  • Reduce manual error with an automated end-to-end process of data collection, reporting and filing
  • Increase efficiency with Form N-MFP source content tagging model
  • Ensure monthly filing and publication deadlines are met through an automated workflow

How Form N-MFP Works

The Confluence Form N-MFP solution automates the end-to-end process of report production, including the:

  • Collection of data from upstream sources
  • Creation of required forms and files
  • Confirmation of accuracy
  • Delivery of Form N-MFP to EDGAR and electronic delivery of Web content files, eliminating the risk of error associated with manual processes and spreadsheets