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FAQs

How do I send the funds to MOSIP for the initial investment? 

How do I withdraw from my account with MOSIP? 

How do I invest my bond proceeds with MOSIP? 

What are my options for transferring funds electronically? 

How do I get an account balance? 

Can I obtain account information online? 

What is arbitrage? 

What are the arbitrage spending requirements for the 6,18, and 24 month exceptions? 

Can I fill out my registration forms online? 

How do we change our wire instructions or authorized representatives for an account? 

Q. How do I send the funds to MOSIP for the initial investment? 

A: Before wiring funds, you must complete and have signed all necessary documentation to open a MOSIP account. Review How To Open an Account. Once we have confirmed to you that your account is open, please notify us of the amount to be sent and the name of the bank sending the funds. Funds should be wired to MOSIP before 1 p.m. Central time.

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Q: How do I withdraw from my account with MOSIP? 

A: You may withdraw funds from any account by (i) initiating a requisition for a wire transfer or ACH transfer on-line, (ii) telephoning 1-877-MY-MOSIP (1-877-696-6747), or (iii) writing a check to a third party, provided you have a MOSIP checking account.
 

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Q:How do I invest my bond proceeds with MOSIP? 

A: Contact a MOSIP representative. Before the closing date, return your completed registration forms with bond documents (Official Statement, Non-Arbitrage Certificate, Closing Memorandum, Trust Indenture, Resolution) via mail or via fax to Client Services (888-535-0120). Once we have confirmed to you that your account is open, funds should be wired to MOSIP before 1 p.m. Central time; please notify us of the amount to be sent and the name of the bank sending the funds.

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Q. What are my options for transferring funds electronically? 

A: There are two options for electronic funds transfer available to MOSIP Investors:

 Same Day Wire Transfer – Funds can be transferred by wire to or from a MOSIP account. For incoming transfers, you must instruct your financial institution to send the funds to MOSIP. For outgoing transfers, the MOSIP client service team will initiate the transfer. In either case, MOSIP must be notified by 1 p.m. Central time in order for the funds to transfer/credit the same day. MOSIP has no service charge or fee for this service.

Next Day Transfer – Next Day Transfer utilizes the Federal Reserve’s Automated Clearing House (ACH) system. Funds are transferred overnight and are available in the designated account the next business day. Requests to transfer funds must be received by MOSIP via phone, fax, or online account access by 3 p.m. Central time. The Next Day Transfer Form must be completed in advance and takes approximately ten (10) business days to process

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Q. How can I check my account balance? 

A. View your account information online or contact a MOSIP representative at 1-877-MY-MOSIP (1-877-696-6747).

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Q. Can I obtain account information online? 

A. Account information is available through the EON Account Access link on this website. If you are a first time user, please submit a Contact Record Form. Once received by MOSIP, please allow two business days for setup before you begin accessing your account information.
 

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Q. What is arbitrage? 

A: Arbitrage is the profit from investing tax-exempt debt financing proceeds in higher yielding taxable securities. These excess earnings must be rebated to the federal government unless certain requirements are met. For further information on arbitrage, click here .

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Q. What are the arbitrage spending requirements for the 6,18, and 24 Month Exceptions? 

A: In order to qualify for exemption from rebate under the 6-month spending exception, all gross proceeds and investment earnings thereon must be spent within 6 months of the issue date.

The 18-month exception requires that all proceeds and investment earnings thereon be spent as follows:

  • 15% within 6 months of the issue date
  • 60% within 12 months of the issue date
  • 100% (less "reasonable retainage") within 18 months of the issue date 

The 24 month exception applies only to construction issues, and requires that all Available Construction Proceeds be spent as follows: 

  • 10% within 6 months of issue date
  • 45% within 12 months of issue date
  • 75% within 18 months of issue date
  • 100% (less "reasonable retainage") within 24 months of issue date 
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Q. Can I fill out my registration forms online? 

A: Yes, you can complete the registration forms online in order to expedite the information delivery. However, you must print the completed forms and have appropriate individuals sign the forms and forward original documents to MOSIP by mail.

Mail Originals to: MOSIP Client Services ▪ c/o PFM Asset Management LLC ▪ PO Box 11760 ▪ Harrisburg, PA 17108-1760.

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Q. How do we change our wire instructions or authorized representatives for an account? 

A: You will need to provide us with written notification of the change. You may complete the registration form for these updates. Please note on the form that this is an update and to amend our current instructions.

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This information is for institutional investor use only, not for further distribution to retail investors, and does not represent an offer to sell or a solicitation of an offer to buy or sell any fund or other security. Investors should consider the investment objectives, risks, charges and expenses before investing in any of the Missouri Securities Investment Program's portfolios. This and other information about the Program's portfolios is available in the Program's current Information Statement, which should be read carefully before investing. A copy of the Information Statement may be obtained by calling 1-877-MY-MOSIP or is available on the Program's website at  www.mosip.org. While the MOSIP Liquid Series seeks to maintain a stable net asset value of $1.00 per share and the MOSIP Term portfolio seeks to achieve a net asset value of $1.00 per share at the stated maturity, it is possible to lose money investing in the Program. An investment in the Program is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Shares of the Program's portfolios are distributed by PFM Fund Distributors, Inc., member Financial Industry Regulatory Authority (FINRA) (www.finra.org) and Securities Investor Protection Corporation (SIPC) (www.sipc.org). PFM Fund Distributors, Inc. is a wholly owned subsidiary of PFM Asset Management LLC.
 



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