Flexible premium arrangement, model 2 (layered order model)

FPR model 2: the layered order model with investment pools and units

Model 2 is intended for larger collective DC arrangements and illiquid or non-platform-tradeable investments. Participants take part via cohort pools in investment pools for which units are issued. The month has three phases: unit administration (T-4 to T+3), steering to fiduciary and LDI manager (T-4), and execution, feedback and payment (T to T+3).

Steps

• T-4PUO and BATrade instruction (5) and preliminary NAV (13); control information (10) to the fiduciary; pension projection (3) to the LDI manager.0054100555b005530001c
• TLDI manager and FM / asset managersExecution on the LDI mandate and the non-LDI portfolios; no SIVI message.
• T+3Broker, BAOrder confirmation (6), final month-end NAV (13) and payment information (14); cash settlement via SWIFT.0054200555b00556
• Event-drivenAsset-management chain → PUOCorporate actions (15) as soon as dividends, rebates or product changes have been processed.00557

Source: Handleiding paragraaf 4.3 en 4.5 (figuren 8 en 9)