High Interest Investment Account (HIIA) Workflow

Follow these steps:

1

Make sure your dealer has a Distribution Agreement in place with B2B Bank.

If you're unsure, contact your dealer head office or B2B Bank's client services at 1.800.263.8349.

2

Access FundSERV as you would for any other transaction.

HIIA transactions are allowed only through FundSERV in nominee or intermediary accounts which can be non-registered or registered.

Intermediary Accounts:

  • If your HIIA is held in a B2B Bank® Dealer Services¹ Investment Account, use one of the following codes as applicable:
    • MRS - B2B Bank Financial Services
    • MSSI - B2B Bank Securities Services
    • MRCC - B2B Bank Intermediary Services
  • Other Intermediaries, check with the particular intermediary to obtain the correct code that should be used.
3

Place your order – either deposit (purchase) or withdrawal (redemption).

The FundSERV code for A Series (with a 25 bps trailer) is BTB 100; for F Series, the code is BTB 101.

Please note that for all initial deposits, you must provide your client with a Client Information Document which outlines some of the important features of the account.

4

Settlement occurs on T+1.

On trade date, orders must be placed before 4:00 p.m. (ET) in order to settle on T+1.

5

Transaction details will be sent to the dealer or intermediary to update the account.

Your client will receive:

  • Statements issued by the dealer or intermediary;
  • T5s (for non-registered accounts) issued by B2B Bank;
  • Contribution receipts (for registered accounts) issued by the dealer or intermediary;
  • T4s (for registered accounts) issued by the dealer or intermediary.

¹B2B Bank® Dealer Services includes B2B Bank® Financial Services Inc. (an MFDA member), B2B Bank® Securities Services Inc. (an IIROC member, Member - Canadian Investor Protection Fund) and B2B Bank® Intermediary Services Inc. (an AMF-regulated dealer operating in Quebec). B2B Bank is a trade-mark used under license.