SMART W Code Process

SMART W Code Process
A SelectSmart.com Flowchart by eglick
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Process for W-Code Accounts

			Account is a 407 Account. Does client have a 407 letter?
		NO		YES
	New Accounts W/E code		Prompt Reminder given on SMART screen to send 407 letter to Compliance with instruction to W/E code.		Upload 407(b) letter. "Add Document." New Accounts codes the account W or E.

Compliance checks queue daily.	Account populates in W/E code Compliance queue with necessary 407 letter information.				Has the contra firm requested duplicate statements and confirmations?
				YES		NO
	Compliance issues 407(b) letter "A" to contra-firm; compliance sends copy of letter to Imaging to scan into Metaviewer.		New Accounts adds duplicate statements and confirmations.		Compliance checks queue daily.		Account populates in W/E code compliance queue with necessary 407(b) letter information.

	W/E Code Queue: Add notes. Compliance adds the date that the 407(b) letter is sent.		Account populates in W/E code compliance queue with necessary 407(b) letter information.		Compliance checks queue daily.		Compliance issues 407(b) letter "C" to contra-firm; compliance sends copy of letter to Imaging to scan into Metaviewer.

			Compliance issues 407(b) letter "B" to contra-firm; compliance sends copy of letter to Imaging to scan into Metaviewer.				W/E Code Queue: Add notes. Compliance adds the date that the 407(b) letter is sent.

			W/E Code Queue: Add notes. Compliance adds the date that the 407(b) letter is sent.