Member Account Access  |
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How to Open an Account
Opening your account is simple! Your municipality must pass an ordinance or a resolution authorizing participation in IMET, then complete an IMET Account Application Form and a Redemption Instructions Form. Return the forms and establish an account with an initial investment of $50,000 or more. Each participant may open more than one account.
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How to Invest
Incoming Wire Transfers
The following information must be included on all incoming wire instructions:
- IMET 1-3 Year Fund($50,000 Minimum Initial Purchase)
- Bank Name
- Bank ABA Number
- For Further Credit
- Account Number and Caption
- IMET Convenience Fund($25,000 Minimum Initial Purchase)
- Bank Name
- Bank ABA Number
- Credit Account
- For Further Credit (FFC)
- Attention: Wire Unit/Chicago, IL
To place a purchase, please initiate a transfer from your banking institution and also contact an Operations Desk Representative to notify IMET of an incoming wire. If you prefer, you may fax your notice to ensure timely credit of you investment.
Purchases to the IMET 1-3 Year Fund and to the IMET Convenience Fund may also be made via check or Automated Clearing House (ACH). Please call the IMET office of detailed instructions.
All purchases by wire that are preceded by a telephone call to the Fund before 12:00 Noon Central time on the day of the wire, will be credited that day and are entitled to that day's closing net asset value. Any telephone instruction received after 12:00 Noon Central time will be credited on the following business day. The telephone call to the Fund must identify the amount, the name of the account to be credited, and the IMET account number. If the Fund is not advised of a purchase prior to 12:00 Noon Central Time on the day of the wire, or if federal funds are not received the same day the order is placed, the order will be credited on the following business day.
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Redemptions
Outgoing Wire Instructions
To wire funds from your IMET account, please call 888/288-IMET (4638) with the following information:
- IMET 1-3 Year Fund($50,000 Minimum Initial Purchase)
- Name of Receiving Bank and Location
- Receiving Bank's ABA Number
- Account Number and Name of Account to be Credited at Receiving Bank
- Special Instructions
Redemptions from the IMET 1-3 Year Fund ($10,000 minimum) will be completed in four business days following the order. Participant's redemptions of the IMET 1-3 Year Series will be at the net asset value as of the close of business on the third business day following the day of notification.
Redemptions from the IMET Convenience Fund ($5,000 minimum) that are requested by 12:00 pm Central Time will be completed on the same day. Requests received after 12:00 pm Central Time will be at the net asset value as of the day following notification.
Participants who wish to bring an account to a zero balance should call the IMET Operations Desk at 888/288-IMET (4638) to receive proper instructions.
For protection of the Participants, funds may be wired only to those bank accounts previously designated in the Fund's files. To designate additional bank accounts, please call the Operations Desk at 888/288-IMET (4638) for the necessary forms. Note that neither the Fund nor the Investment Advisor will be responsible for any losses resulting from unauthorized transactions.
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| Related Documents |  Get Adobe Reader |
First Ammended and Restated Declaration of Trust
1-3 Year Fund Investment Policy - September 30, 2008