DTCC helps firms easily transfer cost-basis information

12/8/2011 | Securities Technology Monitor

The Depository Trust & Clearing Corp. upgraded its system for reporting cost-basis information. The Cost Basis Reporting Service allows financial intermediaries to easily transfer investor account information from one company to another. Mutual fund companies will be required, starting Jan. 1, to monitor and report to the Internal Revenue Service and investors the costs of mutual fund transactions.

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