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DTCC's Mutual Fund Services Launches New Web Site
Media Advisory
New York, NY, September 16, 2004 - Inspired by suggestions and the broad interest of its customers, The Depository Trust & Clearing Corporation has redesigned and renamed its Mutual Fund Services Web site. The URL for the new site, which was officially launched today, is http://funds.dtcc.com.
These services, including such established industry processing systems as Fund/SERV® and Networking, are provided by DTCC's National Securities Clearing Corporation (NSCC) subsidiary. The services electronically connect mutual fund companies and their distribution partners, such as broker/dealers and banks, to allow for the rapid, automated and cost-effective processing of mutual fund transactions.
"With a new, modern design, an improved navigation system and an expanded bank of information, we expect that current and future users of our Mutual Fund Services will find the Web site easier to use than the previous site. We've improved on how the information is organized and made the contents much more robust," said Karen Doyle, vice president, Distribution Services, DTCC. Among other features that were recommended by customers and incorporated into the new site are fewer clicks and less scrolling, and a simplified menu.
The site now offers two distinct sections:
- The general section is open to the public and includes product and service descriptions, membership and connectivity requirements, training opportunities, timely news items such as press releases and important notices, and contact information
- The secure section contains all the information users need once the membership and connectivity process is completed. This section includes information on system record layouts, operations manuals and technical documentation. Files will be available in PDF for consistency and improved readability.
Doyle explained that the site was created with scalable architecture so that DTCC can quickly add, modify or move content, continually refreshing the site with up-to-date information.
NSCC provides the following Mutual Fund Services to the industry:
- Fund/SERV
- Networking
- Mutual Fund Profile Service
- Defined Contribution Clearance & Settlement
- Fund/SPEED
- Commission Settlement
- Global Update
- Asset Transfer Services (ACATS-Fund/SERV and Transfer of Retirement Assets)
- Offshore Fund Processing
About DTCC
The Depository Trust & Clearing Corporation (DTCC), through its subsidiaries, provides clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities and over-the-counter derivatives. DTCC's depository also provides custody and asset servicing for more than two million securities issues from the United States and 100 other countries and territories. In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with their distribution networks. DTCC has operating facilities in multiple locations in the United States and overseas. For more information on DTCC, visit www.dtcc.com.
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