Networking for Standardized Data Reporting (SDR) is an enhancement to Networking that helps fund companies and insurance carriers better monitor trading frequency and market timing by investors whose transactions are housed in omnibus and super omnibus accounts. These are pools of individual accounts combined into one account, usually in the name of a broker/dealer or other distribution firm. The ability to monitor these activities allows funds to more easily impose redemption fees, if applicable. (See separate fact sheet on Networking.)
Networking for SDR supports the operational needs of fund companies and intermediary firms to comply with SEC Rule 22c-2. It can also be used by insurance carriers and their distribution partners that are required to comply with the rule.
Networking for SDR is accessible via mainframe over DTCC’s SMART connection.
Any interested financial organization that meets NSCC qualifications and is a member of Networking can use the service.
Using the SDR stream within Networking, fund companies and insurance carriers can request and obtain shareholder identity and trading information from firms on two levels:
Please contact DTCC Relationship Management at (212) 855-8877 or Insurance Services at 1 (800) 422-0582.
Last updated April 08, 2010
DTCC's CBRS streamlines the transfer of mutual fund cost basis information when moving assets between fund companies and broker/ dealers.Read More