DTCC Connection

May 03, 2010 • DTCC Connection

New Web Page Spotlights Enhanced CBRS

by Craig Donner


NSCC is enhancing CBRS to help market participants comply with a January 2011 mandate requiring the reporting of cost basis information to investors and the federal government, including a requirement that this information be passed among financial intermediaries when assets move from one firm to another.


NSCC has launched a web page on the DTCC website to keep the industry apprised of the latest news and information on the enhanced Cost Basis Reporting Service (CBRS) in preparation for its January 2011 launch.


The new page features an overview of CBRS as well as links to the recently released record layout formats and product fact sheet. The page will serve as a gateway for all information on the service. In the coming months, NSCC will expand coverage to include a section on frequently asked questions (FAQs) and project schematics.


NSCC is enhancing CBRS to help market participants comply with a January 2011 mandate requiring the reporting of cost basis information to investors and the federal govern-ment, including a requirement that this information be passed among financial intermediaries when assets move from one firm to another. While the current version of CBRS allows financial firms to pass customer cost basis information on assets transferred through NSCC’s Automated Customer Account Transfer Service (ACATS), the enhanced service will effectively extend its efficiencies and capabilities to transfer agents, issuers, mutual funds, custodian banks and broker/dealers to move cost basis information – from one financial firm to another – on all assets.


To visit the new CBRS web page, Click Here. @

dtccdotcom