DTCC to enhance breakpoints disclosure

Management intelligence

Simon said the National Securities Clearing Corporation (NSCC), a subsidiary of DTCC, would add new indicators to the FundSERV, Mutual Fund Profile Service (MFPS) to enhance breakpoint application. The enhancements are basically additions of 'data fields' that can be filled out by either the fund company or the distributor to make it easier to track breakpoints.

FundSERV is the securities industry standard for processing and settling investment funds for investment companies, money managers and

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