The Cost Basis Reporting Service (CBRS) system mitigates potential endless paper trails, extra charges, and added operational risk associated with firms manually transferring their cost basis information. The CBRS application extends its automated efficiencies and capabilities to transfer agents, issuers, mutual funds, custodian banks, and broker/dealers to support the transfer of cost basis information from one firm to another for any asset transfer.
On Thursday, May 16, 2024 at 6:00 PM ET, DTCC will be doing a test of our primary and back up communication tools that will be used to communicate certain T+1 updates and will issue TWO test emails. For more information please read the Important Notice.