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.
We continue to improve the ETF Client Business Requirements for Options Clearing Connect resource with your input. Download the latest resource from the Options Clearing Connect section of the ETF Release section of the Learning Center.