This learning content will familiarize you with the features and functionality of the Cost Basis Reporting Service (CBRS).
|The CBRS Overview webcasts explain how to perform important CBRS functions. The pdf CBRS User Guide (5.66 MB) is a comprehensive (150+ page) reference guide. For Important Notices, FAQs, Record Layouts and other technical documents, visit the CBRS Documentation section. Log in to view CBRS content in this Learning Center.|
The Cost Basis Reporting Service (CBRS) mitigates potential endless paper trails, added costs and added operational risk associated with firms manually transferring their cost basis information. The previous version of CBRS allowed financial firms to pass customer cost basis information on assets transferred through the National Securities Clearing Corporation (NSCC)'s Automated Customer Account Transfer Service (ACATS).
The enhanced service extends 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. Expand the sections below to learn about CBRS Input Information Flow, Content Types for Input Records, how Asset & Tax Lot Records Form a Package, and some basics about CBRS Processing.
For training about Using CBRS, look for its menu item(s) at left. If you don't see content below, you need to log in to the Learning Center.