In brief – December 14, 2009
SunGard releases cost-basis reporting engine
SunGard has released a cost-basis reporting engine, a tax lot accounting system to support financial services institutions using any back-office system or combination of systems to meet new cost-basis reporting requirements as part of the Emergency Economic Stabilisation Act passed on October 10, 2008. The new legislation requires brokers and financial services providers to report cost basis for transactions involving publicly traded securities and
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