Cost Basis Reporting Engine

SunGard’s Cost Basis Reporting Engine can be integrated with your back-office accounting systems. Fully automated and highly scalable, it calculates buys, sells, corporate actions, wash sales, option assignments and exercises, either in real-time or batch process overnight. The system accepts data from multiple sources to create a consolidated view of tax lot data, then delivers it, along with regular cost-basis updates, recalculation of mutual fund reclassifications and support for Automated Customer Account Transfers (ACATS) to existing advisor and client-facing platforms.

Features

  • Provides accurate cost basis calculations for accounts either intraday or via overnight batch feed
  • Provides independent tools for exception process and reconciliation against the back office
  • Provides flexible integration options that work with the back office
  • Provides tools that allow for cost basis information to be easily integrated into your clients statements and 1099b's
  • Supports the processing of both simple and complex corporate action processing
  • Supports Automated Customer Account Transfers (ACAT)

Benefits

  • Helps ensure compliance with upcoming regulations on cost basis reporting
  • Helps automate the process, helping increase productivity and reduce errors
  • Handles multiple facets of the cost basis reporting process
  • Consolidates information from different sources
  • Helps make reporting easier and more consistent
  • Helps eliminate the risk and cost of building a proprietary solution

Brochures & Datasheets

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