The Depository Trust & Clearing Corporation will amend two fund services in order to more accurately track the use of breakpoints, the company announced. In a partnership with NewRiver, the DTCC has become the first organization to address the problems in distribution of breakpoint discounts, which have allegedly not been given out as promised by many companies.

By enhancing both the Fund/SERV and Mutual Fund Profile Service, the DTCC is adhering to the NASD and Industry Task Force recommendations last July to better track breakpoints.

Ann Bergin, managing director of DTCC, said of the changes, "Once implemented, we believe they will provide effective tools to address requirements by making it easier to identify breakpoint opportunities and ensure that investors receive appropriate discounts."

NewRiver, a data and technology firm, said through executive managing director of sales and marketing Jim Wironen that the new team will help "deliver the right solution to the industry."

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