The Depository Trust & Clearing Corp. on Wednesday announced it had significantly reduced the fees it charges for networking shareholder account information between mutual funds and broker/dealers and other distributors.

Beginning Jan. 2, the fee was decreased 40%, bringing the charge to 15 cents for every 100 record. Along with other decreases in fees that apply to clearance, settlement and asset services, DTCC projects that its customers will save $81 million in 2007.

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