It's Spring and mutual fund breakpoint initiatives are in full bloom at National Securities Clearing Corporation (NSCC) of New York, a subsidiary of the Depository Trust & Clearing Corporation.

NSCC last week announced it had added a capability to its Networking centralized record-keeping system that allows for accounts held directly at a fund company in an investor's name to be identified and communicated to broker/dealers, banks and other fund distributors. That information, on accounts that brokers and other distributors may have not otherwise been aware of, will allow brokers and representatives to better apply for the proper sales charge breakpoint discounts on behalf of clients when investing their money in mutual funds.

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