Mutual Fund Services, a division of the National Securities Clearing Corporation of New York, will release a new service called Interactive Inquiry later this month. The service will provide mutual fund distributors and other financial intermediaries with instantaneous client account information in a more efficient manner than ever before, according to Rosalie Jenkins, a spokesperson for the National Securities Clearing Corporation.

Currently, intermediaries can only retrieve client account information either over the phone or via a batch system that means up to 24-hour delays in responses, according to Jenkins. Interactive Inquiry will allow them to retrieve information at any time online.

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