SunGard has created a Cost Basis Reporting Engine for mutual fund and other financial services companies. Compatible with any back-office system, it enables companies to meet the new cost-basis reporting requirements in the Emergency Economic Stabilization Act passed on Oct. 10, 2008.

The system offers a consolidated view of client tax lot data, including corporate actions, option assignment exercise and wash sales, and recalculation of mutual fund reclassifications. While the system is back-office agnostic, it can be used with other SunGard products, including its wealth management, securities processing, transactions and tax-reporting systems.

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