DTCC Announces New Service for Mutual Fund Industry

The Depository Trust & Clearing Corporation announced it will launch a new, on demand, real time, centralized communications service for the mutual fund industry by the end of 2018, the first service of its kind from DTCC’s Wealth Management Services (WMS) division. MF Info Xchange will facilitate and centralize the delivery and receipt of time-critical mutual fund notifications including corporate actions, service disruptions and other critical alerts that typically require communications from funds to their intermediary partners. The service features a web interface and provides real-time notifications, with a complete audit trail. MF Info Xchange will automate existing manual processes, reducing risk throughout the communication process. It also includes an event calendar for intermediaries to view date-critical events, upcoming informational events and historical details.