0 Shares
DTCC’s MF Info Xchange Adds Two Way Communication and New Notifications Supporting Wide Spectrum of Announcements
New York/London/Hong Kong/Singapore/Sydney, 20 January 2021 ‒ The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that its MF Info Xchange service, the first offering of its kind to standardize communications for the mutual fund industry, has been recently enhanced with additional key capabilities to bring new efficiencies to the mutual fund communication process and meet evolving client needs.
MF Info Xchange centralizes the delivery and receipt of time-critical notifications and alerts, information that has historically been exchanged via fax, email or phone. In 2020, MF Info Xchange delivered hundreds of event types to over 400,000 recipients in real time, including consolidated Dividend/Capital Gain schedules, Interval/Tender Fund transaction schedu