CBRS


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CBRS

(Citizens Broadband Radio Service) See 3.5 GHz band.
References in periodicals archive ?
Ann Bergin, DTCC managing director and general manager, Wealth Management Services, added "DTCC's ability to leverage the CBRS technology across asset classes brings added value to the markets and allows our clients to better serve their millions of mutual funds investors.
In 2010, DTCC leveraged its existing CBRS platform to build an enhanced technology solution in an effort to help customers comply with legislation that mandates the reporting of cost basis information on equity positions.
DTCC's CBRS platform has provided the industry with a secure and automated standard for transferring this information between financial intermediaries.
Asset Arena Transfer Agency is fully integrated with DTCC's CBRS service which will help our customers meet this critical regulatory requirement in an efficient and cost-effective manner.
Next in the pipeline for CBRS are additional enhancements to help firms comply with future reporting mandates for fixed income and options, expected to take effect in 2013.
We think CBRS provides a significant benefit to investors, and to firms trying to provide high quality customer service for them," Edlyn Meringolo, vice president, DTCC Product Marketing and Development, said.
Initially, 30 brokerage firms who use BETA Systems as their ACATS service provider will use the CBRS.
The addition of the CBRS to the BETA platform clearly will be another significant step in the pursuit of that goal.
Most data is expected to be transferred within two days of the asset transfer settling in ACATS, although cost-basis data would be able to be transferred through CBRS until 10 business days after settlement day.
While the credit profiles of these issuers and any issues outstanding continue to perform within the range of expectations and assumptions incorporated into the original CBRS ratings, successor ratings harmonized with the Standard & Poor's analytical framework will not be assigned at this time.
DTCC has worked closely over the past several months with a broad coalition of market participants to develop the initial business requirements for enhancing CBRS, including hosting an industry steering committee that includes broker/dealers, transfer agents, mutual fund companies and industry organizations such as the Investment Company Institute, the Securities Transfer Association, and the Shareholder Services Association.
The one-notch difference addresses the general ranking of each respective debt type's recovery prospects and is a criteria difference between Standard & Poor's and CBRS analytical approach.