Survey Questions
Please note: Comments may be added to any question.
We encourage your feedback even if you have not finalized your plans regarding cost basis implementation.
1) What is your current level of basis support?
2) How do you propose to let your clients make cost basis changes going forward?
3) How do you think your operational staffing needs will change in order to ensure cost basis integrity?
4) Given the phased implementation schedule for covered securities, what will you prepare for between now and January 1, 2011?
5) Are you planning on a complete in-house solution or will you be using third party Cost Basis support?
6) What areas of preparation are you running into issues with as a result of the IRS not releasing
final regulations on Cost Basis yet? Check all that apply:
Please discuss any other areas of concern you have:
7) In man days, what are you current estimates of the implementation workload to meet the 1/1/2011 deadline?
Please discuss what is included in your estimate (e.g., development, testing, training, etc.):
8) How much time are you estimating for testing once development is complete?
9) Where are you in the planning process for this initiative?
10) Who is the business sponsor of this initiative at your firm (e.g., C-Level, SVP, VP, Managing Director, etc.)?
11) What department or departments are currently involved in the process?
12) Have you any suggestions or thoughts on ways to reduce the workload or facilitate the implementation for your firm or for the industry?
