State Street Continues to Enhance Product Capabilities and Technology.Continuous Advancements Benefit Institutional Investors BOSTON -- State Street Corporation (NYSE NYSE See: New York Stock Exchange :STT STT State Street Corporation (stock symbol) STT Suomen Tietotoimisto (Finnish National News Agency) STT Secure Transaction Technology STT Surface Tension Transfer (welding) ), the world's leading provider of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. to institutional investors, today announced several product and technology enhancements that strengthen its comprehensive online information delivery platform for customers, insurance servicing capabilities, and retirement plan participant system. "State Street's commitment to technological innovation helps our customers to access critical investment information, save time and streamline services for their own customers," said Joseph Antonellis, vice chairman for State Street. "Our understanding of the industry's complexities and the constantly evolving investment process enables us to select the best technology solutions for our customers' needs." Alert Center State Street now offers Alert Center as part of its comprehensive suite of customer applications offered through my.statestreet.com, its integrated online information delivery platform which serves as a secure, single-entry point to a full suite of sophisticated market data and analysis applications. Alert Center enables customers to configure alerts across a variety of financial events and receive targeted, actionable information, such as corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. alerts. Customers can also elect to receive alerts based on operational events such as the availability of data or new reports or documents. Alerts can be requested through multiple delivery channels, including e-mail. The inventory of alerts will continue to expand, increasing depth and breadth across State Street's investment servicing products and evolve to enabling users to define alerts. Unit Value System (UVS UVS Ultraviolet Spectrometer (Galileo instrument) UVS Unabhängiger Verwaltungssenat (Austria) UVS Unmanned Vehicle Systems UVS Ultraviolet-Sensitive (syndrome) ) for Insurance Separate Accounts State Street's Portfolio Accounting System (PAS) for the insurance industry has added the Unit Value System (UVS) to provide 24-hour support for customers with insurance separate accounts which calculate accumulation unit Accumulation Unit 1) In the case of a variable annuity, a measurement of the value invested in the account during the accumulation period of the contract. The more funds you contribute to your annuity account, the more accumulation units you will build. values using the Net Investment Factor Method. This system computes these values daily, retains a historical data repository See repository. for a rolling 13-month period, supports a recalculation re·cal·cu·late tr.v. re·cal·cu·lat·ed, re·cal·cu·lat·ing, re·cal·cu·lates To calculate again, especially in order to eliminate errors or to incorporate additional factors or data. process, and is capable of automatic reconciliations which aid in determining if any aspect of the Unit Value calculation is missing and maintains consistency within different accounting systems. mypenpay.com mypenpay.com, a Web-based tool that provides retired plan participants Plan participants Employees or other beneficiaries who are eligible to receive benefits from a company's employee benefit plan. with direct and secure access to personal payment information and account transactions, has added three new components. Online Tax Forms allow participants to view their 1099R tax form, thus eliminating the need for retirees to contact their benefits administrator for lost forms. Automated Stop and Reissue allows participants to initiate a stop payment on checks that remain outstanding for a minimum amount of days from the payable date as determined by the plan sponsor. Online Check Images provide retirees with the ability to view a front-and-back image of a paid check issued within the prior 18 months. About State Street State Street Corporation is the world's leading specialist in providing institutional investors with investment servicing, investment management and investment research and trading services. With $11.9 trillion in assets under custody and $1.7 trillion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. as of December 31, 2006, State Street operates in 26 countries and more than 100 geographic markets worldwide. For more information, visit State Street's web site at www.statestreet.com. |
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