DST » Topics » Boston Financial Data Services, Inc. ("BFDS")

These excerpts taken from the DST 10-K filed Feb 25, 2009.

Boston Financial Data Services, Inc. ("BFDS")

BFDS, a 50% owned joint venture with State Street, is an important distribution channel for the Company's services and products. BFDS combines use of the Company's proprietary applications and output solutions capabilities with the marketing capabilities and custodial services of State Street to provide full-service and shared-service shareowner accounting and recordkeeping services to approximately 119 U.S. mutual fund companies. BFDS also offers settlement administration services, teleservicing and full-service support for defined contribution plans using the Company's TRAC system and provides REIT participant accounting services. BFDS is the Financial Services Segment's largest customer, accounting for approximately 13.3% of the Segment's operating revenues in 2008.

BFDS's revenues are primarily derived on a per account, number of fund and transaction basis. BFDS also derives revenues from maintaining and managing, as agent for its clients, such bank accounts as necessary for the performance of its services.

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Table of Contents

Boston Financial Data Services, Inc. ("BFDS")

BFDS, a 50% owned joint venture with State Street, is an important distribution channel for the Company's services and products. BFDS combines use of the Company's proprietary applications and output solutions capabilities with the marketing capabilities and custodial services of State Street to provide full-service and shared-service shareowner accounting and recordkeeping services to approximately 119 U.S. mutual fund companies. BFDS also offers settlement administration services, teleservicing and full-service support for defined contribution plans using the Company's TRAC system and provides REIT participant accounting services. BFDS is the Financial Services Segment's largest customer, accounting for approximately 13.3% of the Segment's operating revenues in 2008.

BFDS's revenues are primarily derived on a per account, number of fund and transaction basis. BFDS also derives revenues from maintaining and managing, as agent for its clients, such bank accounts as necessary for the performance of its services.

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Table of Contents

Boston Financial Data Services, Inc. ("BFDS")



BFDS, a 50% owned joint venture with State Street, is an important distribution channel for the Company's services and products. BFDS combines use of
the Company's proprietary applications and output solutions capabilities with the marketing capabilities and custodial services of State Street to provide full-service and shared-service
shareowner accounting and recordkeeping services to approximately 119 U.S. mutual fund companies. BFDS also offers settlement administration services, teleservicing and full-service
support for defined contribution plans using the Company's TRAC system and provides REIT participant accounting services. BFDS is the Financial Services Segment's largest customer, accounting for
approximately 13.3% of the Segment's operating revenues in 2008.



BFDS's
revenues are primarily derived on a per account, number of fund and transaction basis. BFDS also derives revenues from maintaining and managing, as agent for its clients, such bank accounts as
necessary for the performance of its services.



11









NAME="page_di13501_1_12">





































Table of Contents



Boston Financial Data Services, Inc. ("BFDS")



BFDS, a 50% owned joint venture with State Street, is an important distribution channel for the Company's services and products. BFDS combines use of
the Company's proprietary applications and output solutions capabilities with the marketing capabilities and custodial services of State Street to provide full-service and shared-service
shareowner accounting and recordkeeping services to approximately 119 U.S. mutual fund companies. BFDS also offers settlement administration services, teleservicing and full-service
support for defined contribution plans using the Company's TRAC system and provides REIT participant accounting services. BFDS is the Financial Services Segment's largest customer, accounting for
approximately 13.3% of the Segment's operating revenues in 2008.



BFDS's
revenues are primarily derived on a per account, number of fund and transaction basis. BFDS also derives revenues from maintaining and managing, as agent for its clients, such bank accounts as
necessary for the performance of its services.



11









NAME="page_di13501_1_12">





































Table of Contents



These excerpts taken from the DST 10-K filed Feb 26, 2008.

Boston Financial Data Services, Inc. ("BFDS")

BFDS, a 50% owned joint venture with State Street, is an important distribution channel for the Company's services and products. BFDS combines use of the Company's proprietary applications and output solutions capabilities with the marketing capabilities and custodial services of State Street to provide full-service shareowner accounting and recordkeeping services to approximately 119 U.S. mutual fund companies. BFDS also offers settlement administration services, teleservicing and full-service support for defined contribution plans using the Company's TRAC system and provides non-traded REIT participant accounting services. BFDS is the Financial Services Segment's largest customer, accounting for approximately 11.9% of the Segment's operating revenues in 2007.

BFDS's revenues are derived on a per account, number of fund and transaction basis. BFDS also derives revenues from investment earnings related to cash balances maintained in transfer agency bank accounts.


International Mutual Fund / Unit Trust Shareowner Processing

The Company provides international shareholder processing through four joint venture companies of the Company and State Street, which are as follows:

Boston Financial Data Services, Inc. ("BFDS")



BFDS, a 50% owned joint venture with State Street, is an important distribution channel for the Company's services and products. BFDS combines use of the Company's proprietary
applications and
output solutions capabilities with the marketing capabilities and custodial services of State Street to provide full-service shareowner accounting and recordkeeping services to
approximately 119 U.S. mutual fund companies. BFDS also offers settlement administration services, teleservicing and full-service support for defined contribution plans using the Company's
TRAC system and provides non-traded REIT participant accounting services. BFDS is the Financial Services Segment's largest customer, accounting for approximately 11.9% of the Segment's
operating revenues in 2007.



BFDS's
revenues are derived on a per account, number of fund and transaction basis. BFDS also derives revenues from investment earnings related to cash balances maintained in transfer agency bank
accounts.



NAME="dc13801_international_mutual_f__dc102529">


International Mutual Fund / Unit Trust Shareowner Processing




The Company provides international shareholder processing through four joint venture companies of the Company and State Street, which are as follows:



This excerpt taken from the DST 10-K filed Mar 1, 2007.

Boston Financial Data Services, Inc. (“BFDS”)

BFDS, a 50% owned joint venture with State Street, is an important distribution channel for the Company’s services and products. BFDS combines use of the Company’s proprietary applications and output solutions capabilities with the marketing capabilities and custodial services of State Street to provide full-service shareowner accounting and recordkeeping services to approximately 123 U.S. mutual fund companies. BFDS also offers class action administration services, teleservicing (for its current mutual fund clients and typically billed as a separate fee) and full-service support for defined contribution plans using the Company’s TRAC system. BFDS is the Financial Services Segment’s largest customer, accounting for approximately 12.3% of the Segment’s operating revenues in 2006.

BFDS’s revenues are derived on a per account, number of fund and transaction basis. BFDS also derives revenues from investment earnings related to cash balances maintained in transfer agency bank accounts.

This excerpt taken from the DST 10-K filed Mar 7, 2006.

Boston Financial Data Services, Inc. (“BFDS”)

BFDS, a 50% owned joint venture with State Street, is an important distribution channel for the Company’s services and products. BFDS combines use of the Company’s proprietary applications and output solutions capabilities with the marketing capabilities and custodial services of State Street to provide full-service shareowner accounting and recordkeeping services to approximately 131 U.S. mutual fund companies. BFDS also offers class action administration services, teleservicing (for its current mutual fund clients and typically billed as a separate fee) and full-service support for defined contribution plans using the Company’s TRAC system. BFDS is the Financial Services Segment’s largest customer, accounting for approximately 9.3% of the Segment’s operating revenues in 2005.

BFDS’s revenues are derived on a per account, number of fund and transaction basis. BFDS also derives revenues from investment earnings related to cash balances maintained in transfer agency bank accounts.

This excerpt taken from the DST 10-K filed Mar 11, 2005.

Boston Financial Data Services, Inc. (“BFDS”)

BFDS, a 50% owned joint venture with State Street, is an important distribution channel for the Company’s services and products. BFDS combines use of the Company’s proprietary applications and output solutions capabilities with the marketing capabilities and custodial services of State Street to provide full-service shareowner accounting and recordkeeping services to approximately 135 U.S. mutual fund companies. BFDS also offers class action administration services, teleservicing (for its current mutual

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fund clients and typically billed as a separate fee) and full-service support for defined contribution plans using the Company’s TRAC system. BFDS is the Financial Services Segment’s largest customer, accounting for approximately 8.7% of the Segment’s operating revenues in 2004.

BFDS’s revenues are derived on a per account, number of fund and transaction basis. BFDS also derives revenues from investment earnings related to cash balances maintained in transfer agency bank accounts.

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