A press release entitled, "Confluence Now Offers Two Ways to Tackle Complex XML Filing Challenge: Free Utility and Comprehensive Automated Solution says, "Confluence, a global leader in investment management data automation, today announced a free utility to help fund administrators comply with the December 7 deadline for filing Form N-MFP, a mandatory requirement of the SEC's new Money Market Mutual Fund Reform Rule (IC-29132). The regulation requires funds to dramatically change the frequency, content and format of their reporting to provide greater transparency to investors. Companies must now submit fund-specific and portfolio-specific information every month using eXtensible Markup Language (XML). The Confluence Form N-MFP Utility is an Excel-based application that produces the XML submission from data inputted manually by the administrator. The utility enables risk control through comprehensive validation and report preview. The tool is available by contacting Confluence at FreeUtility@confluence.com." Scott Powell, Product Manager at Confluence, says, "Since this SEC reporting mandate came at the industry very quickly, we are seeing fund companies at different states of readiness. In response, we developed the Confluence Form N-MFP Utility to help ensure industry-wide compliance. Many are still trying to master the complexities of XML reporting and evaluating technology solutions. Confluence Form N-MFP Utility affords money market fund administrators additional time to evaluate their technology options, while managing the risk associated with preparing filings."

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