|In 1987, the Internal Revenue Service made it mandatory for brokerage firms and banks to provide street name
information to Master Limited Partnerships (MLPs), so as to enable them to produce K-1 statements for their individual investors.
Wall Street Concepts (WSC) operates as a clearinghouse, identifying master limited partnerships, collecting information from nominees, editing the
information, consolidating the information and distributing it to the Master Limited Partnership.
Monthly CUSIP files are provided as a tool for your firm to update your security master,
ensure cash payments are classified correctly and as a solicitation of transaction activity.
Demographic and transaction activity is edit tested and balanced with on-line error reports.
Nominee account numbers are masked with a WSC account number as a safeguard to Nominee Customer information.
Both Nominees and Partnerships are given web access to view the data.