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Brief: Marshall & Ilsley Trust selects Xcitek for cost basis processing

04 April 2003  |  2297 views  |  0 Brief: Marshall & Ilsley Trust selects Xcitek for cost basis processing

Marshall & Ilsley (M&I) Trust Company has signed a three year licensing agreement for Xcitek CostBasis (XCB) and will use the software to process cost allocation factors and tax opinions on corporate actions.

Mark Cashion, assistant vice president, M&I Trust Company, says the move to XCB has increased accuracy and timeliness of processing cost basis activity on corporate actions for customers.

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