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R.R. Donnelley Financial Launches Municipal Securities Disclosure Archive

Strategic Insights

— 1 min read

R.R. Donnelley Financial, an international printing and information management services unit of R.R. Donnelley & Sons Company, has introduced a new service called the Municipal Securities Disclosure Archive. This Internet-based document repository aims to optimize access to municipal securities information required under the November 1994 amendments to Rule 15c2-12 of the Securities and Exchange Commission (SEC). The Archive will store official statements, annual financial information, audited financial information, and notices of 11 material events mandated to be filed by municipal bond issuers.

Key Takeaways:

  • The Municipal Securities Disclosure Archive is an Internet-based document repository designed to optimize access to municipal securities information required under the SEC's Rule 15c2-12 amendments.
  • The Archive will store official statements, annual financial information, audited financial information, and notices of 11 material events mandated to be filed by municipal bond issuers.
  • Primary users of the Archive will be Nationally Recognized Municipal Securities Information Repositories (NRMSIRs), which will add value to the library's documents by providing analysis and proxy reviews before supplying them to clients.
  • R.R. Donnelley Financial's technology architecture for the Archive is based on private-Internet services and leading document conversion and management tools, ensuring data encryption and secure access for subscribers.
  • The Archive will offer four levels of information services, including ArcView, ArcSearch, ArcWrite, and ArcLink, catering to different user needs and functionalities.
  • R.R. Donnelley Financial has over 15 years of experience in the financial industry and an advanced technology infrastructure to manage complex financial information in print and electronic formats.
  • The Archive will go into full operation on July 3, 1995, and will expand to accommodate annual reporting requirements by January 1, 1996.

Statistics:

  • Over 175,000 bond issuers will be required to report under the SEC's Rule 15c2-12 amendments.
  • The Archive will store a vast amount of financial information, including official statements, annual financial reports, and notices of 11 material events.
  • Primary subscribers to the Archive will be NRMSIRs who evaluate municipal bond issues and provide analytical reports and services to broker/dealers, underwriters, traders, and other industry participants.
  • R.R. Donnelley Financial will demonstrate the Archive at a meeting in New York on Thursday, April 6.

Sources:

  • [Source 1] Business Wire (March 23, 1995)
  • [Source 2] Securities and Exchange Commission (SEC)
  • [Source 3] R.R. Donnelley Financial Press Release (March 23, 1995)

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