Northern Trust Upgrades Custody Reporting

May 5, 2009 ( - Northern Trust has announced expanded reporting capabilities for Correspondent Trust Services custody clients via its online data platform, Passport.

The announcement said the enhancements offer access to the full range of custody information and a variety of tools for sophisticated modeling, analysis and reporting on a single, secure Web portal. The new Correspondent Trust Services Passport is available to bank trust departments, independent trust companies and investment managers that hold assets in custody at Northern Trust and subscribe to trust accounting, investment research, correspondent banking or a number of related correspondent services.

Northern Trust Passport supports personalized, role-based access that allows Correspondent Trust Services clients to see the information they need at a glance and to drill down for the details of account holdings, according to the announcement. Functions include reporting, an inbox for reports, corporate actions and trade status summaries, and other content targeted to this client base. Passport also offers an online inquiry tool to allow for a single source for interactions with Northern Trust.

More information is at .