Kevin Rafferty, president of SunGard's wealth management business, said, "SunGard recognizes the need for a flexible and scalable cost basis reporting solution that will help firms comply with the Emergency Economic Stabilization Act. SunGard's Cost Basis Reporting Engine helps firms to avoid costly development efforts to meet these requirements and provides automatic processing of cost basis information to help make the process seamless and efficient, regardless of the back-office systems the firm may be using." SunGard's Cost Basis Reporting Engine supports tax lot sales methods and provides automatic processing of cost basis calculations including corporate actions, option assignment and exercises and wash sales.