Exchange Data International has signed up to StatRate, a new product from withholding tax specialist GlobeTax, in order to include non-resident statutory withholding tax rate data in its securities master file product. StatRate is GlobeTax’s second reference data product. EDI is already a user of its first, e-TaxData Online (Reference Data Review, June 2005), and according to GlobeTax it is close to announcing a second client for this more established solution. StatRate comprises an electronic data feed delivered to subscribers once a month. It covers 148 countries, for each providing the statutory rate of withholding tax applied by that country to a non-resident individual. It can be imported directly into a corporate actions platform. Jonathan Bloch, CEO and founder of EDI, says it has signed up for StatRate in response to demand from some existing clients. EDI clients have access to both StatRate and e-TaxData Online, which is valuable, says Bloch, because the latter, a web look-up service, enables users to establish whether the non-resident rate delivered in StatRate is modified by a treaty.
A-Team Insight Blogs
The transition away from LIBOR (London Interbank Offered Rate) is well underway, but there remains considerable ambiguity around how the final stages will be executed – especially with regards to benchmark replacements in markets outside the UK. What are the options, where are the uncertainties and what stage have firms reached in their preparations? The...
The GLEIF Foundation partnered with XBRL International and Workiva in June 2020 to publish its annual report in both human and machine-readable Inline XBRL and HTML format, with GLEIF’s LEI embedded into the financial information. It constitutes only the second official business report globally to automatically link the filing entity to its verified LEI reference...
Data Management Summit USA Virtual will explore how sell side and buy side financial institutions are navigating the global crisis and adapting their data strategies to manage in today’s new normal environment.
Welcome to the fifth edition of A-Team Group’s Entity Data Management Handbook, sponsored for the fourth year running by entity data specialist Bureau van Dijk, a Moody’s Analytics Company. The past year has seen a crackdown on corporate responsibility for financial crime – with financial firms facing draconian fines for non-compliance and the very real...