Exchange Data International has entered an agreement to become the exclusive partner for GlobeTax’s withholding tax data and services for use within EDI’s data services. The new service will be available online as part of EDI’s e-Data Suite of products and will “offer a searchable matrix of over 43 million data points of withholding and treaty rate inform-ation, including every permutation type of income, beneficial owner status, residency and year of distribu-tion,” says Jonathan Bloch, EDI’s managing director. It will be targeted at researchers, brokers and custodians needing accurate withholding tax information on real and expected investment income for use within portfolio planning. It then enables clients to use GlobeTax on their behalf to actively recover the tax. GlobeTax processes over 80% of all global tax reclaims on American Depository Receipts on behalf of four out of five of the ADR sponsoring banks for whom it acts as back office provider.
A-Team Insight Blogs
Don’t miss this opportunity to view the recording of this recently held webinar. Despite the compliance deadline of the Fundamental Review of the Trading Book (FRTB) being pushed back to January 2022 by many national regulators, the time to address the data management challenges of the regulation is now. The webinar will discuss key elements of...
Events have overtaken us this week (so to speak), and while we have put tremendous effort into our Data Management Summit this year, it became apparent that due to health and safety concerns in addition to event attendance restrictions for many participants, our live event will no longer be able to go ahead tomorrow. However,...
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.
he US may seem to be ahead of the rest of the world in terms of championing the data management cause with the inclusion of reference data focused items in the Dodd-Frank Act, but Europe is not too far behind. Senior European level officials such as European Central Bank (ECB) president Jean-Claude Trichet have taken...