Media Release
New York & London
Date: September 12th 2006
Exchange Data goes live with StatRate
Exchange Data International (EDI), a leading provider of international
securities data, today signed up to GlobeTax’s new StatRate product allowing
EDI to include non-resident statutory withholding tax rate data for over a
hundred markets into its securities master file product. The launch marks the
second product launched by GlobeTax into the market reference data space.
Jonathan Bloch, CEO and founder of EDI said "Together with e-TaxData Online we
now have the most comprehensive withholding tax data suite in the industry
available to EDI clients. Our strategic alliance with GlobeTax gives us both
on-line and data feed capability for withholding rates that we believe is
unique in the industry."
Martin S. Foont, President and CEO of GlobeTax said "StatRate is the
application of our knowledge and pre-eminence in the withholding tax field,
usually used at the back end of the corporate actions process in the form of
tax reclaims. At the front end of corporate actions, financial intermediaries
who make payments to their clients need to know the statutory tax rates for
nonresidents from each market in order to know the default rate of tax to
deduct."
Ross K. McGill, Director of Marketing of GlobeTax said "Typically these rates
are either aggregated by hand using a custody network or by purchasing
expensive desk research.This product benefits the community because (a) its
data is based on real withholding rates applied in each market verified
directly with the tax authorities themselves and (b) its delivered
electronically and removes the need for laborious manual data aggregation."
The launch version of StatRate provides equity statutory rates for
non-resident individuals across 148 markets. Future developments will include
additional markets coverage, beneficial owner types such as corporations and
income types such as interest.
EDI is the premier provider of high quality, accurate and international
securities administration reference data. The company provides back office
solutions and securities data to most of the major brokerage houses, custodians
and data vendors internationally. EDI is a wholly owned subsidiary of
Information Publishing Plc.
GlobeTax is the world’s largest and most successful provider of outsourced
withholding tax services filing over a million reclaims annually for a global
client base. The firm also has market reference data and document management
services and operates the only withholding tax Service Bureau on the SWIFT
network.
FOR MORE INFORMATION FROM EDI PLEASE CONTACT
JENNIFER MASSING
MASSING PR LLC
Tel +1 (917) 293 2405
FOR MORE INFORMATION PLEASE CONTACT
Globe Tax Services Incorporated
90 Broad Street, New York, NY, USA 10004
Tel (212) 747 9100
Fax (212) 747 0029
78 Cannon Street, London, England EC4N 6NQ
Tel +44 (0) 207 618 6692
Fax +44 (0) 207 618 8001
(USA) Len_Lipton@GlobeTax.com
(EMEA/APAC) Ross_McGill@GlobeTax.com
GlobeTax.com