Broker/dealers and custodians are key GlobeTax client segments. They serve beneficial owner clients of various tax filing statuses and portfolio compositions, resident in many countries around the world. Our services are tailored to meet the specific needs of this group and integrated seamlessly with any in-house systems that may already be in place.
We understand your needs:
- A fully automated (preferably Straight Through Processing) service
- Relief at source solution
- Including our proprietary EDS Assist® service available to DTC participants
- Availability of branded or white label solutions
- Summary & Detail reporting (both internally and for clients)
- Online access to account history and current status
- Direct credits to client accounts
- Confidence that all reclaims will be identified and successfully recovered
- Confidence that any changes to tax regulations will be adopted immediately
- Dedicated client help lines
GlobeTax Works with…
Broker/dealer clients include a broad range of investors. Broker/dealers also trade for their own accounts and generally hold positions in numerous securities. Clients of such firms, and the firms themselves, expect to realize maximum yields on their holdings. As the processing resources of such firms typically do not include tax reclaim servicing and the extra infrastructure and knowledge applications that tax reclamation entails, an outsource solution to GlobeTax can help them reach their objectives of full portfolio yield.
Custodians hold and service assets held by clients, including asset managers, investment funds, high net worth individuals, endowments, and pension funds, among others. Often, such accounts are of an omnibus structure with beneficial owner detail held at another level. GlobeTax can work with affected parties to bring income and beneficial owner data together, protecting the confidentiality interests of all, in order to prepare and process tax reclaim applications and submit them to overseas tax authorities or their agents.
Automate your withholding tax relief process…
GlobeTax’s outsourcing service is fully automated - all you have to do is send us a simple file on a regular basis, usually once a month. Your files can be sent to us in one of two ways: as a proprietary ASCII text file or over the SWIFT network (if you are a SWIFT User). To send SWIFT messages you must be subscribed to the Tax Reclaim Service Bureau. Click here to Contact Us.