A critical element of FATCA compliance is assessing if grandfathered debt securities lose their exempt status as a result of material modifications. FATCA GFD—our FATCA grandfathered debt service, automates targeted coverage of the tax consequences of corporate actions that affect your debt securities of interest (SOI) and assesses whether your debt instruments have lost their FATCA withholding exemption status due to a material modification.
This service combines the deep corporate actions expertise of our dedicated Capital Changes team with the efficiency of our proven GainsKeeper® technology—the solution of choice at blue chip brokerages for cost basis reporting compliance. for [cost basis tax reporting.
Learn more about Wolters Kluwer’s Regulatory Reporting – FATCA Solution which includes a full range of audit tools, the ability to re-run historical reports, and the ability for firms to tailor their own management reporting as required.