FCATS™ & DCATS™—Foreign & Domestic Corporate Actions Taxability Service
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FCATS™ & DCATS™ - Foreign & Domestic Corporate Actions Taxability Service

  • Accounting for the tax consequences of domestic and foreign corporate actions to the basis of covered securities is now essential to meet the 1099-B and transfer reporting requirements of the cost basis reporting law. Failure to do so accurately can result significant tax penalties.

    FCATS™ & DCATS™ automate delivery of the essential corporate actions tax details you need to adjust the basis of your covered securities to meet the requirements of this law. These solutions combine the deep corporate actions expertise of our dedicated Capital Changes team with the efficiency of our proven GainsKeeper® technology.

    •  FCATS™-Foreign Corporate Actions Taxability Service - FCATS™ provides comprehensive corporate actions taxability coverage of all of your firm's foreign and domestic securities of interest
    •  DCATS™-Domestic Corporate Actions Taxability Service - DCATS™ provides exclusive corporate actions taxability coverage for U.S. exchange traded securities

    Global taxability details-at your fingertips

    • Specify & upload your foreign & domestic Securities of Interest (SOI) into the system
    • Leveraging data from SIX Financial Information and Capital Changes, this service applies a rules-based logic to determine corporate actions taxability
    • Generate daily, corporate actions taxability XML data files to upload into portfolio accounting systems
    • Create custom corporate actions views using multiple search filters, such as effective date, pay date, taxability consequences, CUSIP, ISIN and SEDOL
    • Export custom reports for processing and validating
    • Access the key taxability attributes behind the corporate actions, such as: fair market value (FMV), basis allocations, boot rule or cash consideration details, as well as other relevant tax details affecting basis

    Learn more about the cost basis reporting law.