Why you should prioritize providing a withholding tax relief at source service to your customers.
It has been widely claimed that the move to T+1 will reduce the available post-trade processing time by 50%.
However, the Association of Financial Markets in Europe (AFME) estimates a reduction of approximately 83%. Settlements teams will only have two core business hours between the end of the trading window and the start of the settlement window, compared to 12 core business hours under T+2.
This will present challenges for all market participants from sell-side and buy-side institutions through to custodians and fund administrators.
In this e-book we will consider what financial institutions can do to prepare adequately for T+1, focusing on particularly challenging areas, and how these can best be addressed.
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Capital Markets Operations
Our Capital Markets Operations product supports automation and modernization of your post-trade operational processes.
Our Tax Processing product enables end-to-end, automated, operational withholding tax processing capabilities.
Technical expertise, strong product knowledge and an understanding of operational issues are hallmarks of our Configuration Solutions team.
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In the first of our tax operations transformation series, we focus on automating tax documentation management to maximize tax relief at source.
Replacing legacy tech with new automated systems is no easy feat as various challenges arise.