Euroclear to Introduce Online Tax System, DTCC Monitors Late Payments
LONDON - Euroclear Bank Asset Servicing is set to launch an online tax certification system, which is expected to help automate corporate actions tax processing. The first delivery, a quick tax refunds application, is scheduled for later this year, while the full release will be in mid-2010.
Brussels-based Edwin de Pauw, director, single platform and market harmonization product management, and speaker at the CorpActions Europe Securities Operations Forum in London in January, said Euroclear is
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