Markit Launches Tax Utility
Deutsche Bank, HSBC and Morgan Stanley partner with vendor on new tool.
The new tool supports compliance with US Treasury Foreign Account Tax Compliance Act (Fatca) obligations and was designed with the help of Deutsche Bank, HSBC and Morgan Stanley.
Markit's tax utility is part of the London-based vendor's compliance solutions supporting know your customer (KYC) financial regulation and tax and counterparty requirements. The utility is built on top of Markit's Counterparty Manager, a document repository and permissioning mechanism used to get documentation to the
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