Exchange Data International launches Worldwide Cost Basis service
Wed, 11/01/2017 - 13:36
Exchange Data International (EDI), a provider of global security corporate actions, reference data and end-of-day pricing, has launched a Worldwide Cost Basis service (WCB).
The WCB service has been designed to enable users to track both a security’s cost basis, its evolution and all its descendant’s cost basis and evolution up to the current date.
The service includes all events that affect cost basis and the number of units. The WCB information is delivered via FTP, either via exchange or on a portfolio basis.
The events covered by the WCB service are: bonus; merger; capital call; return of capital; capital reduction; rights; consolidation; rights (transient); de-merger; security swap; distribution; subdivision; dividend; takeover; and DRIP.
Jonathan Bloch (pictured), CEO of Exchange Data International, says: “EDI has been developing a series of analytical products based on our core data sets of security reference and corporate actions data. We are now pleased to launch Worldwide Cost Basis which will serve as a foundation for any capital gains calculations in any jurisdiction. Without this information, any capital gains tax calculation would be inaccurate as the security could have changed since its purchase.”