New service helps identify instruments subject to French and Italian FTTs
Interactive Data Corporation, announced a new service to support the identification of instruments subject to recently implemented French and Italian Financial Transaction Taxes (FTTs).
Financial organisations may be required to determine and collect applicable transaction taxes under the French and Italian FTTs. Interactive Data’s new service is designed to help financial institutions with this process by identifying instruments that may fall within the scope of the French and Italian FTTs.
The Interactive Data service compiles a list of instruments meeting the market capitalisation, location of issuer and other criteria specified in the French and Italian FTTs. This information is updated on a daily basis to reflect instrument level changes and additions, including those arising from corporate actions such as rights issues.