Exchange Data International (EDI) Announces Qualified Indices Service for 871(m) Compliance

Amendments to the US Internal Revenue Service (IRS) regulations 871(m) announced in September 2015 and are due to come into effect January 1, 2017.  These changes require dealers to withhold US federal taxes on certain equity linked instruments, including those which reference indices.  IRS guidance notes published on December 2 provide further details on enforcement and administration during the phase in period.

London, 13 December 2016 – To comply with these changes dealers must be able to identify which equity linked instruments are in scope and as part of that determination the IRS has provided a set of criteria for qualified and non-qualified indices as part of 871(m).

Exchange Data International has reviewed the universe of underlying indices for derivatives traded on the full list of exchanges recognised by the IRS.  Index composition, weightings, dividend yields, and rebalancing methodologies for each are analysed against the IRS 871(m) qualified indices definitions allowing each index to be appropriately flagged. 

Jonathan Bloch, CEO of Exchange Data International said, "Dealers require accurate data to meet the January 1,2017 implementation of these new 871(m) regulations.  With over 20 years’ market data experience, and comprehensive databases, EDI is pleased to simplify compliance with quality, reliable data solutions."


About Exchange Data International:
Exchange Data International helps the global financial and investment community make informed decisions through the provision of fast, accurate, timely and affordable data reference services. EDI’s extensive content database includes worldwide equity and fixed income corporate actions, dividends, static reference data, closing prices and shares outstanding, delivered via data feeds and the Internet. The firm covers all major markets with special emphasis on emerging and frontier markets e.g. Africa, Asia, Far East, Latin America and Middle East. EDI is based in London, with offices in New York, India and Morocco. For more information about EDI, please visit http://www.exchange-data.com.

EDI’s African Financial & Economic Data Launches Its 2.0 Version – 3 New Packages Are Introduced

African Financial & Economic Data (AFED) a provider of definitive financial and economic intelligence on Africa and product of Exchange Data International (EDI), announces the release of version 2.0 of its online service.

London, 7 December 2016 – AFED provides subscribers access to a comprehensive suite of Africa’s economic, macro-economic and financial information. In version 2.0, subscribers have more control over the data and a brand-new subscription based, package system is introduced – Country Profile, Sector Focus and Data Hub.

We listened to clients and have made substantial changes to the database. Clients can now subscribe to individual countries or sectors. In addition, the data is available via data feeds. As commodity prices stabilise and economic uncertainty hits the developed world, Africa will become relatively attractive. The AFED database contains the information required to make informed decisions about investments in Africa.” – said Jonathan Bloch CEO of Exchange Data International

Divided in 13 Topics (National Accounts; Government Finance; Money & Banking; Inflation, Prices & Wages; Geography & Environment; Balance of Payments & Trade; Total Debt: Domestic & External; Business & Industry; Resources & Energy; Employment, Income & Poverty; Politics, Government & Society; Population & Health; Education) and with +3,000 key economic indicators, Country Profile provides in-depth coverage for all 54 African economies.

Sector Focus allows users to access economic and financial indicators, on all 54 African economies, for their sector of interest. Subscribers can select from a list of 15 Sectors: Agriculture, Fishing & Farming; Automotive & Transportation; Education; Employment, Income & Poverty; Energy; Environment & Infrastructure; Financial Sector; Governance, Politics and Violence; Health & Pharmaceuticals; Information & Communications Technology (ICT); Manufacturing, Retail & Wholesale; Population; Real Estate, Building & Construction; Trade; Travel & Tourism.
With over 26.5 million data records for over 50,000 key economic and financial indicators, Data Hub contains everything in the database. For ease of use, Data Hub is divided into 7 datasets: Economic Data, Exchange Rates, Interest Rates, Fixed Income, Closing Prices and Calendars (Public Holidays, Economic Calendar and Bond Auctions). Users can query each of the available datasets individually, produce time series analysis, extract the customised reports and easily commingle datasets.
We strive to give our clients the best possible options to make the data selection process as easy as possible. We cover more than 190 sources (divided into local, international, and regional) for easy comparison and analysis. Clients can stay on top of expected and confirmed releases via our economic calendar” - said Ilze Gouws, AFED Project Leader

AFED focuses on local sources and complements the data with carefully selected international ones to provide the highest quality data.  All figures are reported as published by the source leaving subscribers the choice to adjust if required.

For anyone already with, or now seeking, an African footprint, AFED provides direct access to standardised, comprehensive and clear data, derived only from trusted, named sources.

Visit www.africadata.com for more detailed information on the different datasets and request a 1-month free trial.

About African Financial & Economic Data:

African Financial & Economic Data (AFED) is a product of Exchange Data International and provides definitive economic intelligence on Africa. AFED’s unparalleled overview of all 54 African economies provides interested parties in African countries with the detailed financial and economic information they need to make good political, financial, strategic and investment decisions. Learn more at https://www.africadata.com/.


About Exchange Data International:

Exchange Data International helps the global financial and investment community make informed decisions through the provision of fast, accurate, timely and affordable data reference services. EDI’s extensive content database includes worldwide equity and fixed income corporate actions, dividends, static reference data, closing prices and shares outstanding, delivered via data feeds and the Internet. The firm covers all major markets with special emphasis on emerging and frontier markets e.g. Africa, Asia, Far East, Latin America and Middle East. EDI is based in London, with offices in New York, India and Morocco. For more information about EDI, please visit http://www.exchange-data.com.