Track Down Security's Cost Basis & Its Evolution With The New Worldwide Cost-Basis Service
Cost Basis is the key to calculating your client's capitla gains. You can use the new Worldwide Cost Basis to track:
- Security Evolution
- Security Cost Basis
Worldwide Cost Basis 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.
WCB service has been designed to track both a securitys cost basis, its evolution, and all its descendants cost basis & evolution
up to the current date. Many events can cause changes to the original holding, for example de-mergers and/or distributions will cause
your original booking to be diversified into many other holdings. The WCB service helps you track these changes and their cost, to help
you making better and informed decisions.
This service includes all events that affect cost basis and the number of units.
This initial launch of service only covers Worldwide Equities - Fixed Income will be added later.
For more information,
the WCB Service Overview here.