Broadridge and Interactive Data Expand Relationship to Help Clients Simplify Tax Reporting Processes
Broadridge Financial Solutions and Interactive Data Corporation have announced the introduction of enhanced services that are designed to help clients more efficiently manage their year-end tax information reporting obligations. Broadridge has signed an agreement to integrate Interactive Data Pricing and Reference Data’s reference data for corporate bonds and municipal bonds in Broadridge’s Tax Information Reporting Service (TIRS). Broadridge will use this information as the basis for calculations of original issue discount (OID) amounts and deliver this information directly to its clients. In a separate agreement, Interactive Data Pricing and Reference Data has licensed OID information from Broadridge for distribution via its original issue discount service. Firms using this service will also have direct access to Broadridge’s enhanced TIRS content. According to the company, with this service, Interactive Data’s clients can obtain a broader set of OID data, and have increased visibility into the factors that comprise OID calculations, all in one integrated offering.