FT Interactive introduces eProbate service
27 June 2006 | 1370 views | 0
Source: Interactive Data
FT Interactive Data, an Interactive Data business (NYSE: IDC) and a leading supplier of financial information to global markets, announced today the launch of its new eProbate service to help clients value UK and international securities for estate administration purposes.
The eProbate service is designed to conform to HM Revenue & Customs (HMRC) requirements for Probate and Inheritance Tax valuations.
eProbate from FT Interactive Data provides a competitively priced, fast and efficient service via a dedicated web server. It features online submission and delivery by email or post. The service includes coverage of UK and international listed securities, as well as unit trusts, and takes into account undistributed dividends and interest.
Anthony Neville, divisional director of FT Interactive Data, said: "In order to correctly administer an estate you need, of course, to value the securities within it. With eProbate the turnaround time for valuations is on average 24 to 48 hours, so the service enables you to quickly complete what is otherwise often an arduous process."
Aimed at stockbrokers, solicitors, private client wealth managers, as well as private individuals, the service has been tested with a number of institutions. A major stockbroking firm already uses FT Interactive Data for its probate work. Stuart Baker, Valuations Manager at Charles Stanley Stockbrokers, commented: "We are requesting probate valuations on a daily basis and, in my opinion, FT Interactive Data has already surpassed its rivals with its new eProbate service. I find it well presented, reliable and the speed of turnaround is outstanding."