Overview

GTRS

Class Actions

GQI

e-Reclaim

GOAL TaxBack

DMS

Customised Software

GTRS

GTRS is used by several major Global Custodians and Private Banks. GTRS was initially released in 1992 and has been continually enhanced and upgraded since then, making it the market leader in its field. GTRS is a modular system that can be tailored to meet clients’ specific needs from a core system for printing forms, to a highly sophisticated system requiring very little manual intervention. Comprised of four main components – Tax Calculation Engine, Forms Generator, Tracking and Reporting system and full Straight Through Processing (STP) Integration – the capabilities of GTRS guarantee efficiency and increased productivity, ensuring beneficial owners receive reclaims within the optimum timeframe.

GOAL’s Tax Calculation Engine extracts the primary data from a Dividend or Interest Payment Event and, together with the appropriate Foreign Tax Treaty rates creates the correct reclaim amount for that event. When you add in the client and stock variations you have over 900,000 combinations to choose from. This alone presents a complex problem but when you add to this changing rates (GTRS has over 15 years of historic tax treaty information available) and new countries the situation becomes a manual processing nightmare.

Our Forms Generator recognises which forms and accompanying documentation to print based on a series of pre-populated parameters, ensuring the appropriate form with the correct output is created every time. Electronic submissions are also fully supported for those markets that have moved to an automated technology.

Our Tracking and Reporting capability provides a vital component in effective portfolio management. GTRS can produce reports and statistical data on all reclaims and their status, either through a suite of pre-defined reports or through user-defined reports which can be exported into Excel spreadsheets.

Straight Through Processing is achieved through an open systems architecture ensuring full integration to back office systems. Standard file importing is used to seamlessly integrate GTRS with your back office system using definitive data mapping to map the data from your system to the GTRS system. GTRS can accommodate generation of cash entries when refunds are received, either by receipting within GTRS and generating cash entries across your mainframe, or by receipting in your mainframe and synchronising with GTRS. We also accommodate charges for fees and commissions for reclaim processing, whether on reclaim generation or reclaim receipt, and via a variety of different charging structures.