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New eProbate Service from FT Interactive Data
27 June 2006 - London
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 via www.eprobate.co.uk 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."
About Interactive Data
Interactive Data Corporation (NYSE: IDC) is a leading global provider of financial market data, analytics and related services to financial institutions, active traders and individual investors. The Company’s businesses supply time-sensitive pricing, evaluations, dividend, corporate action and reference data for more than 3.5 million securities traded around the world, including hard-to-value instruments. Many of the world's best-known financial service and software companies subscribe to the Company's services in support of their trading, analysis, portfolio management and valuation activities. Through its businesses, FT Interactive Data, ComStock, CMS BondEdge and eSignal, Interactive Data has approximately 2,200 employees in offices located throughout North America, Europe, Asia and Australia, and is headquartered in Bedford, MA. Pearson plc (NYSE: PSO; LSE: PSON), an international media company, whose businesses include the Financial Times Group, Pearson Education, and the Penguin Group, owns approximately 62 percent of the outstanding common stock of Interactive Data Corporation.
FT Interactive Data provides global securities pricing, evaluations, dividend, corporate action and reference data designed to support financial institutions’ and investment funds' pricing activities, securities operations, research and portfolio management. FT Interactive Data collects, edits, maintains and delivers data on more than 3.5 million securities, including daily evaluations for approximately 2.5 million fixed income and international equity issues. FT Interactive Data specialises in ‘hard-to-value’ instruments and ‘hard-to-get’ information from emerging markets.
Evaluated pricing is provided in the U.S. through FT Interactive Data Corporation and internationally through Interactive Data (Europe) Ltd. and Interactive Data (Australia) Pty Ltd.
For more information, please visit: www.interactivedata.com
For More Information:
Sue Mitchell (European media)
sue.mitchell@interactivedata.com
+44 (0) 20 7825 8076
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