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Guide: Payment Statements

Payment Statements can be accessed by navigating to https://connect.globetax.com/reports/payment-statements.

Clicking on the Statement Name will download the Excel file:

Field Guide

The following fields are included on the report:

1	FINANCIAL INSTITUTION	The financial institution where the dividend was received
2	BENEFICIAL OWNER LEGAL NAME	The end-recipient of cross-border investment income and associated tax entitlements
3	BENEFICIAL OWNER CODE	GlobeTax’s internal identifier of the unique beneficial owner
4	GROUP CODE	Identifier used to group beneficial owner accounts together, representing a specific client relationship
5	ACCOUNT	The account number associated with the financial institution
6	SECURITY NUMBER	The security identifier (CUSIP, ISIN, or SEDOL) for the event
7	TRANSACTION	The unique identifier for the income payment
8	ITEM CODE	GlobeTax’s internal identifier for the item
9	SECURITY NAME
10	PAYABLE DATE	Event Pay Date in MM/DD/YYYY format
11	COUNTRY	Country of Issuance for the security
12	CURRENCY	Currency applicable to the Gross, Net, Tax Withholding, Reclaim Amount (CCY), and Market Fee
13	SHARES	The number of shares on which the reclaim is paid. Valid data: whole numbers
14	DIVIDEND RATE	Dollar amount paid per share
15	GROSS DIVIDEND	Gross dividend amount paid by the issuer to the beneficial owner
16	NET DIVIDEND	Net Dividend amount paid by the issuer to the beneficial owner after tax has been withheld
17	TAX WITHHOLDING	Tax amount withheld by the issuer or issuer’s agent upon payment of the dividend
18	TAX WITHHOLDING RATE	Percentage of tax withheld from Gross Dividend
19	OMNIBUS ACCOUNT
20	APPLICATION	GlobeTax’s internal identifier for the application the item is part of
21	RECLAIM AMOUNT (CCY)	Reclaim amount in local currency
22	MARKET FEE
23	PAYMENT CURRENCY
24	FX RATE
25	RECLAIM AMOUNT (LOCAL)
26	DEPOSITARY FEE
27	MISCELLANEOUS FEE
28	FOREIGN FEE
29	ACCOUNT FEE
30	GLOBETAX FEE DEDUCTED
31	NET RECLAIM
32	GLOBETAX FEE INVOICED
33	FOREIGN FEE (PREPAID)
34	ISIN
35	PAYMENT METHOD
36	BANK NAME
37	BANK ACCOUNT

FAQ

Why would there be multiple lines for the same event?
1. When filing a reclaim for a transparent entity, such as a partnership or trust, the reclaims often have to be filed at the partner or beneficiary level. We provide the details at the beneficial owner level.
How do I change payment details?
1. Please contact us to modify wire or bank instructions https://globetax.atlassian.net/servicedesk/customer/portal/15
How did we come to this figure (or something along these lines),
1. When the TA will issue funds to GlobeTax, we deduct our fee, and any depositary fees, and wire the net payment to the financial institution. In a limited number of markets, the financial institution will be paid directly, and GlobeTax will invoice for our fee.
I have already received a payment for this event, and the reclaim amount differs from the current amount.
1. This could stem from our team receiving documentation for additional investors, or shares that could be filed at the exempt rate, effectively allowing us to file for additional entitlements.
What happens if my account closes and there is an outstanding reclaim owed to me?
1. Since GlobeTax will not automatically know when an account has closed, unless we are notified, the payment will be send to the account on file. In most cases the FI will utilize the standing instructions to wire the funds to the new account. We do encourage clients to notify us when accounts close so we can send the proceeds directly to the appropriate account.