Introduction to Derivatives

The EUFTT functionality has the ability:

• To identify the tax base to be considered on which the FTT is calculated.
• To have a link to specify the tax code or tax type condition at the contract or deal level.
• To understand the logic of residency and issuance principles.
• To identify the contract groups on which FTT needs to be applied.
• To get linked to the core tax framework and calculate the FTT amount.
• To store the FTT amounts along with the local equivalents.