GlobeTax Releases Redesigned ESP, Revolutionizing Withholding Tax Claim Submission for the DTCC Participant Community

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Sporting a sleek and user-friendly interface, the re-engineered ESP includes bulk upload options, customizable administration and reporting, and other innovative features.

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We proved our industry leadership when we initially launched ESP. This new iteration reaffirms our commitment to continuous improvement so that we always provide the best possible service.

Globe Tax Services, Inc. (GlobeTax) is proud to announce the release of our completely updated ESP platform, designed to dramatically streamline the claim submission process for the DTCC participant community. Demonstrating the firm’s commitment to creating client-centric products, the new ESP system includes features such as bulk upload and partial submission across all markets, significantly reducing the time and risk involved in securing entitlements for clients. Customizable reporting offers users the ability to sort, filter, and export claim data to Excel, simplifying administration of the tax relief process.

The new ESP is based on feedback gleaned from two years of interviews with DTCC participants. Community requirements and preferences inspired the platform’s design and navigation. Input from DTCC and the U.S. Depositary Banks was similarly crucial, as the system fulfills requirements from sub-custodians and tax authorities to improve efficiency for the entire custody chain.

Brett Lewis, GlobeTax Chief Information Officer and Head of Product and Technology, praised the development, “By centering user experience and leveraging cutting-edge technology, we are deploying a crisp application that makes it easier and safer for users to connect with GlobeTax. They can enjoy enhanced reporting, and, in an industry first, submit claims from different events and DTCC participant accounts in the same upload – features that our power users love.”

Martin Foont, GlobeTax President and CEO, affirmed the sentiments, “We proved our industry leadership when we initially launched ESP. This new iteration reaffirms our commitment to continuous improvement so that we always provide the best possible service.”

The new system will be accessible via the same URL as the current system: https://esp.globetax.com/.

To learn more about GlobeTax’s withholding tax solutions for all members of the global custody chain, please contact Info@GlobeTax.com.

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Dan Truong
@GlobeTax
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