Step up inherited basis tracking

After a client inherits fixed income securities, tracking stepped up basis and interest accrued from the last coupon date up to the date of death (DOD) occurs. Tracking these calculations can be tedious and time consuming. Also, because many traditional outsourcing channels may not retrieve full stepped up basis data, the resulting basis gaps often require significant data chasing and manual reconciliations.

BasisPro Inheritance is a fully automated fixed income batch processing service that can quickly and accurately calculate, track and report fixed income inheritance basis and accrued interest calculations for most fixed income securities. It eliminates the challenges associated with missing or inaccurate fixed income calculations and DOD basis information by using advanced technology that rebuilds cost basis.

BasisPro Inheritance provides calculations for a wide range of fixed income securities including:

  • Government bond
  • Corporate bonds
  • Municipal bonds

BasisPro Inheritance also covers bond subtypes including:

  • Simple bonds
  • Paydowns
  • Partial calls
  • Variable rates
  • Strips

Frequently asked questions

  • Q1. What is BasisPro® Inheritance?
    BasisPro® Inheritance is a solution designed to support fixed income inheritance basis calculations through automated batch processing. It helps institutions manage complex inheritance related basis adjustments and accrued interest calculations for fixed income securities.
  • Q2. What types of calculations does BasisPro® Inheritance perform?
    The solution automates fixed income inheritance basis calculations, including stepped up basis determinations and accrued interest tracking. These calculations are applied across relevant bond types to support consistency and accuracy.
  • Q3. How are calculations delivered?
    BasisPro® Inheritance delivers calculations through batch processing, allowing institutions to efficiently process large volumes of inheritance related data without manual intervention.
  • Q4. Which securities are supported?
    The solution supports a broad range of fixed income securities and bond types, helping institutions manage inheritance basis scenarios across diverse portfolios.
  • Q5. Who benefits from BasisPro® Inheritance?
    Tax teams, operations managers, financial analysts, and compliance managers benefit from BasisPro® Inheritance when managing inheritance related fixed income tax calculations.

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