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CCH Software User Documentation

Data feeds

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Information about Data Feeds.
What are Data Feeds?

Data feeds are not provided by CCH and allow the automatic importing of securities data, (e.g. prices, security history, and complex capital events such as takeover and demergers) into CCH Trust Accounts. Some users do this; others choose not to and set up their securities data manually.

Why would you not subscribe to a Data Feed?

Although a data feed is convenient, the reasons for not subscribing are as follows:

  • Data Feeds are not cheap.
  • The services are slightly orientated towards the UK. So if a security has both a GBP price and a USD price then the software will generally choose the GBP price. This makes it less useful for users outside the UK.
  • If the clients invest in only a small number of securities, it is not too time consuming to update the securities manually.
What Data Feeds are available?

There are two data feeds that run with Trust Accounts:

Both products supply:

  • Security code and name
  • Prices
  • Security history, e.g. dividends, stock dividends, bonuses and rights issues
  • Details of Name Changes
  • Complex capital events, such as takeovers and demergers

There are two forms of the Exshare feed, the Standard feed and the Enhanced feed. The Enhanced feed includes complex capital events; the Standard feed does not. Complex capital events are always included in the Telekurs feed. The coverage is explained in more detail below.

The prices of both data feeds are based on the “service level” (see below) and the number of concurrent users of Trust Accounts, like CCH’s own licensing system. In addition the Exshare feed costs more if you subscribe to the Enhanced feed.

Both data feeds are tailored for CCH. They are the same for SecTAX and Trust Accounts, but cannot be read by the products of other suppliers, even if the other supplier also supports the ‘Exshare data feed’ or ‘the Telekurs data feed’.

Service Levels

For both products you can buy different service levels or “bands”. There are > service levels available. Higher bands contain more securities. For Telekurs they are called:

Band A – UK Only

Includes UK debt, equities and unit trusts.

Band B – UK plus World Select

Band A + components of 26 world indices, incl. DJ Stoxx 50, FTSE Eurotop 100, S&P 100, Nikkei 300.

Band C - European

Band A + components of > European indices. Note that band C is smaller than band B.

Band D - World

Band B plus a wider selection of world indices. This covers about 50,000 securities.

On Exshare the equivalent bands are called L, M, N and P. The Exshare band L is roughly equivalent to the old ‘Extel books’, now called the Securities Taxation CD Service. It covers about 20,000 securities, about the same number as in Telekurs band A. The remaining Exshare bands are larger than their Telekurs equivalents. The largest is Exshare band P which is a huge service covering about 200,000 securities and is much bigger than Telekurs’ band D service.

Differences Between the Data Feeds

There are significant differences between the two data feeds:


The Exshare data is read directly by Trust Accounts. So there is no separate installation involved.

The Telekurs data is read by a separate software package called the Telekurs software. Usually this software is installed on just one workstation.

Method of Delivery

The Exshare feeds are delivered from an SFTP site.

The Telekurs feed is downloaded weekly from an FTP site. There are 5 file types to download. For each file type there are multiple files. The user downloads the files that have not been downloaded in previous runs. The files are unzipped and the Data Feed option within Trust Accounts is run. There is a program that automates this process (TKGET.EXE) but it is sensitive to the environment in which it runs and some users do not use it. Running the Telekurs Data Feed is more complex than running the Exshare feed and more errors can arise, e.g. time-outs. So CCH recommend that it is run by IT personnel.

Security code

The Exshare data feed can be configured to use either the SEDOL code or the ISIN code as the main code identifying securities.

The Telekurs data feed only supports ISIN codes.

The advantage of using SEDOLs is that they may be printed on source documentation such as brokers’ valuations and contract notes. So using SEDOLs can make posting easier. The disadvantage is that there is a charge payable to the London Stock Exchange for using them. This was discussed in more detail in the previous topic.

Security tax status details

The Exshare service comes from the UK and contains data about the UK tax status of securities. The Telekurs service comes from Switzerland and contains no data about the UK tax status. For instance, when a dividend is announced, Exshare supplies both the net amount and the UK tax credit. On Telekurs only the net amount is supplied and the Telekurs software calculates the tax credit. There may be a problem if the software cannot determine correctly if a payment should have a tax credit.

Another example is that the Telekurs data contains no information about whether a stock is chargeable to UK CGT. The Telekurs software assumes that all government bonds are exempt from CGT and that all corporate bonds are chargeable. But this is incorrect for Qualifying Corporate Bonds. The Exshare service supplies this data.

So the Exshare service is more reliable for the UK tax status of securities.


The Exshare data feed supplies monthly prices plus an extra one for 5th April.

The Telekurs data feed supplies weekly prices plus an extra one for 5th April. Some users, who produce monthly accounts, have requested monthly prices on Telekurs as well as the weekly ones. This service is available as an extra chargeable option called the Telekurs “+Plus” service.

Security History

The Exshare data feed includes dividends, stock dividends, accumulation unit dividends, interest payments, bonuses, rights issues and equalisation payments. Details of complex capital events (CCEs) such as takeovers and demergers are only available if the user subscribes to a more expensive version of the data feed called the Enhanced Feed. But even with the Standard Feed, it does include a notification that CCEs have taken place, but without the detail. The user can then run a report, the Corporate Actions Report, which lists the securities which a) are held by at least one client on the system and for which b) a CCE has taken place. The details of the CCE are then obtained from another source and entered manually against the security.

The Interactive Data Feed (aka the Exshare feed) indicates whether a security is a QCB. On 31/10/2014, some additional settings were added to the data feed indicating that a security is a QCB. These additional settings are now recognised when the data feed is run and new securities are added.

The Telekurs data feed includes the same details as the Exshare service except that accumulation unit dividends and equalisation payments are not included, whereas details of CCEs are included as standard. A Telekurs user can run the Complex Capital Events Report. This is like the Corporate Actions Report but shows the details of the CCEs rather than just the notifications that a CCE has taken place.

Shorter Securities List

Some users prefer to keep just the securities they use on their securities list. This reduces the chances of error in selecting securities when several securities have very similar names. With the Exshare feed these users add securities manually filling in just the security code, the name and the currency. When the Exshare feed is next run the other details are completed from the feed.

With the Telekurs feed this is not practical and users must keep all securities supplied on the feed on their securities list.

Period Covered

The Telekurs data goes back to 2001, but it is not reliable before April 2003. Weekly prices are available only from the last 5th April. Before that there are only annual prices for each 5th April. When subscribing to the Exshare feed users can decide how far back they want the data to go. The more data required, the more expensive it is. Most users take the Exshare data from the last 5th April, or the one before. Note that some users request CGT data back to 1982. This is not available from either source. Users requiring this should subscribe to Interactive Data's Securities Taxation Service and re-key events as required into Trust Accounts.


The main advantage of the Telekurs service is that it is available more quickly than Exshare. It also currently has better data on complex capital events. The main advantages of Exshare are that it is easier to load and more reliable for UK tax status data. Prices may also be different, but CCH cannot offer advice on this as they are set by the suppliers.


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