HBOS Employee Equity Solutions has launched an online system for offshore executive share plan administration designed to provide increased visibility, transparency and simplicity in managing share schemes.

HBOS Executive Online Service will allow both plan participants and client administrators to have a real-time view across all aspects of their share schemes - which HBOS claims to be a first for offshore executive share plan administration. This service is designed for companies that operate executive share plans and can be tailored to their individual needs.

With EOS, plan participants should be able to make immediate trading and execution decisions to take advantage of electronic trading strategies and use changes made to their schemes with more control. Client administrators can also assess exposure and performance across all share plans.

This is offered through a controlled access environment with pre-set hierarchy levels that equates to the seniority of users within an organisation.  EOS also facilitates an audit trail and provides both clients and participants online, downloadable reporting capabilities.