Deutsche Bank Global Transaction Banking. Securities Services. Overview

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Deutsche Bank Global Transaction Banking. Securities Services. Overview"

Transcription

1 Deutsche Bank Global Transaction Banking Direct Securities Services Securities Services Overview

2 Finding the right custodian with a long-term commitment to supporting its clients business is critical for many institutions. Two essential requirements are strong and reliable support in each market and access to timely, relevant and accurate market information. Deutsche Bank, one of the world s largest banks, offers its clients access to a growing domestic custody network which currently covers over 30 securities markets globally. We are dedicated to providing core custody and related services consistently in all markets to exceptional standards as part of our commitment to support our clients success. Comprehensive Securities Services Custody and Clearing Deutsche Bank provides securities custody and clearing services to institutional crossborder and domestic clients worldwide from a global network covering more than 30 securities markets. Deutsche Bank s commitment to the custody and clearing business is demonstrated by the ongoing expansion of our network and our continuous investment in technology. We leverage our knowledge across multiple markets to provide clients with a nimble and efficient custody and clearing service. Services include Clearing Xetra and Equities Central Counterparty (ECCP) in Germany Euronext (through Deutsche Bank Amsterdam) Netting of transactions Automated stock borrowing Collateral management Cash Management Real-time risk monitoring Settlement Turnaround/back-to-back trades Failed-trade management Domestic Securities Lending (where permitted) Depository borrowing and lending Asset Servicing Pre-advices, ex-date, record date, pay date notifications Proxy voting Tax services Safekeeping Residual certificates in dematerialized markets Registration Special instruments, collateral, loan documentation Client Reporting Settlement, failed-trade, transaction reports Funding report Statistical report card Newsflashes, market reports Asset Servicing notifications and confirmations Proxy Voting and Tax reports SWIFT ISO and formats Web-based front-end system db direct Custody Agency Services (selected markets) Paying agent, fiscal agent Collateral agent Foreign Exchange Money Market Cash Management Domestic Fund Services Domestic Fund Services offers a full range of fund services including fund administration, Registrar & Transfer Agency services, trustee services and depositary bank services to investment managers in more than 20 countries in Asia, Europe, the Middle East and Latin America. Our experienced staff, through understanding of regulations and active participation in market initiatives in each location, combined with the breadth of experience and state-of-the-art technology enables us to offer comprehensive and innovative solutions to our clients. We leverage our expertise and technology to extend our fund services to a wide range of fund structures, asset classes and market practices across the regions. Our commitment to the fund services business is demonstrated by the continuing expansion of our services to new geographies and our consistent investment in technology. 2

3 Services include Fund Administration Investment accounting Corporate action Accounting for cash transactions Accounting for capital transactions Securities pricing Portfolio valuation NAV calculation Performance equalization Expense accounting Client reporting Trustee Services Supervising the functions of an investment manager Supervising the third-party service providers like custodian, transfer agent and fund administrator Cash and security reconciliation Portfolio valuation Post-trade compliance monitoring Protection of investor interest Complying with regulations Complying with fund investment guidelines Regulatory reporting Depositary Bank Services Trade settlement Safe keeping of securities and cash Corporate action Cash and security reconciliation Portfolio valuation Post trade compliance monitoring Protection of investor interest Compliance with regulations Compliance fund investment guidelines Regulatory reporting Registrar and Transfer Agency Services Investor transaction processing Investor service centre Allotment/redemption of units Investor register maintenance KYC and AML verification Fund dividend processing Distributor commission processing Investor communication Transaction reconciliation Client reporting Distributor services Transferable Custody Receipts Transferable Custody Receipts (TCRs) represent ownership in the shares of a foreign company trading on a local, domestic stock exchange. They are a way for domestic investors to purchase the securities of foreign companies without having to deal with foreign currencies, set up foreign custody accounts or trade and settle securities on foreign exchanges. Deutsche Bank developed the first TCR, based on the concept of the American Depositary Receipt, in 1995 and has successfully set up TCRs in Argentina, Mexico and most recently Chile, with additional markets in the pipeline. Deutsche Bank sets up the TCR structure and acts as depositary bank, pays the dividends to the TCR investors and assumes a number of other responsibilities in relation to regulators, the stock exchange and TCR investors. The owner of a TCR has the right to obtain the foreign security the receipt represents which could be a stock, bond or ETF. TCRs offer a number of benefits to investors, brokers and the local market as they allow investors to diversify portfolio risk while retaining the value chain of transactions in the local market. Services include Depositary bank Asset servicing Dividend payments and corporate actions Relevant information to the market Tax reporting 3

4 Agency Securities Lending Deutsche Bank operates one of the world s largest non-custodial agency securities lending programs offering institutional clients a comprehensive and efficient service for generating additional return on their fixed income and equity portfolios. The service is operated by one of the most experienced and respected teams in the market; located in London, New York and Frankfurt. Deutsche Bank s program is specifically designed to generate consistent market returns whilst effectively reducing both the administrative burden on clients and minimizing the risks associated with managing repo and lending activity in-house. As the clients agent Deutsche Bank performs all lending and collateral management related functions, provides efficient distribution and settlement of securities and offers full transparency through detailed and easy to use reporting. Clients retain full access to all their securities within the regular settlement periods, ensuring there is no disruption to any of their portfolio management functions. Clients can include assets held with multiple custodians and in different locations, enabling them to receive consistent performance as well as robust risk management across holdings. Risks are effectively managed using a range of proven risk management techniques such as comprehensive borrower indemnifications. As a leading provider of financing and prime brokerage solutions, Deutsche Bank is able to offer integrated financing solutions to clients using a combination of its principal and agency financing services with seamless market coverage and global access. Services include Negotiation and settlement of all lending and collateral transactions Daily reconciliation of positions with custodian Collateral management with daily markto-market Cash collateral investment options Comprehensive indemnities against margin shortfall in case of counterpart insolvency Counterpart and credit risk management Income and revenue payment Transparent and interactive client reporting Benefits Service and Support To ensure we provide effective and comprehensive service support, all our customers are assigned a dedicated client manager. Our client management teams work very closely with local customer service teams to ensure consistency of service and fast turnaround times on all enquiries irrespective of client location. This combination of a dedicated client manager based close to the customer and local service support in each market of appointment ensures that our client managers and local service managers stay in close contact with client requirements and are readily available as escalation points for any issues that may arise. We encourage clients to visit our offices to get a better feel of the local markets, to meet face-to-face with the staff responsible for service delivery and to gain first-hand experience by meeting regulators and market drivers. Global Presence Americas Argentina Brazil Asia China Hong Kong India Indonesia Korea Malaysia Pakistan Philippines Singapore Sri Lanka Taiwan Thailand Vietnam Europe Austria Belgium Czech Republic France Germany Hungary Italy Netherlands Poland Portugal Russia Spain Turkey Middle East United Arab Emirates (Abu Dhabi ADX) (Dubai DFM) (Dubai NASDAQ Dubai) (Saudi Arabia Tadawul) 4

5 Commitment Deutsche Bank has a clear focus on transaction banking products and services worldwide. Domestic Custody Services clients benefit from our continuing program of product and system enhancements coordinated and supported by our regional product development and delivery teams in Frankfurt, London and Singapore. Security and Risk Management The Deutsche Bank name has long been synonymous with security and excellence. The identification, assessment, and mitigation of risk factors are key elements in the Bank s approach to all its businesses, both for clients and internally. This puts Deutsche Bank in a unique position among local and regional custody players we are increasingly seen as a partner of choice for cross-border investors seeking to ensure the safety of their custody assets. Communication Deutsche Bank s Domestic Custody Services is able to communicate in the manner best suited to its clients requirements. SWIFT remains the foremost carrier for transaction and holding information and we have implemented ISO for all messages. In addition, db direct Custody, a web-based front-end system, allows clients to view customized reports across multiple markets. Why Choose Deutsche Bank By using Deutsche Bank, our clients gain access to the experience and expertise of one of the world s leading specialists in financial administration. With a consistent focus on client satisfaction, a worldwide team of dedicated trust and securities experts, a fully integrated global network of offices, and a track record of product innovation, we offer our clients a professional, high quality service. For further information please contact Asia: Americas: Europe: MENA:

6 This brochure is for information purposes only and is designed to serve as a general overview of Deutsche Bank services. The services offered are current as of July 2010 and may be subject to change in the future without notice. This brochure and the general description of the services are in their nature only illustrative and do not therefore contain or cannot result in any obligation or liability (contractual or otherwise) of Deutsche Bank AG or any of its affiliates. The services described in this brochure are provided by Deutsche Bank AG or one of its more appropriately licensed subsidiaries or affiliates in jurisdictions around the world in accordance with appropriate local legislation and regulation. In the United States of America, such services are provided by, amongst others, Deutsche Bank Trust Company Americas. This brochure has been approved and/or communicated by Deutsche Bank AG. In Dubai Deutsche Bank AG Dubai Branch is regulated by the Dubai Financial Services Authority. Financial services are solely directed at professional clients which Deutsche Bank AG Dubai branch is satisfied meet the regulatory criteria as established by the Dubai Financial Services Authority. Copyright July 2010 Deutsche Bank AG. All rights reserved

Deutsche Bank Global Transaction Banking DIRECT SECURITIES SERVICES. Securities Services. Middle East North Africa

Deutsche Bank Global Transaction Banking DIRECT SECURITIES SERVICES. Securities Services. Middle East North Africa Deutsche Bank Global Transaction Banking DIRECT SECURITIES SERVICES Securities Services Middle East North Africa Finding the right custodian with a long-term commitment to supporting its clients business

More information

Citi OpenInvestor. OpenLend. Securities Lending Solutions. Customized Programs to Optimize Portfolio Performance

Citi OpenInvestor. OpenLend. Securities Lending Solutions. Customized Programs to Optimize Portfolio Performance Citi OpenInvestor sm OpenLend sm Securities Lending Solutions Customized Programs to Optimize Portfolio Performance 2 Citi Transaction Services Innovative Solutions for a Sophisticated Market Lending programs

More information

Foreign Taxes Paid and Foreign Source Income INTECH Global Income Managed Volatility Fund

Foreign Taxes Paid and Foreign Source Income INTECH Global Income Managed Volatility Fund Income INTECH Global Income Managed Volatility Fund Australia 0.0066 0.0375 Austria 0.0045 0.0014 Belgium 0.0461 0.0138 Bermuda 0.0000 0.0059 Canada 0.0919 0.0275 Cayman Islands 0.0000 0.0044 China 0.0000

More information

Access the world. with Schwab Global Investing Services

Access the world. with Schwab Global Investing Services Access the world with Schwab Global Investing Services 78% of developed country equity market growth between 2000 and 2012 came from outside the U.S. 1 60% of developed country stock market capitalization

More information

CONSIDERATIONS WHEN CONSTRUCTING A FOREIGN PORTFOLIO: AN ANALYSIS OF ADRs VS ORDINARIES

CONSIDERATIONS WHEN CONSTRUCTING A FOREIGN PORTFOLIO: AN ANALYSIS OF ADRs VS ORDINARIES THE APERIO DIFFERENCE. Authors Michael Branch, CFA Ran Leshem CONSIDERATIONS WHEN CONSTRUCTING A FOREIGN PORTFOLIO: AN ANALYSIS OF ADRs VS ORDINARIES U.S. investors can capture international equity exposure

More information

360 o View of. Global Immigration

360 o View of. Global Immigration 360 o View of Global Immigration In a fast moving global economy, remaining compliant with immigration laws, being informed and in control is more challenging than ever before. We are a globally linked

More information

INTERNATIONAL SECURITIES TRADING NOW YOU CAN INVEST ACROSS THE WORLD

INTERNATIONAL SECURITIES TRADING NOW YOU CAN INVEST ACROSS THE WORLD INTERNATIONAL SECURITIES TRADING NOW YOU CAN INVEST ACROSS THE WORLD YOU ARE WHAT YOU DO INTERNATIONAL SECURITIES TRADING III CONTENTS CONTENTS Welcome Welcome 1 2 Trade international securities with

More information

Reporting practices for domestic and total debt securities

Reporting practices for domestic and total debt securities Last updated: 4 September 2015 Reporting practices for domestic and total debt securities While the BIS debt securities statistics are in principle harmonised with the recommendations in the Handbook on

More information

As an investment manager, you need. to efficiently run back- and middle-office. operations so you can concentrate on your

As an investment manager, you need. to efficiently run back- and middle-office. operations so you can concentrate on your O P E R A T I O N A L A N D C O S T E F F I C I E N C I E S F O R A C O M P E T I T I V E E D G E I n v e s t m e n t O p e r a t i o n s O u t s o u r c i n g F O C U S O N Y O U R C O R E S T R E N G

More information

July 2012 Decoding Global Investment Attitudes

July 2012 Decoding Global Investment Attitudes July 2012 Decoding Global Investment Attitudes Investment decisions and matters of personal wealth vary by gender, age and geographic region Globally, men are 36% more active than women with investments

More information

CHICAGO STOCK EXCHANGE, INC. MARKET REGULATION DEPARTMENT INFORMATION CIRCULAR. RE: ishares CURRENCY HEDGED MSCI ETFS TO BEGIN TRADING ON CHX

CHICAGO STOCK EXCHANGE, INC. MARKET REGULATION DEPARTMENT INFORMATION CIRCULAR. RE: ishares CURRENCY HEDGED MSCI ETFS TO BEGIN TRADING ON CHX July 2, 2015 ETF-015-073 CHICAGO STOCK EXCHANGE, INC. MARKET REGULATION DEPARTMENT INFORMATION CIRCULAR RE: ishares CURRENCY HEDGED MSCI ETFS TO BEGIN TRADING ON CHX Pursuant to Information Circular MR

More information

OCTOBER 2010. Russell-Parametric Cross-Sectional Volatility (CrossVol ) Indexes Construction and Methodology

OCTOBER 2010. Russell-Parametric Cross-Sectional Volatility (CrossVol ) Indexes Construction and Methodology OCTOBER 2010 Russell-Parametric Cross-Sectional Volatility (CrossVol ) Indexes Construction and Methodology SEPTEMBER 2010 Russell-Parametric Cross-Sectional Volatility (CrossVol) Indexes Construction

More information

International Investing get the facts

International Investing get the facts International Investing get the facts How You Can Learn More About Foreign Companies and Markets PRESENTED BY: United States Securities and Exchange Commission Division of Corporation Finance mutual funds

More information

Euroclear UK & Ireland. Becoming a client. What you need to know about the CREST system and how to become a member

Euroclear UK & Ireland. Becoming a client. What you need to know about the CREST system and how to become a member What you need to know about the CREST system and how to become a member Why become a client of? 1 Who can become a client of? 2 How to become a client of 3 How does the CREST system work? 5 Tariff 9 Further

More information

Appendix 1: Full Country Rankings

Appendix 1: Full Country Rankings Appendix 1: Full Country Rankings Below please find the complete rankings of all 75 markets considered in the analysis. Rankings are broken into overall rankings and subsector rankings. Overall Renewable

More information

DSV Air & Sea, Inc. Aerospace Sector. DSV Air & Sea, Inc. Aerospace

DSV Air & Sea, Inc. Aerospace Sector. DSV Air & Sea, Inc. Aerospace DSV Air & Sea, Inc. Aerospace Sector DSV Air & Sea, Inc. Aerospace Introduction to DSV DSV is a global supplier of transport and logistics services. We have offices in more than 70 countries and an international

More information

Software Tax Characterization Helpdesk Quarterly April 2012

Software Tax Characterization Helpdesk Quarterly April 2012 Software Tax Characterization Helpdesk Quarterly April 2012 Characterizing foreign software revenues is a complex challenge for large and small software firms alike. Variations in the rules around the

More information

Corporate Banking. Understanding your Corporate Banking needs in Africa. Search

Corporate Banking. Understanding your Corporate Banking needs in Africa. Search Corporate Banking Understanding your Corporate Banking needs in Africa Contents 3 Working alongside you to power your success 4 Bringing your business a dedicated relationship model 5 A range of services

More information

BT Premium Event Call and Web Rate Card

BT Premium Event Call and Web Rate Card BT Managed Event and BT Self-Managed Event (also referred to as Express, Plus and Premium) Conference Bridge and Call for Booked Audio Conferencing Services will comprise the following for each phone-conference:

More information

World Consumer Income and Expenditure Patterns

World Consumer Income and Expenditure Patterns World Consumer Income and Expenditure Patterns 2014 14th edi tion Euromonitor International Ltd. 60-61 Britton Street, EC1M 5UX TableTypeID: 30010; ITtableID: 22914 Income Algeria Income Algeria Income

More information

How the Foreign Financial Institutions Play a Role in China s Insurance QDII Business

How the Foreign Financial Institutions Play a Role in China s Insurance QDII Business Llinks Asset Management Bulletin October 2012 How the Foreign Financial Institutions Play a Role in China s Insurance QDII Business By Sandra Lu and Lily Luo China Insurance Regulatory Commission ( CIRC

More information

Clearstream Snapshot

Clearstream Snapshot Clearstream Snapshot Clearstream a trusted global name Clearstream is a global leader in post-trade securities services with more than EUR 13 trillion in assets under custody, making us one of the world

More information

TradeCycle. Delivering integrated solutions for OTC derivatives

TradeCycle. Delivering integrated solutions for OTC derivatives TradeCycle Delivering integrated solutions for OTC derivatives TradeCycle 3 Innovation is key in a fast-moving world. Discover the first end-to-end OTC derivatives solution which combines the local experience

More information

THE UK FILM MARKET AS A WHOLE. BFI Research and Statistics PUBLISHED DECEMBER Image: The Lady in the Van courtesy of Sony Pictures

THE UK FILM MARKET AS A WHOLE. BFI Research and Statistics PUBLISHED DECEMBER Image: The Lady in the Van courtesy of Sony Pictures THE UK FILM MARKET AS A WHOLE BFI Research and Statistics PUBLISHED DECEMBER 2015 Image: The Lady in the Van courtesy of Sony Pictures THE UK FILM MARKET AS A WHOLE THE UK WAS THE SECOND LARGEST FILM MARKET

More information

Software Tax Characterization Helpdesk Quarterly June 2008

Software Tax Characterization Helpdesk Quarterly June 2008 & McKenzie Software Tax Characterization Helpdesk Quarterly June 2008 Characterizing foreign software revenues is a complex challenge for large and small software firms alike. Variations in the rules around

More information

CHICAGO STOCK EXCHANGE, INC. MARKET REGULATION DEPARTMENT INFORMATION CIRCULAR

CHICAGO STOCK EXCHANGE, INC. MARKET REGULATION DEPARTMENT INFORMATION CIRCULAR January 23, 2014 ETF-014-011 CHICAGO STOCK EXCHANGE, INC. MARKET REGULATION DEPARTMENT INFORMATION CIRCULAR RE: MARKET VECTORS MSCI ETF S TO BEGIN TRADING ON CHX Pursuant to Information Circular MR 08-16,

More information

Consolidated International Banking Statistics in Japan

Consolidated International Banking Statistics in Japan Total (Transfer Consolidated cross-border claims in all currencies and local claims in non-local currencies Up to and including one year Maturities Over one year up to two years Over two years Public Sector

More information

Emerging Markets Value Stock Fund

Emerging Markets Value Stock Fund SUMMARY PROSPECTUS PRIJX March 1, 2016 T. Rowe Price Emerging Markets Value Stock Fund A fund seeking long-term growth of capital through investments in undervalued stocks of companies in emerging market

More information

Global Effective Tax Rates

Global Effective Tax Rates www.pwc.com/us/nes Global s Global s April 14, 2011 This document has been prepared pursuant to an engagement between PwC and its Client. As to all other parties, it is for general information purposes

More information

BANK FOR INTERNATIONAL SETTLEMENTS P.O. BOX, 4002 BASLE, SWITZERLAND

BANK FOR INTERNATIONAL SETTLEMENTS P.O. BOX, 4002 BASLE, SWITZERLAND BANK FOR INTERNATIONAL SETTLEMENTS P.O. BOX, 4002 BASLE, SWITZERLAND PRESS RELEASE CENTRAL BANK SURVEY OF FOREIGN EXCHANGE AND DERIVATIVES MARKET ACTIVITY IN APRIL 1998: PRELIMINARY GLOBAL DATA The BIS

More information

INTRODUCTION HOW DTCC S MARGIN TRANSIT WILL HELP THE INDUSTRY MANAGE A HIGHER VOLUME OF MARGIN CALLS WHO IS THE MARGIN TRANSIT SERVICE FOR?

INTRODUCTION HOW DTCC S MARGIN TRANSIT WILL HELP THE INDUSTRY MANAGE A HIGHER VOLUME OF MARGIN CALLS WHO IS THE MARGIN TRANSIT SERVICE FOR? DTCC MARGIN TRANSIT INTRODUCTION Derivatives regulations and new capital and liquidity requirements for financial institutions remain the key drivers of new collateral demands. Recent estimates based

More information

The investment fund statistics

The investment fund statistics The investment fund statistics Narodowy Bank Polski (NBP) publishes data reported by investment funds which have been defined in Art. 3 section 1 of the Act of 27 May 2004 on investment funds (Journal

More information

International Monetary Policy Transmission Előd Takáts and Abraham Vela Bank for International Settlements. BIS Papers No 78. Carl Musozya.

International Monetary Policy Transmission Előd Takáts and Abraham Vela Bank for International Settlements. BIS Papers No 78. Carl Musozya. International Monetary Policy Transmission Előd Takáts and Abraham Vela Bank for International Settlements. BIS Papers No 78 Carl Musozya. Introduction. Effects of advanced economy monetary policy on the

More information

IOOF QuantPlus. International Equities Portfolio NZD. Quarterly update

IOOF QuantPlus. International Equities Portfolio NZD. Quarterly update IOOF QuantPlus NZD Quarterly update For the period ended 31 March 2016 Contents Overview 2 Portfolio at glance 3 Performance 4 Asset allocation 6 Overview At IOOF, we have been helping Australians secure

More information

Managed Service for IP Telephony. Enabling organisations to focus on core revenue generating activities

Managed Service for IP Telephony. Enabling organisations to focus on core revenue generating activities Enabling organisations to focus on core revenue generating activities Your business needs reliable, flexible and secure communication tools to enable better connectivity and collaboration with your employees,

More information

Passport for Financial Lines

Passport for Financial Lines Passport for Financial Lines Established markets already have layers of constantly-shifting regulations, emerging economies are introducing new risks and challenges. Multinationals must be well equipped

More information

International Securities Trading now you can invest across the world

International Securities Trading now you can invest across the world International Securities Trading now you can invest across the world INTERNATIONAL SECURITIES TRADING iii CONTENTS Welcome 2 Trade international securities with CommSec and Pershing 2 International trading

More information

Guide to Treatment of Withholding Tax Rates

Guide to Treatment of Withholding Tax Rates Guide to Treatment of Withholding Tax Rates Contents 1. Introduction 1 1.1. Aims of the Guide 1 1.2. Withholding Tax Definition 1 1.3. Double Taxation Treaties 1 1.4. Information Sources 1 1.5. Guide Upkeep

More information

Sybase Solutions for Healthcare Adapting to an Evolving Business and Regulatory Environment

Sybase Solutions for Healthcare Adapting to an Evolving Business and Regulatory Environment Sybase Solutions for Healthcare Adapting to an Evolving Business and Regulatory Environment OVERVIEW Sybase Solutions for Healthcare Adapting to an Evolving Business and Regulatory Environment Rising medical

More information

HAS BRAZIL REALLY TAKEN OFF? BRAZIL LONG-RUN ECONOMIC GROWTH AND CONVERGENCE

HAS BRAZIL REALLY TAKEN OFF? BRAZIL LONG-RUN ECONOMIC GROWTH AND CONVERGENCE HAS BRAZIL REALLY TAKEN OFF? BRAZIL LONG-RUN ECONOMIC GROWTH AND CONVERGENCE COUNTRY PROFILE: A COUNTRY IN TRANSFORMATION POLICY RECOMENDATIONS COUNTRY PROFILE Brazilian Equivalent Population in The World

More information

Brochure More information from http://www.researchandmarkets.com/reports/1339929/

Brochure More information from http://www.researchandmarkets.com/reports/1339929/ Brochure More information from http://www.researchandmarkets.com/reports/1339929/ The 2011 World Forecasts of Machine Tools That Remove Material by Laser or Light, Photon, Ultrasonic, Electro-Discharge,

More information

Brochure More information from http://www.researchandmarkets.com/reports/3278449/

Brochure More information from http://www.researchandmarkets.com/reports/3278449/ Brochure More information from http://www.researchandmarkets.com/reports/3278449/ The 2016 World Forecasts of Hand-Operated Date, Sealing, or Numbering Stamps; Devices for Printing or Embossing Labels;

More information

Doing Business in Australia and Hong Kong SAR, China

Doing Business in Australia and Hong Kong SAR, China Doing Business in Australia and Hong Kong SAR, China Mikiko Imai Ollison Private Sector Development Specialist Nan Jiang Private Sector Development Specialist Washington, DC October 29, 2013 What does

More information

Alternatives for Working Capital Financing

Alternatives for Working Capital Financing Alternatives for Working Capital Financing Advisory Day AG is authorised under German Banking Law (competent authority: BaFin - Federal Financial Supervisory Authority) and authorised and subject to limited

More information

Global Client Group The Gateway to AWM

Global Client Group The Gateway to AWM Global Client Group The Gateway to AWM January 2013 For professional investors only Content 1 2 3 Deutsche Bank and Asset Global Client Group Our product and service offering 1 Deutsche Bank A global partner

More information

Bank of America Merrill Lynch Banking & Financial Services Conference

Bank of America Merrill Lynch Banking & Financial Services Conference Bank of America Merrill Lynch Banking & Financial Services Conference Manuel Medina Mora Chairman of the Global Consumer Banking Council November 17, 2010 Consumer Banking in Citicorp Agenda Our Business

More information

Capital Market Linkages: How to facilitate cross border trading?

Capital Market Linkages: How to facilitate cross border trading? Capital Market Linkages: How to facilitate cross border trading? OIC Member States Stock Exchanges Forum Dr. Jochen Biedermann Istanbul, 02 October 2010 Agenda 1. About Deutsche Börse 2. Capital Market

More information

NORTHERN TRUST HEDGE FUND SERVICES. Delivering Operational Alpha

NORTHERN TRUST HEDGE FUND SERVICES. Delivering Operational Alpha NORTHERN TRUST HEDGE FUND SERVICES Delivering Operational Alpha Solutions that drive Operational Alpha Managing hedge funds and funds of hedge funds amidst the challenges of today s market environment

More information

Central Securities Depository Regulation

Central Securities Depository Regulation Central Securities Depository Regulation Alignment of T+2 Settlement Period Central Securities Depository Regulation Alignment of T+2 Settlement Period The European Commission has proposed new legislation

More information

Global AML Resource Map Over 2000 AML professionals

Global AML Resource Map Over 2000 AML professionals www.pwc.co.uk Global AML Resource Map Over 2000 AML professionals January 2016 Global AML Resources: Europe France Italy Jersey / Guernsey 8 Ireland 1 Portugal 7 Luxembourg 5 United Kingdom 1 50 11 Spain

More information

Overview of Global Trade Receivable Management and Insurance Solutions

Overview of Global Trade Receivable Management and Insurance Solutions Kentucky Treasury Management Association February 2013 Presenter: Nick Fow Euler Hermes Overview of Global Trade Receivable Management and Insurance Solutions Agenda 1. Corporate Credit Management and

More information

ENDOWMENT & FOUNDATION GOVERNANCE: FIDUCIARY OVERSIGHT AND IMPLEMENTATION MAY 2013

ENDOWMENT & FOUNDATION GOVERNANCE: FIDUCIARY OVERSIGHT AND IMPLEMENTATION MAY 2013 ENDOWMENT & FOUNDATION GOVERNANCE: FIDUCIARY OVERSIGHT AND IMPLEMENTATION MAY 2013 WHAT IS FIDUCIARY GOVERNANCE AND WHY IS IT IMPORTANT? Fulfillment of fiduciary responsibilities requires more than understanding

More information

Citi OpenInvestor. Hedge Fund Services. Focused Solutions Specialized Expertise. Transaction Services

Citi OpenInvestor. Hedge Fund Services. Focused Solutions Specialized Expertise. Transaction Services Citi OpenInvestor sm Hedge Fund Services Focused Solutions Specialized Expertise Transaction Services 2 Citi Transaction Services Confronting a Changing Landscape Today s hedge fund managers are facing

More information

Cisco Phone Systems Telemarketing Script Cold Call

Cisco Phone Systems Telemarketing Script Cold Call Cisco Phone Systems Telemarketing Script Cold Call 1. Locate Contact: Name listed Owner General Manager / Office Manager Chief BDM (Business Decision Maker) Note: Avoid talking to IT since this is not

More information

0 1 / 14. Clearstream Global Liquidity Hub Newsletter. A single master contract for multiple triparty repo counterparties

0 1 / 14. Clearstream Global Liquidity Hub Newsletter. A single master contract for multiple triparty repo counterparties Clearstream Global Liquidity Hub Newsletter 0 1 / 14 A single master contract for multiple triparty repo counterparties In June 2013, Clearstream developed a new legal master agreement for triparty repo

More information

The VAT & Invoicing Requirements Update March 2012

The VAT & Invoicing Requirements Update March 2012 The VAT & Invoicing Requirements Update March 2012 Indirect taxes are a massive potential expense. For buyers and sellers of goods and services, how invoices are prepared and processed can affect a company's

More information

Cisco Conference Connection

Cisco Conference Connection Data Sheet Cisco Conference Connection Cisco IP Communications a comprehensive system of powerful, enterprise-class solutions including IP telephony, unified communications, IP video/audio conferencing,

More information

Contact Centre Integration Assessment

Contact Centre Integration Assessment Contact Centre Integration Assessment How well are your business objectives aligned with the right contact centre technologies? Knowing how the technology in your contact centre supports service delivery

More information

Governance, Risk and Compliance Assessment

Governance, Risk and Compliance Assessment Governance, Risk and Compliance Assessment Information security is a pervasive business requirement and one that no organisation can afford to get wrong. If it s not handled properly, your business could

More information

GLOBAL HRMONITOR NEW DIMENSIONS IN ONLINE HR INFORMATION TALENT HEALTH RETIREMENT INVESTMENTS

GLOBAL HRMONITOR NEW DIMENSIONS IN ONLINE HR INFORMATION TALENT HEALTH RETIREMENT INVESTMENTS GLOBAL HRMONITOR NEW DIMENSIONS IN ONLINE HR INFORMATION TALENT HEALTH RETIREMENT INVESTMENTS DISCOVER MERCER S GLOBAL HRMONITOR ABOUT GLOBAL HRMONITOR Mercer s Global HRMonitor is a single-source, web-based

More information

Выровнять кривую картинку. Bring on tomorrow. Bring on tomorrow

Выровнять кривую картинку. Bring on tomorrow. Bring on tomorrow AIG Russia 2015 1 Выровнять кривую картинку Bring on tomorrow Bring on tomorrow 2 AIG Inc: Key Facts and Figures Ratings А+ S&P А1 Moody s A Best, Fitch 95+ years experience 100 + countries 93% clients

More information

Vodafone Traveller and Vodafone World

Vodafone Traveller and Vodafone World Vodafone Traveller and Vodafone World A. What Terms and Conditions Apply to my Vodafone Traveller and Vodafone World Product? (a) The terms and conditions that will apply to your Product or Products are:

More information

YTD 2015-27 CS AWARDS IN AMERICAS

YTD 2015-27 CS AWARDS IN AMERICAS YTD 2015-27 CS AWARDS IN AMERICAS Argentina Bolivia Brazil Frontline Customer Service Team of the Year, All Industries (Bronze) Customer Service Department of the Year, Airlines, Distribution & Transportation

More information

The Role of Banks in Global Mergers and Acquisitions by James R. Barth, Triphon Phumiwasana, and Keven Yost *

The Role of Banks in Global Mergers and Acquisitions by James R. Barth, Triphon Phumiwasana, and Keven Yost * The Role of Banks in Global Mergers and Acquisitions by James R. Barth, Triphon Phumiwasana, and Keven Yost * There has been substantial consolidation among firms in many industries in countries around

More information

Number of retail outlets Number of retail outlets

Number of retail outlets Number of retail outlets Number 65708 of retail outlets Number of retail outlets Number of retail outlets Trends in total number of retail outlets 2002-2007 number / as stated number per million Table 2.3 % growth inhabitants

More information

Introducing Clinical Trials Insurance Services Ltd

Introducing Clinical Trials Insurance Services Ltd Introducing Clinical Trials Insurance Services Ltd Important Staff Richard Kelly Managing Director Richard joined CTIS in 2006 having previously managed the Pharmaceutical wholesale division at Heath Lambert

More information

The rise of the cross-border transaction. Grant Thornton International Business Report 2013

The rise of the cross-border transaction. Grant Thornton International Business Report 2013 The rise of the cross-border transaction Grant Thornton International Business Report 2013 Foreword MIKE HUGHES GLOBAL SERVICE LINE LEADER MERGERS & ACQUISITIONS GRANT THORNTON INTERNATIONAL LTD When reflecting

More information

Global payments trends: Challenges amid rebounding revenues

Global payments trends: Challenges amid rebounding revenues 34 McKinsey on Payments September 2013 Global payments trends: Challenges amid rebounding revenues Global payments revenue rebounded to $1.34 trillion in 2011, a steep increase from 2009 s $1.1 trillion.

More information

E-Seminar. Financial Management Internet Business Solution Seminar

E-Seminar. Financial Management Internet Business Solution Seminar E-Seminar Financial Management Internet Business Solution Seminar Financial Management Internet Business Solution Seminar 3 Welcome 4 Objectives 5 Financial Management 6 Financial Management Defined 7

More information

Euroclear plc. Dedicated to the stability and development of the capital markets

Euroclear plc. Dedicated to the stability and development of the capital markets plc Dedicated to the stability and development of the capital markets Our business s DNA is the financial industry s trusted provider of post-trade services. At the core, provides settlement, safekeeping

More information

Philippines Taxation

Philippines Taxation Philippines Taxation FUNDS AND FUND MANAGEMENT 2010 3.1 Taxation of funds Taxation of mutual funds A mutual fund company which is established in the Philippines is taxable like any domestic corporation.

More information

Raveh Ravid & Co. CPA. November 2015

Raveh Ravid & Co. CPA. November 2015 Raveh Ravid & Co. CPA November 2015 About Us Established in 1986 by Abir Raveh, CPA & Itzhak Ravid, CPA 6 Partners, 80 employees Located in Tel Aviv, Israel wide range of professional services highly experienced

More information

CMMI for SCAMPI SM Class A Appraisal Results 2011 End-Year Update

CMMI for SCAMPI SM Class A Appraisal Results 2011 End-Year Update CMMI for SCAMPI SM Class A 2011 End-Year Update Software Engineering Institute Carnegie Mellon University Pittsburgh, PA 15213 1 Outline Introduction Current Status Community Trends Organizational Trends

More information

CREDIBLE RELIABLE CONNECTED

CREDIBLE RELIABLE CONNECTED HONG KONG CREDIBLE RELIABLE CONNECTED ALTER DOMUS Alter Domus is a leading European provider of Fund and Corporate Services, dedicated to international private equity & infrastructure houses, real estate

More information

Verdict Financial: Wealth Management. Data Collection and Forecasting Methodologies

Verdict Financial: Wealth Management. Data Collection and Forecasting Methodologies Verdict Financial: Wealth Management Data Collection and Forecasting Methodologies April 2014 Contents Global Wealth Markets Methodology Methodology Methodology 2 Global Wealth Markets Section 1: Global

More information

BROWN BROTHERS HARRIMAN (LUXEMBOURG) S.C.A. Wells Fargo (Lux) Worldwide Fund

BROWN BROTHERS HARRIMAN (LUXEMBOURG) S.C.A. Wells Fargo (Lux) Worldwide Fund Argen na CITIBANK, N.A. BUENOS AIRES BRANCH Australia Austria HSBC BANK AUSTRALIA LIMITED FOR THE HONGKONG AND SHANGHAI DEUTSCHE BANK AG, VIENNA BRANCH Belgium DEUTSCHE BANK AG, AMSTERDAM BRANCH Brazil

More information

Perrigo Company Acquisition of Elan Corporation plc Exchange of Perrigo common shares Frequently Asked Questions & Answers

Perrigo Company Acquisition of Elan Corporation plc Exchange of Perrigo common shares Frequently Asked Questions & Answers Perrigo Company Acquisition of Elan Corporation plc Exchange of Perrigo common shares Frequently Asked Questions & Answers On November 18, 2013, Perrigo Company ( Perrigo ) announced that its shareholders

More information

Software-as-a-service Delivery: The Build vs. Buy Decision

Software-as-a-service Delivery: The Build vs. Buy Decision white paper Software-as-a-service Delivery: The Build vs. Buy Decision Introduction In order to deliver software on-demand, companies must either build and manage an infrastructure capable of supporting

More information

An overview of using Hong Kong as a platform for trade and investment with China. Daniel Booth Director Vistra (Hong Kong)

An overview of using Hong Kong as a platform for trade and investment with China. Daniel Booth Director Vistra (Hong Kong) An overview of using Hong Kong as a platform for trade and investment with China Daniel Booth Director Vistra (Hong Kong) Breda May, 2012 The role of Hong Kong A recognized and respected jurisdiction for

More information

Software Tax Characterization Helpdesk Quarterly August 2012

Software Tax Characterization Helpdesk Quarterly August 2012 Software Tax Characterization Helpdesk Quarterly August 2012 Characterizing foreign software revenues is a complex challenge for large and small software firms alike. Variations in the rules around the

More information

Euler Hermes the world leader in credit insurance RISK ASSESSMENT CREDIT INSURANCE DEBT COLLECTION

Euler Hermes the world leader in credit insurance RISK ASSESSMENT CREDIT INSURANCE DEBT COLLECTION Euler Hermes the world leader in credit insurance RISK ASSESSMENT CREDIT INSURANCE DEBT COLLECTION Agenda 1 The Euler Hermes group 2 Our business 3 Our products and solutions 4 Our added value 2 The Euler

More information

MAUVE GROUP GLOBAL EMPLOYMENT SOLUTIONS PORTFOLIO

MAUVE GROUP GLOBAL EMPLOYMENT SOLUTIONS PORTFOLIO MAUVE GROUP GLOBAL SOLUTIONS PORTFOLIO At Mauve Group, we offer a variety of complete employee management services such as Global Employment Solutions (GES), Professional Employment Outsourcing (PEO),

More information

How do you manage the brain of the business in a way that supports the opportunities your organisation wants to take advantage of?

How do you manage the brain of the business in a way that supports the opportunities your organisation wants to take advantage of? As the world becomes a more competitive place, businesses need to respond at lightning speed to take advantage of new opportunities or avoid risks. To enable this, the data centre needs to be a dynamic

More information

Friederike Edelmann Director Investor Relations, SAP AG Fall 2007

Friederike Edelmann Director Investor Relations, SAP AG Fall 2007 ADRs and International Investing Friederike Edelmann Director Investor Relations, SAP AG Fall 2007 Disclaimer We believe the information contained in this material to be reliable but do not warrant its

More information

Depositary Bank Solutions Effective Custody of Fund Assets

Depositary Bank Solutions Effective Custody of Fund Assets 1 Depositary Bank Solutions Effective Custody of Fund Assets Depositary Bank Solutions 4 Fund Domiciles 6 A Solution Package with Many Benefits 8 Depositary Bank Services 10 Contractual Settlement 13 Reimbursement

More information

Consumer Credit Worldwide at year end 2012

Consumer Credit Worldwide at year end 2012 Consumer Credit Worldwide at year end 2012 Introduction For the fifth consecutive year, Crédit Agricole Consumer Finance has published the Consumer Credit Overview, its yearly report on the international

More information

American Funds Insurance Series. New World Fund. Summary prospectus Class 2 shares May 1, 2015

American Funds Insurance Series. New World Fund. Summary prospectus Class 2 shares May 1, 2015 American Funds Insurance Series New World Fund Summary prospectus Class 2 shares May 1, 2015 Before you invest, you may want to review the fund s prospectus and statement of additional information, which

More information

GE Grid Solutions. Providing solutions that keep the world energized Press Conference Call Presentation November 12, 2015. Imagination at work.

GE Grid Solutions. Providing solutions that keep the world energized Press Conference Call Presentation November 12, 2015. Imagination at work. GE Grid Solutions Providing solutions that keep the world energized Press Conference Call Presentation November 12, 2015 Press Conference Call Recording: Toll Free: +1 (855) 859-2056 Toll: +1 (404) 537-3406

More information

Cisco Blended Agent: Bringing Call Blending Capability to Your Enterprise

Cisco Blended Agent: Bringing Call Blending Capability to Your Enterprise DATA SHEET Cisco Blended Agent: Bringing Call Blending Capability to Your Enterprise Cisco ICM software has traditionally enabled companies to distribute inbound service volume to a variety of termination

More information

MAUVE GROUP GLOBAL EMPLOYMENT SOLUTIONS PORTFOLIO

MAUVE GROUP GLOBAL EMPLOYMENT SOLUTIONS PORTFOLIO MAUVE GROUP GLOBAL SOLUTIONS PORTFOLIO At Mauve Group, we offer a variety of complete employee management services such as Global Employment Solutions (GES), Professional Employment Outsourcing (PEO),

More information

Know the Facts. Aon Hewitt Country Profiles can help: Support a decision to establish or not establish operations in a specific country.

Know the Facts. Aon Hewitt Country Profiles can help: Support a decision to establish or not establish operations in a specific country. Aon Hewitt Country Profiles Your eguide to employment requirements and practices Profiles for nearly 90 countries worldwide Risk. Reinsurance. Human Resources. Know the Facts Whether you are a newcomer

More information

Competition in the financial sector and its impact on financial intermediation. Dr Mamiko Yokoi-Arai

Competition in the financial sector and its impact on financial intermediation. Dr Mamiko Yokoi-Arai International Conference on Asian Market Integration and Financial Innovation February 10, 2012 Competition in the financial sector and its impact on financial intermediation Dr Mamiko Yokoi-Arai Evolution

More information

Wealth Management Education Series. Explore the Field of Investment Funds

Wealth Management Education Series. Explore the Field of Investment Funds Wealth Management Education Series Explore the Field of Investment Funds Wealth Management Education Series Explore the Field of Investment Funds Managing your wealth well is like tending a beautiful formal

More information

CISCO NETWORK CONNECTIVITY CENTER

CISCO NETWORK CONNECTIVITY CENTER DATA SHEET CISCO NETWORK CONNECTIVITY CENTER The Cisco Network Connectivity Center (NCC) delivers end-to-end management across multiple tools, technologies, and silos. From networks and applications to

More information

Taxation of Cross-Border Mergers and Acquisitions

Taxation of Cross-Border Mergers and Acquisitions KPMG INTERNATIONAL Taxation of Cross-Border Mergers and Acquisitions kpmg.com 2 : Taxation of Cross-Border Mergers and Acquisitions Introduction The (UAE) is a federation of seven Emirates: Abu Dhabi,

More information

Russia Regulation. 2.1 Type of funds. Joint stock investment funds. Mutual funds

Russia Regulation. 2.1 Type of funds. Joint stock investment funds. Mutual funds Russia Regulation FUNDS AND FUND MANAGEMENT 2010 2.1 Type of funds Current Russian legislation establishes the following investment vehicles for the Russian securities market. Joint stock investment funds

More information

Explore the Field of Mutual Funds

Explore the Field of Mutual Funds Wealth Management Education Series How can we help you further? Do you have a question on what you have just read? Would you like to have a further discussion on this subject? Contact your Relationship

More information

CISCO METRO ETHERNET SERVICES AND SUPPORT

CISCO METRO ETHERNET SERVICES AND SUPPORT SERVICES OVERIVEW CISCO METRO ETHERNET SERVICES AND SUPPORT In the ever-changing communications market, incumbent service providers are looking for ways to grow revenue. One method is to deploy service

More information

GLOBAL DATA CENTER INVESTMENT 2013

GLOBAL DATA CENTER INVESTMENT 2013 2013 CENSUS REPORT: Global Data Center Investment 2013 GLOBAL DATA CENTER INVESTMENT 2013 2013 - Healthy Growth in Data Center Investment Globally Globally, the data center industry has continued to maintain

More information

SunGard Best Practice Guide

SunGard Best Practice Guide SunGard Best Practice Guide What Number Should I Use? www.intercalleurope.com Information Hotline 0871 7000 170 +44 (0)1452 546742 conferencing@intercalleurope.com Reservations 0870 043 4167 +44 (0)1452

More information