As a Depositary, we appreciate the importance of partnership based on long-term business relationships built on integrity and discretion. We believe it is important for a Depositary to think and act in the spirit of partnership, have a strong balance sheet and excellent risk management. We are committed to deliver the highest level of specialised service ensuring compliance with investment regulations, allowing you to concentrate on your core business with absolute peace of mind.
Fund Structures serviced
Malta-based UCITS, AIF, NAIF, PIF, VC
PIF and Loan Funds
Direct access to Trading Platform and over 3 million ISINs
on 60 stock exchanges and OTC in stocks, fixed income,
funds, ETFs, options and futures, warrants, structured
products, FX, cryptocurrency
Level 3 System providing the highest level of account security
Advantages
Multi-currency, Multi-user, Online Fund Accounts
Efficient on-boarding process
A comprehensive technology-based service offering
Long-standing Top-Tier Global Custody relationships
What type of account do I need to have to order a payment card ?
You can order a Silver or a Gold multicurrency credit card with a trading account only.
You can order a Silver prepaid card with a Forex, Trading and Saving account.
How do I activate my payment card?
Your card will be activated upon your first cash withdrawal or transaction in a shop using a payment terminal that requires entering a PIN code*.
* Exceptionally, some payment terminals do not interrogate your card limit on entering your PIN code. In this case, the card cannot be activated and you must try with another payment terminal or make a cash withdrawal.
How does the contactless system work?
Contactless payments can be made on any payment terminal with a contactless symbol, by simply holding your card close to this symbol. The contactless payment may be refused and you may be required to enter your PIN code if you have reached your contactless limit*.
* The contactless limit is CHF 80 or equivalent in USD/EUR of accumulated expenses made without entering your PIN code. Moreover, you cannot use the contactless method more than 10 times without entering your PIN code.
The contactless limit is renewed once you next use your PIN code.
For example, if you made two purchases of GBP 15 using the contactless method, you will not be able to make a new purchase for EUR 15 in this manner as your limit will have been reached. To continue making contactless payments, you have to enter your PIN code so the contactless limit will be renewed.
What is the difference between an authorization and a transaction?
The authorization amount can differ from the final transaction amount if the amount blocked by the seller is higher or if exchange rate or cash withdrawal fees apply.
How are my purchases protected on the Internet (3-D Secure)?
Your online purchases are protected with 3-D Secure, the internationally recognized security standard for online payments by card.
Heading into 2018, Europe is improving economically, despite what may be the end of Merkel’s era. Historically, the EU has been plagued by concerns of fragmentation, with fears that small issues would eventually break up the union. However, we believe that is no longer the case thanks to the powerful trio of Macron, Merkel and Draghi. It is a theory that will have a profound effect on pricing in events such as the Italian elections.
The movement of global asset prices will be directly linked to the policy decisions of the Fed and other central banks. Expansionary monetary policy is the primary reason for current stretched valuations. Until there is a concentrated effort towards “normalization” by a group of central banks, risk appetite will be blindly supported. While many developed market central banks are asking markets to patient, the Fed is coiled, ready to spring into action should inflation pick up. We anticipate 2.2% GDP growth for the US economy in 2018, and a tightening labour market should push core PCE inflation back to 2.0%.
China’s economy is expected to slow slightly in 2018 from 6.6%, due to a prudently managed monetary policy tightening, which is targeting slowing lending through China’s “shadow” financial system. Yet, empowered by the volatile behavior of President Trump, China has embraced its new role as regional and global leader. Heading into 2018, the world needs to work with a confident and economically massive China.
Emerging markets (EM) have continued to grow faster than developed markets, with higher returns in 2017. The trend will likely continue in 2018. GDP growth in emerging markets for 2017 is expected to be 4.5% – its highest point since 2015 – versus 2.10% for developed markets. Protectionism was a buzzword for early 2017, as Trump quickly withdrew from the TPP and challenged NAFTA. The rhetoric quickly died down, however, and global trade picked up pace.
