Features of the Local Paying Agent service

Banca Sella Holding today is the local Paying Agent in Italy and Agent taking care of the offer in Italy of a relevant number of investment funds authorized to the distribution in Italy (see list).

See below the detailed list of activities performed within this service:

Payment and tax agency

• Collection and delivery of payments to the investment funds and subscribers
• Distribution of dividends to subscribers
• Payment of subscription fees to the distributor
• Withholding agent (withholding tax)
  

Handling of orders

• Transactions bookkeeping (subscriptions, redemptions, switches, transfers)
• Subscribers' Book (personal data)
• Bulk order forwarding to the investment fund on own name on behalf of the investors
• Confirmation of orders to the distributors and subscribers (possibly customized)
• Management of scheduled order plans (subscriptions, redemption and switch)
• Management of corporate events (shareholders' meeting calls miscellaneous communication to shareholders etc.)
  
• FundWay On Line - INTERNET information section available to distributors to:
  • View analytical and aggregate data
  • View transactions, balances and statistical data
  • Display the distributor contract notes
    
• " FundWay On Line - INTERNET operatin section available to distributors to:
  • Input subscription, redemption and switch orders
  • Input of scheduled order plans
  • Download of distributor contract notes
    
• Delivery of end of year statement
• Statistical data for the distributor