megavideolinks
Joined: 19 Nov 2011 Posts: 273
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Posted: Mon Dec 05, 2011 7:44 am Post subject: Main characteristics of a Swiss trust company |
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Perhaps the single most salient feature of a Swiss trust company is its flexibility.
It is capable of engaging in a wide variety of financial operations and can
hold various types of assets, including cash, securities, real estate, etc.
Combined with bearer share ownership and offshore incorporation, this
makes Swiss trust companies the preferred solution for asset preservation
needs.
However, as alluded previously, asset protection is far from being the main
function of a Swiss trust company. This begets a logical question – exactly how
are Swiss trust companies used today? The following non-exhaustive list of
things a Swiss trust company can do should give the reader some idea about
its modern-day uses:
? Participation in the SWIFT interbank system, including sending MT 760
and MT 799 instructions
? Listing on stock exchanges of Frankfurt and Vienna (only for companies
older than 20 years)
? Opening and maintaining bank accounts – as well as sub-accounts for
third parties – with any institution worldwide
? Loaning and borrowing money, as well as issuing safekeeping receipts
and promissory notes
? Accepting and investing funds on behalf of third parties
? Functioning as a holding entity for banks, insurance companies, funds,
trading companies, and other businesses
? Making and signing contracts, or functioning as an agent or employee
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