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CACEIS has been selected as Paying Agent by Cariparma Crédit Agricole Group. This project concerns investment flows from around 20 foreign asset management companies distributing their products through branches of Cariparma Crédit Agricole Group. Transactions will total around 100,000 per year. As Paying Agent, the Italian branch of CACEIS will be able to extend its asset service offering to UCITS and Alternative Investment Funds, alongside its custodian and depositary bank services.
The Paying Agent – which is dedicated to foreign SICAVs (open-ended investment companies) operating in Italy – makes payments and transfers subscribers’ instructions, prepares transaction confirmation (subscriptions, repayments, dividends), acts as tax withholding agent and holds the...
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