Paying Agent

We offer our clients a unique and tailor-made asset service experience. Based on our state of the art processes and institutional, regulated system connections between SIX, the structurers and issuer of financial instruments, we enable seamless life cycle management of all types of financial securities.

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Why us?

We service a broad network of asset managers, family offices and corporations and service financial securities with any type of underlying, including IP (film), royalties (fashion), real estate development and digital assets. We distinguish ourselves through our can-­do mentality. We are a highly experienced partner with a proven track record of addressing and supporting the most complex securiti­sation requirements.

1000+

issued Swiss 
ISIN’s

9+

active SPV
jurisdictions

Cost−Efficient

with tailor-
made pricing

Experience

Highly experienced
professional team

Our Services

We create securities with Swiss International Security Identification Numbers (ISINs) for which we apply for SIX SIS, Euroclear and Clearstream, and we service these securities during their lifetime (coupon and dividend payments, corporate actions, etc.).

We enable trading and execution of secondary transactions in these securities and offer segregated account keeping and segregated asset custody.

Finally, we offer Bloomberg price publication and provide Vienna MTF listing.

Our Services
Range of Serviced Securities

We offer a wide range of serviced securities such as:

  • Standard products: equity mandates, bond mandates
  • Simple products: tracker certificates, actively managed certificates (AMCs)
  • Complex products: credit-linked notes (CLNs), convertible credit-linked notes (CCLNs), products for digital assets
Example of Standard Products: Equity Issue

Company shares which are bankable provide more investment incentive for investors. Company shares in Swiss companies can be dematerialised easily; for companies abroad, it is more complex. With only three overall requirements, we will start the process of making your company shares bankable, thus providing them with a Swiss ISIN, and issue them on SIX SIS Ltd. The proceeds from a capital increase can be used for company-related investments and may be transferred to the company’s principal bank. Every additional capital increase is very easily executed afterwards with a corporate action.

Example of Standard Products: Bond Issue

A bond issue can be of benefit for a company seeking debt financing for increasing their net working capital. Investors prefer to have the note booked in their own custody rather than only on paper, hence having the note bankable. ISP, as the paying agent, opens an account for the company in-house, and issues the note on SIX SIS Ltd. with a Swiss ISIN. The capital proceeds via subscription of the investors can be used for any company-related investments and may be transferred to the company’s principal bank.

Example of Simple Products: Actively Managed Certificate (AMC)

Clients are able to implement a strategy (on bankable or non-bankable assets) in a simple and straightforward procedure. The composition of the underlying may be changed based on the decisions of the asset manager during the term of the certificate. AMCs combine the flexibility of structured products (favorable tax structure, low entry level, speed of issuance, efficient cost structure) with those of classic investment funds (portfolio diversification and adaptability to different market conditions). AMCs with ISP as the paying agent will be issued with a Swiss ISIN on SIX SIS Ltd. and opened on Euroclear and Clearstream. An asset manager can change the balance of their portfolios with one order instead of placing their trades at several banks.

Example of Complex Products: Credit-Linked Notes (CLNs)

Conventional bank loans are in many cases prohibitively expensive; an individually designed, tradable certificate with a private loan as the underlying asset has become a more compelling solution. Investors who buy CLNs generally earn a higher yield on the note in return for accepting exposure to specified credit risks. The optimal solution, where the reference unit, tenor and currency can be adjusted independently of each other and are packaged in a Swiss ISIN. Issued through a Special Purpose Vehicle (SPV), there are no direct credit risks for the asset manager itself.

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Example of Standard Products: Equity Issue
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Example of Standard Products: Bond Issue
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Example of Simple Products: Actively Managed Certificate (AMC)
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Example of Complex Products: Credit-Linked Notes (CLNs)
Most Frequent SPV Issuance Jurisdictions

Our typical securities issues are generally structured and launched through Special Purpose Vehicles (SPVs) from cost-and tax-efficient jurisdictions. Each SPV set-up is normally an individual solution based on a client's preference. Our paying agent team will be glad to include additional jurisdictions where required and can introduce business partners to provide bespoke SPVs. Our most frequently used issuance jurisdiction include:

Most Frequent SPV Issuance Jurisdictions

Our typical securities issues are generally structured and launched through Special Purpose Vehicles (SPVs) from cost-and tax-efficient jurisdictions. Each SPV set-up is normally an individual solution based on a client's preference. Our paying agent team will be glad to include additional jurisdictions where required and can introduce business partners to provide bespoke SPVs. Our most frequently used issuance jurisdiction include:

Luxembourg
01
Liechtenstein
02
Cayman Islands
03
Ireland
04
Guernsey
05
Jersey
06
Malta
07
Mauritius
08
United Kingdom
09

Our strength. Our people.

Our team consists of experts in the field of securitisation. We take a dynamic, dedicated and tailored approach that enables us to realise our clients’ goals and visions. With our can-do attitude, we strive to serve our clients with the highest level of professionalism in the most efficient way.