Product Placement and Tax suitability

THE USE CASE
Scenario:

Juan, a relationship manager working for a Swiss Asset Management company, believes that a long mini future on a Swiss company will be an attractive investment for his client Julien, who is domiciled in France. The investment product is registered in France but not listed on the Swiss Stock Exchange.

 

Challenge:

Juan isn’t sure whether he can propose this product to Julien.

TASKS
  1. Access to the Country Manual Products France.
     

  2. Understand which asset class and rules apply.
     

  3. Access to the Country Manual Tax France.
     

  4. Understand which asset class and rates apply.

TIME REQUIRED

At least 15 minutes

to review the manuals and understand the answers

RISKS

  1. Wrong answers
     

  2. Consultation of the wrong Country Manuals
     

  3. Performing of forbidden activity
     

  4. Lack of tracking

ADVANTAGES FOR THE BANK AND THE RELATIONSHIP MANAGER

  1. Reduced minor costs in the short term (no inApp subscription)

TASKS
  1. Click on the client profile
     

  2. Select the product

TIME REQUIRED

2 minutes

RISKS

  1. Inability to answer due to lack of internet connection

ADVANTAGES FOR THE BANK AND THE RELATIONSHIP MANAGER

  1. Certainty of correct answers
     

  2. Competitive advantage due to tax suitability check
     

  3. Proper cross-border risk management
     

  4. Reduced risk of potential fines by foreign and domestic authorities
     

  5. Audit trail on RM activity

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