Issuer Services at BENDURA BANK
Issuer Services is an exclusive niche product BENDURA BANK offers. We offer paying agent services for bonds and shares for small and mid-sized companies. Furthermore, we act as a depositary for investment fonds.
We accompany issuers for years, from the idea to the end of their project. Our specialised Issuer Services team guarantees a qualified, continuous and rapid support.
PAYING AGENT FOR SHARES AND BONDS
BENDURA BANK AG has many years of experience as a paying agent for shares and bonds and, in this context, is one of the few niche providers for small and medium-sized companies. Clients receive support with the technical setup, dematerialisation and processing of their bond and share issues. In the case of bonds, the paying agent also takes care of the technical execution of interest payments, redemptions, conversions of bonds or other capital actions. The bonds are deposited with the central securities depositary (CSD) as uncertificated securities or in the form of global certificates, meaning that they are converted into dematerialised securities (“intermediated securities”).
Dematerialisation is the conversion of bonds into electronic securities. These dematerialised financial instruments can be transferred to other banks via securities settlement systems (SIX SIS, Clearstream, Euroclear, etc.). Dematerialisation is a prerequisite for the electronic settlement of OTC trade in these financial instruments or for listing. In the case of shares, dematerialisation is the conversion of shares into electronic securities. This enables the shares to be traded and transferred electronically. This process can also be carried out for existing joint-stock companies which have so far had physical share certificates.
As a paying agent for shares, BENDURA BANK AG takes care of the technical processing (delivery of shares to shareholders via the clearing systems) of the shares and other capital actions (dividend payments, notifications to shareholders, etc.). The only prerequisites for using paying agent services are opening an account and establishing a paying agent agreement. BENDURA BANK AG also offers to function as a domestic paying agent in Liechtenstein for foreign funds.
ISSUER SERVICES ADVANTAGES
- Quick and uncomplicated access to capital
- Transparent and fully compliant transactions
- Affordable and depositable
- Bankable assets, easy to transfer
DEPOSITARY FOR INVESTMENT FUNDS
In most continental European countries, investment funds must deposit their assets with a custodian bank. The depositary also has the task of supervising the activity of the fund and its fund managers in the best interests of the fund’s investors. We act as adepositary for both investment funds pursuant to the Liechtenstein Investment Undertakings Act (IUA) and the EU/EEA harmonised fund types UCITS and AIF.
DIENSTLEISTUNGEN ALS LISTING AGENT
We can offer listing agent services for bonds that are separate from the function of a paying agent for bonds. Thanks to our good working relationship with the listing team at Wiener Börse AG, our clients can be admitted to listing for the Vienna MTF in a swift and simple procedure for an attractive fixed price.
The Vienna MTF is an exchange-regulated market operated by Wiener Börse AG as a multilateral trading facility (MTF). Securities which are not admitted to listing on the official market are included in trading in the Vienna MTF. The Vienna MTF is an excellent listing venue for issuers of debt securities which do not require listing on a regulated market but still wish for listing on a well-known stock exchange.
STRUCTURED BOND CREATION
