Our Local Paying Agent helps investors transfer shares between bank accounts, place orders to subscribe to investment funds, and process orders to redeem shares. Specifically, they assist John in transferring his 100 shares in the Stradivarius Fund to a new bank account at Omega bank. They also help Anna invest €500 in the DaVinci Fund and later sell her shares, which have increased in value to €600, managing the order, fees, and withholding tax on her profit.

1. LOCAL PAYING AGENT
In a nutshell what we do everyday

2. transfers of shares
John opens an account in Alpha Bank
He decides to buy 100 shares of Stradivarius Fund
After some months, he finds out that a new bank,
Omega, has a very good offer. So, he wants to change
bank, transferring also his 100 shares into Omega
Our Local Paying Agent will help John to transfer
his shares from the old to the new bank account

3. orders - subscription
Anna wants to invest € 500 in DaVinci Fund
She can easily contact her bank or use her home
banking service to make the order
Our Local Paying Agent will manage her demand, the
subscription fees and then the confirmation of the
operation

4. orders - redemption
One day, Anna decides to sell her shares, making a
profit: she bought them at € 500, but now they are
worth € 600
Our Local paying Agent will manage again her order,
the fees, but also the withholding tax due to the
profit