Tax Certification Services
Cross-Border Issuance
Acupay’s tax certification services enable foreign issuers to tap into previously inaccessible markets, helping issuers to expand their suite of foreign investments by accessing new buyers. Accessing these markets can be attractive for a number of reasons. For one, investor diversification could present significant opportunities to expand an issuer’s base of creditors, thereby also diversifying across currencies. Another opportunity for foreign issuers entering into cross-border markets is the potential to obtain funding in their primary currency at more attractive rates by initially issuing in a foreign currency. What’s more, the issuance of cross-border bonds can help both domestic and foreign market participants foster a more sustainable sense of trust and understanding between the two parties in relation to their institutional operations and partnership.
The types of securities overseen can include fixed and floating rate fixed-income; extendable short-term notes; preferred shares; American Depository Receipts (ADRs); medium-term notes (MTNs); Euro Commercial Paper (ECP); and U.S. Commercial Paper (USCP).
Over the past decades, Acupay has fostered close relationships with a number of CSDs and financial intermediaries, such as Euroclear, Clearstream, DTC, the National Bank of Belgium, Monte Titoli (Italy) and others. Our tax certification and tax compliance services for issuers mainly rely on standard Know Your Customer (KYC) principles and support paperless tax certification in all cases where domestic laws allow it.
We typically begin working for our issuer clients in the pre-issuance phase of a security offering, introducing tax certification and compliance procedures into the deal documentation and examining the procedural documentation (and related disclosures) to ensure full compliance with all legal and regulatory requirements. We then translate these requirements into operational procedures for financial intermediates--working closely with CSDs while also making sure that all necessary mechanics are reflected in the Acupay System. More detailed information on the Acupay System below.
Acupay Market Solutions
Although the processes of facilitating cross-border relief may vary from country to country, Acupay is diligent in keeping abreast of these regulations to ensure compliance across many different markets. We have extensive experience in Italian, Belgian, Israeli and Japanese markets, to name a few, although we do support many more.
For more information on Acupay’s solutions for issuers across various markets, such as Yankee bonds, Panda bonds, Kangaroo bonds or Maple bonds, or to discuss how Acupay might assist you in any given country more specifically, please feel free to contact the Business Development Team at +44 (0) 20 7382 0340 in London or via email at product@acupay.com.
What others have said about Acupay’s solutions
Acupay System Features
Guided step-by-step process makes submitting 1 or 1000 tax relief requests simple.
Flexible and customizable interfaces allow us to support your particular needs.
Data collection to meet market requirements is first and foremost.
Document generation, management, and storage - all in one place.
Learn more about the Acupay System
To learn more about the Acupay System and how it is being used to offer cross-border tax relief solutions to issuers, please download our Acupay System leaflet.
You can also schedule a demo of the Acupay System with our Product Management and Client Engagement team to see it in action.