Danske Bank Depositary Services An Introduction to Danske Bank s Depositary Services
Agenda Danske Bank Depositary Services Depositary Services How Can Danske Bank Help? 2
Danske Bank Depositary Services Nordic presence Building on existing platform, Danske Bank has depository functions in Denmark, Sweden and Norway. Worldwide custody network Custody network covering 90 market places. Prudent independent sub-custodian selection, with close monitoring and regular review of our network. 3
Danske Bank Depositary Services Asset Verification and Asset Safekeeping Recordkeeping, ownership verification, Third Party due diligence and monitoring Cash Flow monitoring Overview of all cash flows and identification of significant cash flows Oversight Duties Continuous risk assessment, subscriptions and redemptions, valuation of assets/units, investment compliance, timely settlements, income distribution 4
Compliance Investor Protection Depositary Services act honestly, fairly, independently, professionally and solely in the interest of the fund and its investors. Chinese Wall Principle The Depositary Services team is fully segregated from sales and trading activities, and the Chinese wall principle is applied throughout all procedures and systems. 5
Service Flow Regulation Framework Onboarding Due Diligence Control Procedures Risk Assessment Investor Protection Client Inspections and data transfers 6
Regulation Framework Compliance AIFMD & UCITS Danske Bank offers a depositary service setup that is compliant with the applicable laws and regulations at all times. Expertise Utilising our expertise and service setup will facilitate compliance with your obligations under the regulatory requirements. 7
Onboarding Due Diligence Complete Due Diligence Comprehensive and structured Due Diligence ensures common understanding on your business and ensures smooth oversight framework implementation. Tailored solution Based on Due Diligence Danske Bank can offer tailored solution and ensure seamless co-operation on daily controls and periodic risk assesments. 8
Control Procedures Focus on Core Business Our effective service setup enables us to carry out all required control procedures with minimum interference in your daily work. Automation & Flexibility Danske Bank operates on a highly automated depositary service platform with flexible connectivity solutions. 9
Risk Assessment Risk Mitigation Enhancement We conduct professional, structured and effective risk assessments, helping you identify potential and actual risks in your policies, procedures, organisation and systems. Facilitating Compliance While you are building and executing complex investment strategies, our specialists facilitate compliance through a close and constructive dialogue. 10
Investor Protection Regulatory Compliance Our focus is on ensuring investor protection and on providing you with professional and effective services that facilitate your regulatory compliance. Service Setup Using our service setup consisting of highly competent personnel and automated systems will ensure the protection of your investors. 11
Service Requirements Depositary Agreement A legal contract must be established between the fund, the fund management company and Danske Bank Depositary Services. Information Supply and Accessibility Depositary Services must be made aware of and have access to all relevant information at all times. Safekeeping of Assets All cash and custodial assets must be held with Danske Bank and our global network, unless otherwise agreed. Onsite Visits Depositary Services performs onsite visits on the premises of the fund management company. 12
How can Danske Bank help? We share common goals with our clients: investor protection and operational excellence Add value via Danske Bank s broad product offering Thorough Onboarding Due Diligence and tailor-made solutions Rigorous and fully transparent control, audit and escalation processes 13
How can Danske Bank help? We utilize Danske Bank s broad range of resources and best market practices Our mission is to enable our clients to perform 14
How can Danske Bank help? Focus on Core Business Reap the benefits of our flexible automated setup and reduce operational risk and administration allowing you to focus on your core business. Facilitate Regulatory Compliance The service facilitates compliance with your obligations under regulatory requirements Professional Service Execute complex investment strategies ensuring investor protection through the support of our specialists 15
Contact Details Esa Andersson Head of DSS Finland +358 (0)10 546 7897 esa.andersson@danskebank.com Minna Saonegin Senior Sales Manager, DSS +358 (0)10 546 7653 minna.saonegin@danskebank.com Jyrki Rantanen Depositary Services, Finland +358 (0)10 546 7539 jyrki.rantanen@danskebank.com 16
General Disclaimer This document has been prepared by Danske Bank A/S and is provided for informational purposes only. No representation is made as to its accuracy or completeness of the information contained in this document and Danske Bank A/S, its affiliates and subsidiaries accept no liability whatsoever for any direct or consequential loss, including without limitation any loss of profits, arising from reliance on the information in this document. This document is protected by copyright and is intended solely for the designated addressee. It may not be reproduced or distributed, in whole or in part, by any recipient for any purpose without Danske Bank A/S prior written consent. This document does not constitute or form part of, and shall under no circumstances be considered as, an offer to sell or a solicitation of an offer to purchase or sell any securities or financial instruments. This document may not be distributed in Canada, Japan, the United States, and the United Kingdom. 17