Following a group-internal business transfer, current brokerage and custody agreement with FIM Investment Services Ltd and book-entry accounts with FIM will be transferred to S-Bank as of 1 March 2016. The transfer will be carried out automatically and requires no action on the customers’ part.
After the transfer, the brokerage and custody services will be provided by S-Bank and the agreement pertaining to said services and the book-entry account will be between the customer and S-Bank. The agreement with S-Bank will enter into force at the moment of transfer on 1 March 2016.
To review and print out the terms and conditions for the agreement, please see below. Following the transfer, the terms and conditions will be revised only as necessary to reflect that the brokerage and custody services and the bank accounts will be provided by the same provider, i.e. S-Bank.
The transfer will not result in any changes or interruptions in securities trading or custody services.
No action on your part is required if you accept the transfer of your brokerage and custody agreement and your book-entry account to S-Bank. If you do not accept the transfer of your brokerage and custody agreement and your book-entry account to S-Bank, you are obliged to terminate the agreement in writing by 25 February 2016 and to transfer your book-entry account to another service provider.
For more information on the transfer of the brokerage and custody services, please contact FIM Customer Service, at firstname.lastname@example.org, or by phone at tel. +358 (0)9 6134 6250 (Mon–Fri 8 a.m. – 5 p.m.).
How does the transfer affect the customers?
For customers, the effects will be minor. The book-entry account numbers and the trading portfolio and account numbers will not change. None of our service staff will be affected and you can use our services just as before.
What should I do if I do not accept the change?
If you do not accept the transfer of your brokerage and custody agreement and your book-entry account to S-Bank, you are obliged to terminate the agreement in writing by 25 February 2016 and to transfer your book-entry account to another service provider.
Will the transfer of my book-entry account result in tax consequences?
The transfer of you book-entry account will not have any effects on your taxation. All acquisition information and other trading data will also remain unchanged.
Will the existing online banking authorisations remain valid?
The transfer does not affect the authorisations. Any authorisations given for brokerage and custody services will remain valid.
Where will my dividends be paid after the transfer of the book-entry account?
Dividends will be paid to the FIM Investment Account linked to the portfolio even in future. You can use the FIM Investment Account like a normal bank account through online and mobile banking.
Will the transfer affect the trading prices?
There will be no effects. Despite the new service provider, the prices will remain the same.
Will there be any changes in reporting?
There will be no changes in reporting. All reporting to the tax authorities will also be carried out automatically.