Tag: CIS
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The Golden Rule of High Finance: Why Buyers Must Show CIS and POF First
In high finance, particularly in private placement programs (PPP), over-the-counter (OTC) trades, or structured commodities transactions, there’s a standard protocol for onboarding buyers. One of the most important and universally followed practices is that the buyer must show CIS (Client Information Sheet) and POF (Proof of Funds) first. This practice is rooted in what’s known…
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Footprint of Luxembourg UCITS
Global Fund Distribution of Luxembourg UCITS ALFI released last week the figures outlining the footprint of Luxembourg domiciled UCITS, showing the volume of assets under management in various markets globally as at December 2015, giving a breakdown in those markets of the percentage of Luxembourg UCITS, other foreign and domestic open-ended funds. According to the…