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AMFIE European Co-operative Association of International Civil Servants

AMFIE European Co-operative Association of International Civil Servants. Janine Rivals - Vice Chairwoman Board of Directors. MAIN ADVANTAGES OF AMFIE'S OPERATIONS. FLEXIBILITY SECURITY AND SAFETY CONFIDENTIALITY. Staff of intergovernmental organisations. To their family through

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AMFIE European Co-operative Association of International Civil Servants

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  1. AMFIEEuropean Co-operative Association of International Civil Servants Janine Rivals - Vice Chairwoman Board of Directors

  2. MAIN ADVANTAGES OF AMFIE'S OPERATIONS • FLEXIBILITY • SECURITY AND SAFETY • CONFIDENTIALITY

  3. Staff of intergovernmental organisations To their family through - Joint accounts - Additional sub-accounts Financial Institution Under Luxembourg Legislation • OPEN to: - Staff members - Consultants - Retirees

  4. THE CURRENT/SAVINGS ACCOUNT BASIS for Member’s relationship with AMFIE • NO ACCOUNT MAINTENANCE FEE • REMUNERATED EVERY 6 MONTHS

  5. THE CURRENT/SAVINGS ACCOUNT • AUTOMATICALLY IN SIX CURRENCIES • BETWEEN THEM • Interbank : Spot Exchange Rates • No Commission Euro CHF USD GBP CAD AUD

  6. SAVE Monthly deposits Occasional deposits Salary deductions by the organisation Deposit of pension benefits WHAT CAN YOU DO WITH AN AMFIE ACCOUNT ?

  7. INVEST Term Deposits: AMFIE FLEXIBLE Bonds, Shares, Mutual Funds (usually at preferential rates) Capital Guaranteed Products WHAT CAN YOU DO WITH AN AMFIE ACCOUNT ?

  8. BASIC PRINCIPLES OF AMFIE'S OPERATIONS FLEXIBILITY • WITHDRAWALS • MONTHLY OR OCCASIONAL TRANSFERS TO YOU OR TO A THIRD PARTY THROUGH AMFIE’S CORRESPONDING BANKS FREE OF CHARGE • BANK CHEQUE FROM A CORRESPONDING BANK  TO YOU OR TO A THIRD PARTY  FREE OF CHARGE • WORLD MASTERCARD  30 EUROS PER YEAR NO COMMISSION ON PURCHASES BUT FEES ON CASH WITHDRAWALS

  9. BASIC PRINCIPLES OF AMFIE'S OPERATIONS FLEXIBILITY • DEPOSITS • NO MINIMUM - NO MAXIMUM • BY TRANSFER FREE OF CHARGE THROUGH AMFIE'S NETWORK OF CORRESPONDING BANKS • BY CHEQUE TO AMFIE • DIRECTLY FROM PENSION FUNDS • DIRECTLY FROM PAYROLL

  10. BASIC PRINCIPLES OF AMFIE'S OPERATIONS SECURITY • MONEY MARKET INVESTMENTS ONLY ON TERM DEPOSITS HENCE • NO INVESTMENTS IN FINANCIAL PRODUCTS   HENCE NO RISK NO LOSS FOR MEMBER’S CURRENT ACCOUNT DEPOSITS • PORTFOLIO INVESTMENTS ONLY FOR MEMBERS AT THEIR OWN RESPONSABILITY

  11. BASIC PRINCIPLES OF AMFIE'S OPERATIONS CONFIDENTIALITY • AMFIE'S OPERATIONS SUBJECT TO LUXEMBOURG LEGISLATION ON CONFIDENTIALITY HENCE • NO COMMUNICATION OF INFORMATION BUT • LARGE DEPOSITS MUST BE JUSTIFIED

  12. BASIC PRINCIPLES OF AMFIE'S OPERATIONS CONFIDENTIALITY • WITHHOLDING TAX ON INTEREST IF NO EXEMPTION • WITHDRAWALS MUST BE REQUESTED BY FAX AND • STATEMENTS WITHOUT NAME/ACCOUNT NUMBER CAN BE CONSULTED ONLINE THROUGH AMFIE.NET OR • MONTHLY STATEMENTS (hard copy)

  13. UPON MEMBER’S DEATH PRESENTATION OF DEATH CERTICATE ASSETS PASS WITHOUT LUXEMBOURG INHERITANCE TAX TO THE MEMBER’S HEIRS. SURVIVING SPOUSES AND CHILDREN MAY BECOME MEMBERS OF AMFIE

  14. 25 A, boulevard Royal L-2449 Luxembourg • BP268 L-2012 Luxembourg • Tel: +352 42-36-611 • Fax: +352 42 36 61 240 • www.amfie.org

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