aeoi/fatca, deposit insurance, distribution fees, US inheritance tax

AUTOMATIC EXCHANGE OF INFORMATION (AEOI)
The AEOI is a standard defined by the Organisation for Economic Co-operation and Develompent (OECD) that stipulates how the tax authorities of participating countries exchange information with one another regarding the bank accounts and securities accounts of foreign taxpayers. To date, around 100 countries, including Switzerland, have decided to introduce the AEOI standard. Switzerland has already signed a declaration to introduce the AEOI or an AEOI treaty with various AEOI partner countries. The State Secretariat for International Finance (SIF) publishes an up-to-date list of Switzerland's AEOI partner countries on its website. Further information on the AEOI can be found on the SIF website.

Foreign Account Tax Compliance Act (FATCA)
In accordance with the requirements of the US Foreign Account Tax Compliance Act (FATCA), SB Saanen Bank AG has registered as a reporting financial institution under Reporting Model 2 FFI.

Entity Name:
SB Saanen Bank AG

GIIN:
MIY32V.99999.SL.756

Fatca status:
Reporting Model 2 FFI

In the event of a bank's bankruptcy, the deposit insurance scheme protects client deposits against loss up to the amount of CHF 100,000 (laid down by law). These protected deposits are paid out quickly.

Deposits at the Saanen Bank are covered by the deposit insurance scheme.

You can find more information about the deposit insurance on the website: https://www.esisuisse.ch/en

SB Saanen Bank AG can receive compensation as part of its business with various products. This compensation is due to the Bank for the tasks it performs. Further information can be found in the information sheet below.

Inheritance tax liability on direct investments in US assets

Dear Client
On the basis of the fact sheet below, we would like to inform you about any potential inheritance tax liability on direct investments in US assets.