The Swiss Life Network is pleased to announce a new service for multinational pooling clients available from 2005: direct local payments of international dividends to local subsidiaries.
Subsidiaries benefit
Since most subsidiaries of multinational corporations are treated as profit centers, it makes sense to allow them to benefit directly from the cost savings derived from positive international experience rating on their local group contracts.
Added savings
Furthermore, the new service provides additional advantages to both multinational headquarters and local subsidiaries by:
- reducing intra-company administration,
- avoiding unnecessary taxes,
- eliminating cash transfer costs, and
- excluding currency exchange risks.
Take advantage of this new option
Your Swiss Life Network sales executive will be pleased to register formal requests from multinational headquarters for international dividends to be disbursed to the local subsidiaries involved. The local payments will be made once your multinational headquarters has accepted the international profit and loss account.
Special features
As a further service, we are pleased to offer you the option to have the Swiss Life Network HQ hold back an amount for parent company expenses before the international dividend is paid out locally. In addition, you can request the local Network Partner either to pay out the dividend amount in cash, or deduct it from the next year’s premium.
This transparent, flexible and cost-saving new service is a useful extension to the long list of advantages provided to multinationals and local subsidiaries with a Swiss Life Network international program.
For more information please contact your Swiss Life sales executive.
Since most subsidiaries of multinational corporations are treated as profit centers, it makes sense to allow them to benefit directly from the cost savings derived from positive international experience rating on their local group contracts.
Added savings
Furthermore, the new service provides additional advantages to both multinational headquarters and local subsidiaries by:
- reducing intra-company administration,
- avoiding unnecessary taxes,
- eliminating cash transfer costs, and
- excluding currency exchange risks.
Take advantage of this new option
Your Swiss Life Network sales executive will be pleased to register formal requests from multinational headquarters for international dividends to be disbursed to the local subsidiaries involved. The local payments will be made once your multinational headquarters has accepted the international profit and loss account.
Special features
As a further service, we are pleased to offer you the option to have the Swiss Life Network HQ hold back an amount for parent company expenses before the international dividend is paid out locally. In addition, you can request the local Network Partner either to pay out the dividend amount in cash, or deduct it from the next year’s premium.
This transparent, flexible and cost-saving new service is a useful extension to the long list of advantages provided to multinationals and local subsidiaries with a Swiss Life Network international program.
For more information please contact your Swiss Life sales executive.