RBC MIGRATION: FURTHER INFORMATION

As recently communicated, the administrator for all the Foord global and international funds will change to RBC Investor & Treasury Services (RBC) from 1 July 2017. This announcement contains further information for investors.

Single Collections Bank Account: Change in Bank Details 

From 1 July 2017, Foord will maintain a single set of collections bank accounts with RBC (in US dollars, Singapore dollars, euro and sterling) to receive investor monies for all funds, irrespective of their jurisdiction. The details of these accounts are set out below in the section titled “STANDARD SETTLEMENT INSTRUCTIONS EFFECTIVE 1 JULY 2017”.

Please provide this information to your bank when instructing it to remit the monies via the globally-accepted SWIFT financial messaging service. 

The bank accounts currently in use will be closed at the end of June 2017. Any investor monies deposited into the old bank accounts on or after 1 July 2017 may be returned to the sender and may not automatically be transferred to the RBC single collections account for investment.

Dealing Arrangements During Migration to RBC 

Investors should continue to send redemption and subscription requests to the current service providers making use of the existing bank accounts until 28 June 2017. Redemption and subscription requests received by JTC, FundBPO and Credit Suisse before the ruling cut-off times on 28 June 2017 will be accepted and settled by the existing service providers.

Dealing will be suspended on 29 and 30 June 2017.

Subscription and redemption requests received by JTC, FundBPO and Credit Suisse after the respective cut-off times on 28 June 2017 until 30 June 2017 midnight, will be forwarded to RBC. RBC will process these requests as of Monday, 3 July 2017.

Subscription and redemption requests received by existing service providers after midnight on 30 June 2017 will not be accepted. Investors will be invited to resend their dealing requests to RBC.

Communications

The revised transaction forms will be published on www.foord.com on Friday, 30 June 2017 but will also be available on request from Foord next week. Please do not submit these forms to existing service providers.

 The contact details of the various agent offices are as follows:

	LUXEMBOURG	SINGAPORE	SOUTH AFRICA
Agent	RBC Investor Services Bank S.A.  (for the attention of Foord Dealing team)	Foord Asset Management (Singapore) Pte. Limited	Foord Unit Trusts (RF) (Pty) Limited
Address	14, Porte de France, L-4360 Esch sur Alzette, Luxembourg	9 Raffles Place, Republic Plaza, #18-03 Singapore 048619	8 Forest Mews, Forest Drive, Pinelands 7405 South Africa
Telephone	+352 2605 2200	+65 6521 1100	+27 21 532 6969
Facsimile	+352 2460 4459

Foord has set up a toll-free hotline to assist with investor queries before, during and after the service provider migration. Investors can access the international toll-free number on +800 6521 1100 after dialling out of their home country (for example, in South Africa investors should dial “00” first). This hotline will operate during office hours in Singapore and South Africa from 19 June until 14 July.

New Investor Numbers

We expect RBC on or after Monday, 3 July to issue statements as at 30 June 2017 to all investors. Please check these statements for accuracy and completeness. These statements will reflect the new investor numbers which should be quoted on all future correspondence.

Standard Settlement Instructions effective 1 JULY 2017

To facilitate the timely processing of payments to RBC Investor & Treasury Services (RBC I&TS) in its capacity as Transfer Agent, please include the necessary information in your Standard Settlement Instructions effective 1 July 2017 as outlined in the table below. Incomplete information may result in processing delays or rejections of payments.

RBC I&TS makes use of correspondent/intermediary banks. Please ensure that full details of the correspondent bank account and the beneficiary (Foord collections account) and the investor’s name as reference are included in all payment instructions.

SWIFT message type MT103	SWIFT field tag 56A		SWIFT field tag 57A	SWIFT field tag 59		SWIFT field tag 70	SWIFT field tag 71A
Currency	Our correspondent BIC		Beneficiary bank BIC	IBAN number	Beneficiary account name	Sender to Receiver Information	Fees
EUR	BOFAGB22		FETALULL	LU61 3416 4200 5007 4800	FOORD ASSET MGT(GUERNSEY)-COLL.ACC.	ISIN, register account number or name, subscription amount	SHA
GBP	BOFAGB22		FETALULL	LU53 3414 4200 5007 0000	FOORD ASSET MGT(GUERNSEY)-COLL.ACC.	ISIN, register account number or name and subscription amount	SHA
SGD	BOFASG2X		FETALULL	LU66 3414 4200 5007 1900	FOORD ASSET MGT(GUERNSEY)-COLL.ACC.	ISIN, register account number or name and subscription amount	OUR
USD	BOFAUS3N		FETALULL	LU85 3414 4200 5007 0200	FOORD ASSET MGT(GUERNSEY)-COLL.ACC.	ISIN, register account number and subscription amount	OUR

RBC I&TS will additionally require you to include the following information within your payment instructions to comply with regulations on anti-money laundering and counter-terrorism financing.

SWIFT message type  MT103 (Cash transfers)	For EU payments (where all Payment Service Providers (“PSP”) are situated within the EU)	For non-EU payments (if one PSP is not situated within the EU)
Information related to the payer SWIFT field tag 50	account number	account number name address, or - official Identity number or - client number or - date and place of birth
Information related to the payee/beneficiary SWIFT field tag 59	account number name *	account number name *

* The payment format should be adequate to enable an accuracy check on the payee/beneficiary

AN EXAMPLE OF A USD ‘MT103 SWIFT’ INSTRUCTION:

Field tag 56A	Correspondent Bank BIC	:	BOFAUS3N
Field tag 57A	Beneficiary Bank BIC	:	FETALULL
Field tag 59	Beneficiary Account	:	IBAN Number - LU85 3414 4200 5007 0200 Account Name - FOORD ASSET MGT(GUERNSEY)-COLL.ACC.
Field tag 70	Sender to Receiver Information	:	ISIN: LU0914416168 Register account number or name: FIR123456 Michael Smith Amount: US$10,000.00 (Ten thousand dollars)
Field tag 71A	Bank Charges	:	OUR
Field tag 50	Information related to the payer	:	Account number from which the funds are sent/ remitted Investor name Investor address

Note: Field tag 50 should be completed by the remitting bank, providing details of your bank account number and your particulars maintained on its internal records.