A world of possibilities at your fingertips with FNB Global ...

An Authorised Financial Services and Credit Provider (NCRCP20) .- a division of FirstRand Bank Limited.

A world of possibilities at your fingertips with FNB Global Solutions

Introduction

FNB Global Solutions combines the very best of FNB’s international offerings.

Our all-encompassing offshore solution has been specifically designed for individuals and families looking to access and broaden their offshore exposure. Global solutions presents a seamless answer to your international investment needs, one that covers all aspects of moving and investing funds abroad.

With global solutions you can transact on the world stage quickly and conveniently using our award-winning digital platforms. When required, you can tap into expert advice across our range of products and areas of specialisation.

Introduction

Your offshore investment journey

Your needs. Our solutions

Foreign exchange

FNB Global Account

Travel solutions

Bank and save globally

Offshore investment

Offshore trusts and structuring solutions

Where to start

Solving for your offshore needs

Contact us

Starts with a thorough understanding of your needs, no matter what they are.

From simple offshore diversification to complex global structures, cross-border property or equity investments or a suite of solutions designed to protect your legacy for future generations.

To best serve your needs, we have combined the pinnacle of our international offerings to create a single solution that opens up the world, creating new and exciting opportunities to grow your wealth, preserve your legacy and effectively diversify your portfolio.

Welcome to global solutions.

Where and howshould I invest?

How can I save for my overseas holiday?

I want to move mymoney offshore 0% I need help with

tax clearance

How can I save formy child’s overseastuition?

How can I buy aproperty overseas?

I want to build orswitch an existingInternational portfolio

I need assistancedrafting an offshore will

I need help planning for future generations

Can you help structure my offshore trusts?

Introduction

Foreign exchange

FNB Global Account

Travel solutions

Offshore investment

Where to start

Contact us

Your needs. Our solutions.

Global citizens move, live, transact and invest across borders. This makes the world your financial oyster, but it also necessitates access to offshore solutions and offerings that transcend day-to-day wealth management services.

Your specific needs and the nature of your international focus will determine which of our global solutions is relevant to you at each stage of your offshore journey. The global solutions offering is designed to meet all of your requirements through a coordinated system that draws in competencies from across the FirstRand Group. This approach also gives you the flexibility to make use of just some elements on offer, in line with your personal motivation and offshore philosophy.

Introduction

Foreign exchange

FNB Global Account

Travel solutions

Offshore investment

Where to start

Contact us

Diversification

Global solutions was designed to help you diversify your wealth

beyond South African borders and into different geographies,

asset classes and industries, as well as into leading world currencies.

The process of diversification acts as a brake against volatility in

the market and creates new avenues for growing your capital and

investments.

Our experts can guide you through the regulations and process of

moving money offshore, be it via the R1 million per annum single

discretionary allowance (available to each South African resident

individual over the age of 18) or the R10 million per calendar year

foreign investment allowance (which requires tax clearance approval

from the South African Reserve Bank).

For many wealthy clients these drivers include:

Access to global investments

Investing on the world stage offers access to exciting global

companies and opportunities. This gives your investment portfolio a

wider geographic footprint and allows for the inclusion of currency

diversification options.

The holistic global solutions offering works with you to navigate the

complexities of offshore investing by combining specialist insights

across the following areas:

• Stockbroking – through our global trader product

• International portfolio management

• International financial advice

Introduction

Foreign exchange

FNB Global Account

Travel solutions

Offshore investment

Where to start

Contact us

Currency protection

The volatility of the rand has the potential to derail both longer-term

investment projects as well as short-term savings, be it for a once-

in-a-lifetime travel experience or a bespoke international wedding.

Global solutions makes it easier to diversify your rand-based cash

holdings into US dollars, pound sterling or Euros using our global

account, thereby avoiding the uncertainty associated with currency

fluctuations and enabling you to save now and travel or invest later.

Estate and succession planning

Our experts work with you to structure your offshore estate with

both tax efficiency and succession planning in mind. The global

solutions offering covers:

• Wills

• Situs assets

• Offshore structures

Transactional capabilities

Transact easily and quickly using our secure digital channels, either

through the global account or via the range of options available to

you from Guernsey-based FNB Channel Islands.

Introduction

Foreign exchange

FNB Global Account

Travel solutions

Offshore investment

Where to start

Contact us

Foreign exchange

In 2020, for the fifth consecutive year, FNB has been globally recognised as the Best Foreign Exchange Provider in South Africa by Global Finance Magazine*.

Our extensive forex capabilities are central to the overarching global solutions offering, both as a tool for externalising wealth and as a means of optimising your global wealth strategy.

Fund your offshore account from South Africa, obtain foreign currency for travel, make online global payments quickly and easily, and enjoy individualised pricing and enhanced dealing access when you transact regularly.

When it comes to forex solutions, we pride ourselves on our hedging capabilities, offering a forward exchange contract that enables you to manage currency exposure from a timing perspective.

The benefits of this instrument include:

• An agreed exchange rate on an agreed future date at which currency is exchanged.

• Currency is delivered on the maturity date at the agreed rate, regardless of prevailing market rates.

• 100% protection in volatile markets but no participation in favourable conditions.

• The ability to extend the agreed future date – which will have an impact on the resultant cashflow.

* Global Finance World’s Best FX Providers 2017 - 2020

Additional forex benefits:

• Trade solutions for import and export needs - including letters of credit, foreign bills for collection and foreign guarantees.

• Regulatory services to help you navigate the complexities of inward and outward foreign investments.

• Travel solutions that are simple, secure and convenient, ensuring you have the right mix of foreign currency and preloaded travel cards. We can also assist with any pre-trip payments such as car hire or accommodation.

Introduction

Foreign exchange

FNB Global Account

Travel solutions

Offshore investment

Where to start

Contact us

FNB Global Account

The FNB Global Account is the ideal solution for housing your annual R1 million single discretionary allowance in the foreign currency of your choice.

The FNB Global Account can be opened swiftly online and, once activated, gives account holders the ability to process global transfers and payments online or via the FNB App. In addition, you can earn eBucks Rewards for regularly funding and maintaining a minimum balance in your FNB Global Account.

For those South African resident individuals making use of the R10 million annual foreign investment allowance, the FNB Global Account neatly bridges the gap between converting funds into a foreign currency and investing in the FNB Channel Islands range of investment products.

The account attracts no monthly fees and has no minimum balance. Having opened a FNB Global Account you can make payments abroad and receive earnings from abroad directly into this account.

It is possible to save and transact in nine foreign currencies with a FNB Global Account, without having to step foot outside South Africa. The FNB Global Account card gives access to US Dollar, Euro or British Pound funds around the world, making it the ideal travel companion. In addition, the card gives access to more than 1 000 airport lounges around the world through LoungeKey.

Introduction

Foreign exchange

FNB Global Account

Travel solutions

Offshore investment

Where to start

Contact us

Travel solutions

Using the FNB Global Account enables you to travel, save, invest and transact in nine foreign currencies*. This puts a unique forex hedging capability in your hands, irrespective of whether you are saving for future travel or to diversify your savings.

Your FNB Global Account comes with an internationally accepted global debit card that gives you:

• Access to more than 1 000 LoungeKey airport lounges outside South Africa.

• Ten complimentary LoungeKey visits per calendar year.

• Enables you to bring one guest per airport lounge visit, which will be deducted from your complimentary visits. Additional guests are charged at US$27 per person per visit which will be charged to your global debit card.

Before your international travels, you can issue a global debit card on your accounts using the FNB App or via FNB Online Banking.

You can also order a Multi-Currency Cash Passport™ for your partner and children, which can be funded directly from your FNB Global Account.

Pound Sterling, US Dollar, Euro, Australian Dollar, Indian Rupee, Chinese Renminbi, United Arab Emirates Dirham, Swiss Franc and Canadian Dollar.

Introduction

Foreign exchange

FNB Global Account

Travel solutions

Offshore investment

Where to start

Contact us

Global solutions has great options for clients to transact and save offshore in GBP, USD dollars or EUR.

Guernsey-based bank FNB Channel Islands offers a range of transactional and savings* accounts with attractive interest rates, in varying terms to match your specific needs.

All accounts are available as joint accounts, with the option of adding up to four members. You can view and transact on your FNB Channel Islands accounts using our suite of digital solutions, accessible via

* Savings accounts are available in three currencies - Pound Sterling, US Dollars and Euros – and offer competitive interest rates.

Sterling current accounts Call accounts 32 Day notice accounts Fixed deposit accounts

Sterling current accounts

are available for day-to-day

banking transactions, provide

instant access to funds, and

come with an internationally

accepted Visa card for easy

transacting. If clients maintain

a minimum balance of £2,500,

no monthly fees apply.

Call accounts are suitable for

clients who require immediate

access to their money while

still having the flexibility to

add funds at any time.

No monthly fee.

32 Day notice accounts

require notice to be given

before funds can be accessed.

Funds may be added at any

time. No monthly fee.

Fixed deposit accounts

provide a fixed rate for the

term of the respective deposit.

Funds may only be added

at maturity. These savings

accounts typically provide

more rewarding returns than

those available on call or

32 day notice accounts. Our

fixed deposit accounts are

available in 3, 6, 12, 18, 24

and 36-month terms. No

monthly fee.

Introduction

Foreign exchange

FNB Global Account

Travel solutions

Offshore investment

Where to start

Contact us

Investing offshore

FNB Stockbroking and Portfolio Management provides you with an easy and efficient way to diversify and invest offshore.

Use our cutting-edge online platform to trade offshore with or without the assistance of a highly experienced portfolio manager who can assist you to select investments in keeping with your specific needs.

Invest in offshore shares, exchange traded fund (EFTs), bonds and unit trusts using the secure Global Trader Platform. Clients can trade online in US dollars, pounds or Euros on more than 25 global exchanges.

If you are looking for a managed portfolio, FNB Stockbroking and Portfolio Management gives you access to a tailored portfolio whereby we will build a portfolio aligned to your needs. Alternatively you have access to 5 offshore model portfolios whereby we take responsibility for the selection of the investments and actively manage the portfolio on your behalf. You will need R2 500 000 to invest.

Global leaders equity portfolio

Invest in leading companies that are listed globally across multiple jurisdictions, maximising your total returns on a US Dollar basis.

Global equity income portfolio

A long-term concentrated investment approach which selects companies globally that have a proven track record of progressively paying dividend income, supported by stable balance sheets and sustainable cash flow.

Global equity growth portfolio

This portfolio adopts a concentrated, long-term investment approach which is unconstrained by traditional benchmarks. This enables us to focus on a selection of equities which aim to deliver above-average capital returns.

Multi asset balanced portfolio

A moderate-risk strategy for clients who are prepared to accept some fluctuations in the value of their assets, balancing safety and capital growth from a diversified multi asset approach.

Multi asset growth portfolio

This portfolio is designed as a moderate to higher-risk strategy for clients who are prepared to tolerate larger fluctuations in the value of their assets to achieve a higher longer-term return from a diversified multi-asset approach.

Introduction

Foreign exchange

FNB Global Account

Travel solutions

Offshore investment

Where to start

Contact us

Global solutions provides the most efficient structuring for your wealth and financial legacy to ensure that the transfer to future generations is seamless.

Our offshore fiduciary specialists, who operate through Guernsey based FNB International Trustees Limited, take into account your specific circumstances and then guide you through the process of establishing the most appropriate structure for your needs. Ongoing support is provided throughout the process.

Solutions required may be as simple as drafting an appropriate offshore Will, or may require the establishment of a more sophisticated structure, such as an offshore trust.

A trust exists when a person (the settlor) transfers assets to another person (the trustee) who holds the legal title to assets (the trust fund) not for himself, but for the benefit of others (the beneficiaries). This is in accordance with the terms and conditions usually set down in writing in the form of a trust deed, and the relevant law where the trust is based.

Introduction

Foreign exchange

FNB Global Account

Travel solutions

Offshore investment

Where to start

Contact us

The seasoned professionals at FNB International Trustees Limited work closely with their South African counterparts and, where possible, meet and engage directly with you.

The benefits which these experts bring to the global solutions offering include:

Our expert fiduciary specialists also have experience in transferring existing offshore trusts to FNB International Trustees.

Access

to a wide range

of international

investments.

Flexibility

courtesy of a trust

deed with wide

ranging powers.

Continuity

after all, a trust

may span several

generations.

Protection

for future

generations.

Estate planning

avoiding costs

and delays during

executorship.

Tax efficiency

optimise your

offshore planning

Non-Guernsey income is not subject to income tax; similarly, there is no

dividend withholding tax, capital gains tax,

inheritance tax, death duties, or VAT.

Introduction

Foreign exchange

FNB Global Account

Travel solutions

Offshore investment

Where to start

Contact us

Effective offshore trust options:

When selecting an appropriate offshore trust structure it is necessary to find the right fit for your family circumstances, as well as one suited to any prevailing amendments to legislation, either in South Africa or elsewhere. Global solutions offers three tailored options:

Once our fiduciary specialists have guided you through the process of establishing the structure, you will continue to receive ongoing support in the form of reporting and regular meetings, where appropriate, with representatives of FNB International Trustees Limited directly.

Dry trust:

A cost-effective dormant trust aimed at

receiving assets on a future date. Also

referred to as a “bottom drawer trust”.

Cash builder trust:

A trust with a FNB Channel Islands bank

account. A solution to start growing

foreign currency in a trust.

The Ashtrust:

Provides a simple and cost-effective

means of holding Ashburton Investments

with a loan account, if required.

Introduction

Foreign exchange

FNB Global Account

Travel solutions

Offshore investment

Where to start

Contact us

Effective offshore trust options:

In addition to the Ashtrust, platform trust and Bespoke trust, we have the following offerings:

The platform trust:

A cost-effective option of holding a

diversified FNB Advisory solution in line

with our house view.

Stockbroking trust:

A solution for holding an approved

stockbroking platform in a trust

The bespoke trust:

This is a more complex trust able to

hold a wide range of international

assets, including real estate but still at a

competitive cost.

Introduction

Foreign exchange

FNB Global Account

Travel solutions

Offshore investment

Where to start

Contact us

Where to start

Global solutions equips your private banker with the tools and expert input to manage your offshore portfolio with skill and precision.

Together with a team of wealth managers, portfolio managers, fiduciary specialists and cross-border or foreign exchange professionals, we can structure an offshore investment solution that fits you and your circumstances perfectly.

The starting point is undertaking a thorough assessment of your financial affairs, family situation and estate structures. This information is then married to an appropriate set of solutions based on considerations such as your financial life stage and the amount of gearing on your balance sheet. We will also undertake an asset and liability matching analysis to determine the best approach for your needs based on appropriate governance and our investment house view.

During this process, we will:

• Provide long-term, ongoing advice and management of your portfolios.

• Disclose all fees and any commission or rebate and credit against the management fee.

Once a clear plan has been established your private banker and wealth manager will help you with the execution. This will include help navigating the journey through the enhanced KYC (Know Your Customer) requirements of establishing offshore investments, and expert guidance from an exchange control point of view.

You also get the benefit of access to our international investment advisory business which will assist in investing your wealth across international markets, providing both initial and ongoing investment advice to help meet your individual offshore financial goals.

You will also receive assistance in coordinating exchange control requirements through a select team of cross-border advisory specialists. If you wish to make use of the R10 million foreign investment allowance, this team will walk you through and expedite the process of obtaining a tax clearance certificate. They will also be able to advise on more complex issues and provide hedging solutions to protect you against exchange rate fluctuations.

Introduction

Foreign exchange

FNB Global Account

Travel solutions

Offshore investment

Where to start

Contact us

Whether you are looking to transact in foreign currency, establish an offshore trust or require structured foreign based investments, our global solutions is expertly positioned to meet your offshore needs.

Your private banker will work closely with the team of experts to construct a plan that incorporates the best offshore offerings for your requirements.

Introduction

Foreign exchange

FNB Global Account

Travel solutions

Offshore investment

Where to start

Contact us

DISCLAIMER: Please note that this guide is only for general information purposes and does not create a binding agreement between you and the bank. Your current and future agreements with the bank remain unaltered by this guide. If there is any conflict between this guide and any legal agreement you have with the bank, the legal agreement would prevail.

This guide may be updated from time to time, please only refer to the most recent version for guidance.

For more information

Speak to your private banker or wealth manager. Alternatively, contact the dedicated FNB Private Wealth Suite on 087 730 6000 or email

Introduction

Foreign exchange

FNB Global Account

Travel solutions

Offshore investment

Where to start

Contact us

A world of possibilities at your fingertips with FNB Global ...

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