TPS is a contract between ZVW and its clients designed to support a stable trading pattern for the participating business. It is clear that we live in uncertain times. Political uncertainty, legislative uncertainty and economic events outside the control of the business often hinder the continuation and stability of trade. The TPS contract allows ZVW clients to maintain reliable, predictable and consistent trading results even through periods of instability, recession and economic shock. When the profits of a TPS protected business fall below the protected level, ZVW supports the business with additional income and liquidity so that pre-set profitability is maintained. Employees, lenders, suppliers and clients will feel safer in dealings with your business if you have the support of a TPS contract via ZVW. They will be able to see a stable trading pattern and so will feel more comfortable with future projection.

Yes. For each and every TPS client, ZVW forms an independent segregated fund, the sole purpose of which is to secure our duty to support your business and make the payments on the TPS contract. No other person has any call upon this fund. It is segregated to support your TPS contract only.

Yes. Clients are provided with unique control panel access, using the latest two-factor authentication technology. Clients will be able to view the performance of the fund at the touch of a button on their smart phone or computer.

Clients can appoint their own manager (including themselves) to make investment decisions, or appoint a trusted professional such as their IFA to manage the fund. Clients will be able to access a range of blue chip investment products through our trusted partners such as Royal Bank of Canada if desired, or design a bespoke investment strategy for the TPS fund. Clients have instant access to and real-time oversight of the performance of the TPS fund.

TPS is designed for the “rainy day” scenario. When times are bad, TPS will support the trading business with vital profitability and liquidity. ZVW’s intelligent systems will calculate the contract terms best for you based on your overall profitability and stability requirements and will then calculate monthly fees.

In order to maintain the consistent performance of the business and compliance with the terms of the TPS contract, we do not allow the contract to be funded to a limitless degree. The maximum stability that can be set is 50% of annual GAAP trading profits. To regulate strict compliance with these terms ZVW will require uploading of annual year end accounts and will automatically refund TPS fees paid by over-subscribed clients.

You should start your TPS contract as close as possible to the beginning of the business accounting year. For example, if your business accounting year ends 31 December 2019, you should try and start in January 2019. Protection can be started later, and ZVW’s intelligent systems will always calculate the monthly payments for you no matter when in the year the protection starts. Protection for a year cannot be obtained after the business year end has closed. It may be possible to extend a business accounting year in certain circumstances. If you wish to start protection very close to the year end, please contact us.

No. Key-man insurance is designed to pay out monies in the event of a specific event. In a TPS contract, there is no ‘shared-risk’ across multiple users. Your company’s subscription will never be used to fund someone else’s company. The TPS fund related to your TPS contract is locked and can only be used for the benefit of payments under that specific contract.

Zurich Vienna Wealth AG (‘ZVW AG’) is one of the companies in the ZVW Global Group which provides TPS worldwide and is responsible for providing key services to the ZVW Global Group including client management, data management and security, and the management development and operation of the TPS online platform ensuring that all our client and financial data is kept secure in Switzerland. The Company in the ZVW Global Group that provides your TPS will vary depending on the country you are based but ZVW AG and your dedicated client relations manager will always be your single point of contact with the ZVW Global Group and will deal with all questions relating to the operation of your TPS.

We would be delighted to welcome you to our offices in Zurich and clients are more than welcome to arrange to visit us. However, it is not necessary to come to Switzerland. Our local offices in your home country are always available for clients to meet a representative.

Each and every TPS fund is segregated from every other TPS fund and from the general assets of ZVW. Unlike a bank or insurance company which can go bankrupt losing the value of client investments, TPS funds do not form part of the general assets of ZVW. All TPS funds are held by our independent professional custodian company, which has over 20 years fund management experience.

No, although it’s not surprising if you’re reading this that you’re unfamiliar. Whilst third party treasury services have long been employed by multi-national corporations, and income protection insurance is available to certain self-employed individuals, ZVW is breaking new ground in providing such services to smaller enterprises.

ZVW works closely with you to design a bespoke TPS contract that best suits your business’ needs. We suggest that for businesses with less than €150,000 trading profits, a TPS contract is unlikely to help, however a smaller business may be able to use retained profits or balance sheet reserves to supplement trading profits. Please contact us to discuss.

No. All banking facilities are provided by ZVW and its trusted partners.

Yes, a TPS contract can be funded from capital reserves or revenue stream. Funding a TPS contract from the balance sheet will have the effect of reducing the balance sheet. Different threshold rules apply where funding is from balance sheet capital. Please contact us to discuss.

A TPS fund can invest in any asset which is not illegal or immoral or located in the USA. UK residential property is less liquid than assets such as gilts or listed shares so a sensible investment portfolio will take into account the likely requirements of liquidity that the TPS contract may require for any particular business.

No, this is a prohibited activity. If your business profits are insufficient to fund your lifestyle then you need to increase your profits and protect less profit with TPS. Please contact us to assist with setting the level of your TPS protection.

Your business may wish to increase its profits temporarily in which case your TPS contract may be put into maintenance mode where current year profits are not protected. If you wish to completely terminate the TPS contract, then all the TPS fund will be transferred back to the protected business and the ZVW account will be closed. Your TPS account can be cancelled at any time.

No. The funds held to support the TPS contract are the property of ZVW until such time as a Trade Stabilization Payment (TSP) is made. They cannot be seized by outside forces. In the event of a forced liquidation TPS contains proprietary terms that can prevent the funds being forcibly applied for the benefit of creditors to the detriment of the business.