4. Why do I also need a paying agent?

A paying agent must be appointed alongside the representative. Their function is to handle financial transactions, if requested by a Swiss-based investor. It is an option to use the paying agent service, not a requirement, available to any Swiss investor wishing to subscribe or redeem their investment in a fund via an intermediary Swiss bank. In practice, the paying agent is not used for such transactions, no occurrences of using the paying agent are known.