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A joint-venture between TD Bank and BGL, Internaxx is an international
online brokerage service for several thousands of expatriate and international
clients throughout the world.
Shareholders
TD Bank is part of the TD Bank Financial
Group - a leading e-commerce financial institution providing on-line access
to banking, discount brokerage mutual fund and insurance products and
services. In Canada and around the world, TD Bank Financial Group serves
more than 13 million customers in three key businesses: personal and commercial
banking including TD Canada Trust, wealth management including the global
operations of TD Waterhouse, and Wholesale Banking, including TD Securities.
www.td.com
www.tdwaterhouse.co.uk
BGL BNP Paribas is one of the largest banks in the Grand Duchy of Luxembourg,
with a balance sheet totalling EUR 52.8 billion at 30 June 2009. Now a
leader on its domestic market, it offers an especially wide range of financial
products to individuals, professionals, private banking clients and businesses.
BGL BNP Paribas is Luxembourg's number-one provider of banking services
to professionals and small- and medium-size companies, and number two
in services for individuals. It is also the leader for bancassurance.
www.bgl.lu
The shareholders were assigned the following long-term ratings by
Moody's and Standard & Poor's (as of 26/01/2009).
| |
TD |
BGL BNP Paribas |
| Moody's |
Aaa |
A1 |
| Standard & Poor's |
AA- |
A |
Local supervision
Internaxx Bank S.A. has the full status of a bank, and is supervised by
the "Financial Sector Supervisory Commission (Commission de Surveillance
du Secteur Financier)", which is the regulatory authority for
financial service institutions in Luxembourg.
As such, Internaxx is subject to the stringent banking and privacy laws which prevail in Luxembourg. Additionally, the Bank is a member of the "Luxembourg Association for the Guarantee of Deposits".
Luxembourg Financial Center
Luxembourg is a founding member state of the European Union and a host to major European institutions such as the the European Investment Bank, the European Audit Office and the European Court of Justice.
Its openness to foreign investment and its position as a highly regarded
and solid international financial centre have attracted more than 150 international
banks servicing clients throughout the world. In addition, Luxembourg has
grown to become the biggest investment fund center in the world after the United
States.
Its convenient geographical location, its social and political stabillty,
and its multilingual and international workforce make Luxembourg a highly
efficient and recognized hub for distributing financial services in-and
out of Europe. |
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