Eligibility
Holders of a GBP, USD or EUR CTA with available funds of £1m, $1m or €1m
Instructions
Must be received at 10:00 for same day placement
Minimum balance
£1m, $1m or €1m
Overdraft facility
No overdraft facility
Inward and outward payment capability
No – funding & re-payment via CTA only
Liquidity*
On maturity – breakages not permitted
Interest application*
On maturity
Interest payment
To CTA with Principal at maturity
Interest rates
Agreed with Treasury
Balance sheet exposure
Balance sheet of Recipient Bank
Risk
The client assumes the credit risk of the Recipient Bank
