Bank

Bespoke Fiduciary Account

Requirements

Eligibility

Holders of a GBP, USD or EUR CTA with available funds £1m+ or currency equivalent

Instructions

Must be received at 10:00 GMT for same day placement

Minimum balance

£1m or currency equivalent

Maximum balance

Unlimited

Features

Currencies

GBP, USD, EUR

Overdraft facility

No overdraft facility

Inward and outward payment capability

No – funding & re-payment via CTA only

Internal Transfers

No

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