Bank

Capital Treasury Account

Requirements

Eligibility

Restricted depositors as defined by the Class 1(2) FSA licence and Capital International Bank's risk appetite.

Minimum balance

£0

Maximum balance

Up to 14:00 - no maximum intra-day balance prior to 14:00. Balance must be cleared down to zero by 14:00. Any monies not paid away before the 14:00 cut off will be moved to the Excess Fiduciary Account (EFA) by Capital Intentional Bank or returned

Features

Linked accounts

Upon opening a CTA, an associated EFA is also provided. Any funds not instructed to move out of the CTA before the 14:00 cut-off will be transferred to the EFA

Overdraft facility

No overdraft facility currently

Inward and outward payment capability

Yes

Foreign exchange availability

Yes - across 2 CTAs held in different currencies

Currencies

GBP, EUR, USD, HKD

Balance sheet exposure

Capital International Bank

Outward payment cut off times

14:00 (with authorisation by 14:30) 

Inward payments cut off times

14:00 - inward payments received after this time will either be transferred to the associated EFA (if time allows), or the payment will be returned to the remitter

Internal transfer cut off times

CCA or EFA to CTA - 13:00 (with authorisation by 13:30)
CTA to CCA or EFA - 14:00 (with authorisation by 14:30)

Interest accrual application

Daily accrual, monthly application

Interest Payment

Applied to account only

Interest rate change notice period

7 calendar days

Interest rates

FX trading cut-off

CTA FX desk opening hours are 08:30 to 13:30 GMT Monday to Friday, excluding UK bank holidays

Covered by Depositors Compensation Scheme?

No