Capital Term Deposit Account (CTD)

The Capital Term Deposit Account (“CTD”) is a product that allows you to place funds on fixed term deposit.

Currently this service is only available for GBP, EUR and USD.

There is a minimum deposit of £250K and a maximum of £1Million (or currency equivalent).

Deposits are held on the balance sheet of Capital International Bank Limited.

Deposits cannot be amended or broken once placed.

Interest will be credited upon maturity.

No deposit placed with Capital International Bank Limited has protection under any depositor compensation scheme and funds are placed at the client’s sole risk.

Full details and the Terms & Conditions are available on Capital International Bank’s website.

How to arrange a CTD

A CTD is an account against which all your fixed term deposit deals are placed direct with Capital International Bank.

It is a pre-condition of opening a CTD that you must hold CTA/EFA accounts with us.

The opening of a CTD needs to be completed in advance of you placing funds on fixed term deposit deal.

To do this you will need access to Secure Messages and your Mandate Administrator needs to grant you Correspondence Authority permissions.

Please note: any individual issued with Correspondence Authority can instruct a CTD arrangement, without restriction, on behalf of the client. It is not possible to restrict access by request type.

To create a new request, you need to:

1. Navigate to Secure Messages - which can be found in your main navigation menu.
2. Press the New Request button.
3. Select the request type ‘Additional bank account request’
4. Fill in the request details: Select ‘Capital Term Deposit Account’ from the Product Type drop-down, input GBP, EUR or USD into the Product Currency field and send the request.

Once you have done this, we will send you the Product Terms & Conditions which you will agree to via Secure Messages. When these are returned, we will arrange for the account to be opened and we will confirm this back to you. Please note that whilst you may be called by our Treasury Team, all confirmations and instructions will be through Secure Messages. If you get an email that looks like a message from our team, you should treat it as suspicious.

Receiving a rate and placing funds:

• Navigate to Secure Messages - which can be found in your main navigation menu.
• Press the New Request button.
• Select the ‘Request a deposit quote’ request type and Client.
• Fill in the request details and send the request.
  

You will then receive a message back from our Treasury Team which will detail:

• Recipient Bank
• Principal Amount
• Rate
• Term / Maturity Date

If you are happy with the quote, you should reply confirming your agreement.

You will then receive back a deal confirmation and your account will be debited with the principal and fee.  

How to view your CTDs

CTDs can be viewed on your Accounts List screen in VELTA by clicking the ellipsis and selecting 'View deposits'.

To view further information relating to the CTD deal, click the Deal Reference number.

What happens on maturity?

On the maturity date, principal and interest will be repaid to your CTA account.

If you wish to re-place your funds you should follow the process detailed in the section 'Receiving a rate and placing funds' ahead of cut-off time.