Scribd Logo
Upload

Welcome to Scribd!

  • 14 views

    Wealth Treasury Deposits IBIM2319

    Uploaded by

    Sriram Venkat
    Treasury deposits offer fixed rates of return over a set period of time. They provide certainty while allowing flexibility to invest in different currencies for various terms. Treasury deposits require a feeder account in the same currency and jurisdiction from which funds can be transferred. They have minimum deposit amounts that vary by currency and do not allow additions, withdrawals or breaking the deposit early once established. Interest is paid out upon maturity, with the rate fixed at opening based on external market rates.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Wealth Treasury Deposits IBIM2319

    Uploaded by

    Sriram Venkat
    14 views2 pages
    Treasury deposits offer fixed rates of return over a set period of time. They provide certainty while allowing flexibility to invest in different currencies for various terms. Treasury deposits require a feeder account in the same currency and jurisdiction from which funds can be transferred. They have minimum deposit amounts that vary by currency and do not allow additions, withdrawals or breaking the deposit early once established. Interest is paid out upon maturity, with the rate fixed at opening based on external market rates.

    Original Description:

    Wealth treasury deposits

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Treasury deposits offer fixed rates of return over a set period of time. They provide certainty while allowing flexibility to invest in different currencies for various terms. Treasury deposits require a feeder account in the same currency and jurisdiction from which funds can be transferred. They have minimum deposit amounts that vary by currency and do not allow additions, withdrawals or breaking the deposit early once established. Interest is paid out upon maturity, with the rate fixed at opening based on external market rates.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    14 views2 pages

    Wealth Treasury Deposits IBIM2319

    Uploaded by

    Sriram Venkat
    Treasury deposits offer fixed rates of return over a set period of time. They provide certainty while allowing flexibility to invest in different currencies for various terms. Treasury deposits require a feeder account in the same currency and jurisdiction from which funds can be transferred. They have minimum deposit amounts that vary by currency and do not allow additions, withdrawals or breaking the deposit early once established. Interest is paid out upon maturity, with the rate fixed at opening based on external market rates.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    Treasury Deposit

    Treasury Deposits are money market deposits that offer fixed rates of return over an agreed
    period. They combine certainty with flexibility and make an excellent addition to a balanced
    savings and investment portfolio. You can invest in a range of freely tradable currencies
    across a range of terms.

    Additional Terms
    These terms apply in addition to the Barclays Bank Terms for the Treasury Deposit (the Account). Capitalised words have
    the same meaning as shown in the Barclays Bank Terms.

    Availability
    1. The Account is provided by Barclays Bank PLC, London or Barclays Bank PLC (Guernsey, Isle of Man and Jersey branch).
    2. You must hold or open a suitable feeder account, which is an account in the same currency and jurisdiction as the
    proposed Account from which to transfer funds into the Account.
    3. The Account is available to personal and non-personal clients.
    4. The Account is available in a range of currencies, details of which are available on request.
    5. The Account is available in a range of terms up to 5 years.

    Restrictions
    6. Minimum deposit: amounts vary by currency. Please contact us for details.
    7. Additions, withdrawals or breakages are not permitted during the term.

    Account Maturity
    8. When you open the Account, you must provide instructions for where to pay the proceeds on maturity. If we do not
    have your instructions about where to pay the proceeds at maturity, or if you have instructed the Bank to renew the
    your Account at maturity, the Bank will automatically renew the deposit for a further period of the same number of
    days/months at the interest rate then current. You can call us on or before the maturity date to obtain an indicative rate.
    9. In the event that you no longer require the deposit to be automatically renewed, please ensure that your instructions
    about where to pay the proceeds on maturity are given to the Bank prior to:
    - 12 noon on the maturity date for GBP deposits
    - 12 noon two days prior to the date of maturity for all other currencies

    Interest
    10. The interest rate is fixed at opening. The rate is based on an external market rate which varies on a daily basis. We will
    confirm the exact rate when the deposit is placed.
    11. Interest is paid on maturity.
    12. The rate will be calculated using a number of factors, including a margin and an externally set benchmark rate for the
    currency and term of your deposit. If, on renewal, we have changed the margin or benchmark (you can call us to find
    this out), you may end the new agreement at no cost within five Working Days of the start of the new term.
    Law
    13. The terms applying to the Account are governed by: (a) English law, where the Account is booked in the UK, (b) Jersey
    law where the Account is booked in Jersey, (c) Manx law, where the Account is booked in Isle of Man, (d) Guernsey law,
    where the Account is booked in Guernsey.

    Your right to cancel


    14. There is no right to cancel this Account.

    We are pleased to help our clients in any way possible. If you require documents in Braille, large print or audio, please contact us
    Barclays offers private and overseas banking, credit and investment solutions to its clients through Barclays Bank PLC and its subsidiary companies.
    Barclays Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority
    (Financial Services Register No. 122702) and is a member of the London Stock Exchange and NEX. Registered in England. Registered No. 1026167.
    Registered Office: 1 Churchill Place, London E14 5HP.
    Barclays Bank PLC, Jersey Branch is regulated by the Guernsey Financial Services Commission under the Protection of Investors (Bailiwick of Guernsey) Law 1987, as amended.
    Barclays Bank PLC, Jersey Branch has its principal business address in Jersey at 13 Library Place, St Helier, Jersey JE4 8NE, Channel Islands.
    Barclays Bank PLC, Isle of Man Branch is licensed by the Isle of Man Financial Services Authority. Barclays Bank PLC, Isle of Man Branch has its principal business address in
    the Isle of Man at Barclays House, Victoria Street, Douglas, Isle of Man, IM99 1AJ.
    Barclays Bank PLC, Guernsey Branch is licensed by the Guernsey Financial Services Commission under the Banking Supervision (Bailiwick of Guernsey) Law 1994, as amended,
    and the Protection of Investors (Bailiwick of Guernsey) Law 1987, as amended. Barclays Bank PLC, Guernsey Branch has its principal place of business at Le Marchant House,
    St Peter Port, Guernsey, GY1 3BE.
    Item Ref: IBIM2319_OS. April 2019

    You might also like