Clients with substantial cash funds to deposit, usually amounts in excess of £1m, may wish to consider spreading their risk by holding such deposits at a number of different financial institutions.

Cayman National therefore offers Fiduciary Deposits, whereby funds are professionally managed in the money markets on behalf of the depositor. By using our treasury expertise coupled with our skills in fiduciary management, we are able to place your funds directly with other institutions on your behalf. At the outset, we agree with you a programme for investment, covering the nature and scope of the risk you wish to undertake. We then agree a list of suitable banks, building societies and finance houses with which we can transact business.

We will manage all aspects of the transaction, including the management of funds, transactions, and associated reporting. Deposits placed under our fiduciary management service do not form part of Cayman National's assets. The fiduciary management service provides you with the ability to have a spread of market risk and a professionally managed liquidity program, at a highly competitive cost and with regular consolidated reporting of activity.

This arrangement removes the requirement for the individual depositor to open different accounts with several institutions, which can be a very cumbersome and time consuming process.

It also enables Cayman National to obtain wholesale rates on behalf of its depositors, which may be higher than those which could be achieved by the depositor placing funds with those institutions directly.

Fiduciary Deposits can be provided on flexible terms and fixed from as short a period as overnight up to a maximum term of one year.