We help with Banking and FX
We work with a host of international and offshore banks, alongside asset managers and custodians. It typically takes these institutions 2 to 3 weeks to establish a new account.
This includes bank accounts for SPVs, Trusts, family offices and fund vehicles. We can assist in Jurisdictions such as Jersey, Guernsey, Isle of Man, London, Singapore and Switzerland.
Additionally, we can also assist Regulated Trustees and Corporate Service Providers (CSPs) with banking, provided the necessary client due diligence is in place.
The commercial rationale for the banking is key in our view. From an accounting perspective, we help advisors reduce the amount of non-chargeable time that they spend in establishing a new bank account for a client/structure. If you would like our assistance in this area please complete the form below.
Treasury Risk management
We can strengthen your treasury risk management framework. Our clients depend on us to manage their counterparty risk profile and maintain an approved panel of international Banks.
This includes the ongoing assessment of credit risk, liquidity ratios and credit default swaps. The collapse of Lehman Brothers and the bail out of major UK and European banks, like Northern Rock, Lloyds, RBS and more recently, Monte Dei Paschi Di Siena, reiterates the importance of diversifying bank credit risk.
We believe, the ability to maximise deposit rates should be equally matched with any given level of counterparty risk. This is key in cash management.
ikyc has your interests at heart. We believe our clients are best served through designated banking.
This is particularly true when considering banking solutions for Trustees and Corporate Service providers where the ability to strictly segregate clients assets is paramount. We also address some of the key challenges posed by Banking regulations such as Basel III, which relate to the amount of capital that banks must set aside.
Foreign exchange payments and hedging
We work with a comprehensive range of foreign exchange and payment solutions. Additionally, our pricing solutions enable you to execute on competitive terms with a clear idea of the where the market stands and what your bank’s margins are.
If you would like to discuss your banking and fx requirements with our team, please fill in the form below.