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Banking Services
Trust Services
Custody Services


20 Genesis Close
P.O. Box 314
Grand Cayman
KY1-1104
Cayman Islands
p:345.946.2078
f: 345.946.2079
e: info@cibank.ky

 

Custody Services

CIB’s global custody service provides for the settlement and safekeeping of our clients' portfolio of exchange traded and fund of hedge fund securities. Being independent, CIB doesn’t provide asset management services itself; it remains neutral, precluding any potential conflicts of interests with its clients.

To provide these services, CIB has formed a strategic partnership with the Darwin Platform, an institutional middle office provider, and has arrangements in place with Kas Bank, a Pan-European specialist in wholesale securities services. CIB selected these partners as they provide the best solutions and the best infrastructure to match our own and our clients’ needs.

Our partner’s operational platform links in with Bloomberg, allowing it to capture trades at origination; alternatively trades can be instructed via either SWIFT or through file transfer. Data links with execution platforms, prime brokers and custodians provide for the timely recognition and settlement of transactions.

Through our partners' global network we are able to settle trades in almost 100 markets worldwide, including the USA, Canada and all the major markets in Europe, Far East and Middle East.

Core Custody Services

  • Safekeeping of assets
  • Timely settlement of securities transactions
  • Notification of stock splits, mergers, and other corporate actions that impact your holdings
  • Collection of dividend and interest payments
  • Proxy services
  • Comprehensive client reporting

CIB’s custody services are provided at very competitive fee levels, and as CIB is located offshore, clients' assets are held offshore through CIB, further demonstrating that the clients' centre of main interest is indeed offshore.

Fund of Hedge Fund Custody
CIB’s senior management has extensive experience of managing fund of hedge funds custody.
Either independently, or in combination with the funds administrator, CIB can provide the following services:
 

  • Safekeeping of Fund of Fund assets
  • Execution of subscription and redemption documentation, including payment of subscription and receipt of redemption monies
  • Notification of corporate actions
  • Proxy services
  • Monthly portfolio reporting

 

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