Capital International Bank is delighted to announce that S&P Global Ratings has assigned a credit quality rating of ‘AAAf’ and a volatility rating of ‘S1+’ to three of its Excess Fiduciary Accounts (EFA).

The ‘AAAf’ rating assigned signifies the extremely strong protection the underlying holding within the EFA provides against losses from credit defaults. The ‘S1+’ volatility rating in turn recognises that the underlying pool of assets will demonstrate extremely low sensitivity to changing market conditions.

Finance Director, Paul Atherton, commented: “This ‘AAAf’ rating by S&P Global is a significant milestone for Capital International Bank’s Excess Fiduciary Account. These accounts have proven popular with our clients and provide a competitive net return in sterling, euros and U.S. dollars and also offer same-day liquidity access. The rating reflects the strong compliance framework and treasury management of the Excess Fiduciary Account here at Capital International Bank.”  

Managing Director, Werner Alberts, also commented: “We are thrilled to receive this rating for our Excess Fiduciary Account. This recognition reinforces our dedication to providing innovative, secure and trusted banking services. For our customers, it means peace of mind knowing their Excess Fiduciary Account deposits are backed by one of the strongest credit ratings in the industry.”

Capital International Bank holds a Class 1(2) banking licence in the Isle of Man and is part of the Capital International Group. The Group employs over 200 staff in the Isle of Man and is based at Capital House in Douglas.

For further detail, please refer to S&P Global Press Release.

‍Disclaimer: Whilst a fund credit quality rating methodology has been used by S&P Global Ratings, the EFA is not itself a fund, but rather a pooled account supporting the financial products known as fiduciary deposits. ‍

Capital International Bank Limited is a wholly owned subsidiary of Capital International Group Limited (www.capital-iom.com) a privately owned financial services group based in the Isle of Man.

Capital International Bank Limited is licensed by the Isle of Man Financial Services Authority and operates as a non-retail, restricted deposit taker under a Class 1 (2) licence. Deposits are not covered by the Isle of Man Depositors’ Compensation Scheme and terms and conditions apply. Capital International Bank is the trading name of Capital International Bank Limited. Capital International Bank Limited is also licensed by the South African Reserve Bank Prudential Authority to conduct the business of a Representative Office in South Africa.

Latest time for the transfer of funds from EFA to CTA is 14:00 with authorisation by 14:15. Latest time for transfer of funds from CTA to EFA is 14:30 with authorisation by 14:45. Outward payments cannot be made from the EFA. In order to access the EFA, a Capital Call Account (CCA) and Capital Treasury Account (CTA) must first be opened. CCA and CTA balances are held on the balance sheet of Capital International Bank Limited and assumption of risk is to Capital International Bank Limited. EFA balances are held with third party recipient banks and assumption of risk in relation to EFA balances is to the recipient bank. Terms and conditions and fees related to the CCA, CTA and EFA are set out on the website www.capital-iom.com/bank