Key Attributes of Clients’ Funds Overnight Deposits:
- Exclusively managed by BlackRock for Bonds
- Compliant with safeguarding regulations
- Provides liquidity both instantly and overnight
- Direct funds flow without broker involvement
- Holds a AAA credit rating
- No risk associated with liquidity
- Holds the top-tier credit rating, consists only of short-term sovereign debt and reverse repo
Accessible in major currencies: EUR, USD, GBP
Features of Bond’s Overnight Deposits Facilities:
- Bond’s own unique overnight deposit facility
- Expanded currency offerings including BRL, SEK, DKK, and others
- Offers superior yield rates
- Liquidity is available on-demand without specific cut-off times
- Imposes the least charges
- Safest storage for funds; the securities are backed by sovereign guarantees
Safeguard Client Funds – Overnight deposit
Safeguard Client Funds – Overnight deposit facilities for Electronic Money Institutions (EMIs) not only provide the assurance of liquidity and yield across multiple currencies but also provide a robust safeguard for client funds. This one-of-a-kind facility enables non-banking institutions to safeguard their clients’ funds while earning the current central bank rate.
These overnight deposit facilities, managed exclusively for Bond by BlackRock, strictly adhere to security regulations. They are designed to provide same-day and overnight liquidity, ensuring that funds can be accessed quickly if necessary. There are no brokers involved in the flow of funds, which reduces the risk of mismanagement or misunderstanding.
- The facilities’ high credit rating is indicative of their solid financial standing and dependability. They carry the highest credit rating and pose no liquidity risk; they consist of only short-term sovereign debt and reverse repos. This reduces the probability of default and protects the client’s funds.
- These services are offered in three major currencies: the Euro (EUR), the United States Dollar (USD), and the British Pound (GBP).
Bond’s proprietary overnight deposit facility expands the currency options to include, among others, Brazilian Real (BRL), Swedish Krona (SEK), and Danish Krone (DKK). This adaptability enables a more diverse and inclusive financial operation, accommodating clients from around the world and their respective currencies.
These overnight deposit facilities offer increased returns, allowing clients to grow their funds more efficiently. In addition, they provide on-demand liquidity without cut-off times, ensuring maximum client flexibility and accessibility. The facilities have the lowest fees on the market, making them a cost-effective solution for client funds security.
Lastly, the safety of the funds is of utmost importance. The funds are held in the safest location possible, backed by government-backed securities. This provides an additional layer of security for client funds, reinforcing the firm’s dedication to protecting client funds.
By implementing these overnight deposit facilities, Electronic Money Institutions can ensure the highest levels of security, liquidity, and yield potential for their clients’ funds. It is a comprehensive solution designed to meet the ever-changing requirements of the global financial environment.