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Terms and Conditions, Policies and Regulation

Best Execution Policy

Butterfield Bank (Guernsey) Limited (the Bank) must provide best execution when transacting for its clients unless there is specific instruction to the contrary provided by the client.

 

A number of factors can influence how best execution is achieved. Under normal circumstances the price achieved has a high importance, but due consideration must be given to the cost, speed and the likelihood of execution as well as the client’s characteristics and specific requirements in relation to the transaction being undertaken.


Where the Bank undertakes such execution in non-collective investment holdings i.e. equities, corporate bonds, government debt etc. we will normally pass the order to another firm that is subject to regulation by the Guernsey Financial Services Commission or an equivalent regulator. Where the Bank acts as the execution venue, all sources of reasonably available information shall be used to ensure best execution is achieved.
 

Professional Experience



At Butterfield in Guernsey our investment team of 9 people has a cumulative total of 108 years experience within the investment industry.  Our Investment Managers have all worked together for between five and fifteen years, and have significant expertise in the management of widely diverse discretionary mandates.  We have an established record in the successful execution of diverse orders as agreed on a case by case basis with the Bank’s clients.

In addition, at Butterfield we have a custody team of 33 people providing custody across global markets and with extensive instrument coverage. We offer knowledge-based solutions for complex or unusual technical requirements. We also provide Custodian Trustee services for Guernsey-based funds and therefore solid reinforcement of the corporate governance of fund structures. For both of these services we have SAS70 accreditation. We also have Qualified Intermediary status.
 

Regulatory History



Butterfield Bank (Guernsey) Limited is licensed and regulated by the Guernsey Financial Services Commission. Butterfield Bank (Guernsey) Limited is a wholly owned subsidiary of The Bank of N.T. Butterfield & Son Limited which is licensed and regulated by the Bermuda Monetary Authority and is listed on the Bermuda Stock Exchange.

 

Butterfield Bank (Guernsey) Limited has a clean regulatory history and has not been subject to any disciplinary action.
 

Butterfield Bank (Guernsey) Limited
PO Box 25, Regency Court, Glategny Esplanade, St. Peter Port, Guernsey, GY1 3AP

 

Butterfield Bank (Guernsey) Limited (‘the Bank’) is licensed and regulated by the Guernsey Financial Services Commission under the Banking Supervision (Bailiwick of Guernsey) Law 1994, as amended, the Protection of Investors (Guernsey) Law, 1987, as amended, the Regulation of Fiduciaries, Administration Business and Company Directors, etc (Bailiwick of Guernsey) Law, 2000, as amended.  The Bank is also registered under the Data Protection (Bailiwick of Guernsey) Law, 2001.  The Bank’s products and services are available in Guernsey and only in those other jurisdictions where they may be legally offered or obtained.  Company registration No 21061.

Registered Office Address: Regency Court, Glategny Esplanade, St Peter Port, Guernsey, GY1 3AP. 


Butterfield Bank (Guernsey) Limited is a participant in the Guernsey Banking Deposit Compensation Scheme. The Scheme offers protection for 'qualifying deposits' up to £50,000, subject to certain limitations. The maximum total amount of compensation is capped at £100,000,000 in any 5 year period. Full details are available from: Website: www.dcs.gg or on request, Telephone: +44 (0) 1481 722756, Post: P.O Box 380, St Peter Port, GY1 3FY.

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