The facility provides the following benefits:

• A competitive all-inclusive rate (issuance & confirmation fee) subject to a minimum fee.
• Quick arrangement time frames, typically within five business days.
• Can be secured through any combination of Cash, Equities, Bonds, US$ Treasury Bills or with any of
  the Butterfield family of Mutual Funds (all subject to margin requirements - see below).
• Confirmed through a NAIC approved bank.

Availability: This facility is available to all Cayman Islands incorporated insurance companies, or other
local businesses that require a clean, irrevocable Standby Letter of Credit.

Is the process difficult? No it is not. Whilst there is a credit approval process and we will require
audited financial statements, along with other standard corporate documents, our process is streamlined with your business in mind.

Margin Requirements: The following margin requirements are provided as a guide only, as overall
portfolio margin requirements may vary depending on asset mix and quality of investments. In addition
the requirements will also vary depending on the financial condition of the borrower (where we might
require cash only).