(As of 31 December 2009)
Please note the following guidelines for submitting audit confirmations to Butterfield Bank (Cayman) Limited.
• Please fax audit confirmations to Butterfield Bank (Cayman) Limited. Our fax number is (+1345) 949-7761.
• Alternatively requests can be faxed to attention of the Banking Support Unit to (+1345) 949-7004.
• Auditors must prepare the confirmation requests with :
1. Name of the entity to be confirmed
2. Full details of the underlying bank account numbers to be confirmed. (This approach has been accepted by the Cayman Islands Society of Professional Accountants - CISPA).
E.g. ABC Limited
USD call 01210123456
AUDIT CONFIRMATION PROCESS: (As of 31 December 2009)
Please note the following guidelines for submitting audit confirmations to Butterfield Bank (Cayman) Limited.
KYD savings 02201123456
• The confirmation request must be signed by the customer in the same way detailed in the Bank Mandates. (Money or information exchanges are treated equally).
Note! If the account requires a single signature for transfers under a certain value, then Butterfield will similarly accept one authorised signature on the confirmation request.
• Butterfield will reject, by fax, requests with insufficient or wrong details. A new request with the full and correct details will be required.
• Completed audit requests will be returned to the auditors by Butterfield by both fax and in the post.
IMPORTANT! Confirmation requests for Butterfield proprietary Funds (e.g. Butterfield Money Market Fund, Butterfield Global Blue Chip Fund) should be sent directly to the Fund Administrator, Butterfield Fulcrum Group (‘BFG’), by fax on (+902) 493-7630 or by email to bfghalifax@bfgl.com.
Please provide the same level of information detailed above on these requests.
Alternatively, the request can be sent through the Bank and the Bank will forward the request to BFG. Note that BFG will confirm Butterfield proprietary fund balances and the Bank will confirm bank account balances.
This means that, where a single request is received for both fund balances and bank account balances, the auditors will receive the completed confirmation in two parts.
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