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21 April 2008
Butterfield Announces Enhanced Services for Australian Dollar
Betsy Drummond, Head of Butterfield’s Treasury Department.

Butterfield Bank (Cayman) Limited announced today that following the appointment of Westpac Banking Corporation, Sydney as Australian Dollar correspondent, enhanced servicing of transactions in this currency are now available.


 

The enhancements include good value on all STP (straight through processing) eligible funds received, next business day payments on all AUD payment requests received by the set deadline, and in-branch over the counter drafts.


 

“At Butterfield we are constantly seeking ways to enhance our services for customers” commented Betsy Drummond, Head of Butterfield’s Treasury Department. “We are delighted to be able to offer our customers these new features.” 


 

Customers using the Bank’s AUD services are asked to contact their remitters to update instructions. They should direct them to send future AUD to Butterfield Bank (Cayman) Limited accounts using the following new instructions:

 

Correspondent bank: Westpac, Sydney, Australia.
BIC: WPACAU2S or WPACAU2F
Beneficiary Bank: Credit: Butterfield Bank (Cayman) Limited, Grand Cayman.
BIC: BNTBKYKY
Account: BUU0001978
Final Beneficiary: For further credit: [final beneficiary account name]
Final Beneficiary: For further credit: [final beneficiary account number]

Full details are also available under our Treasury Services web page - learn more. 
 



Media Contact:
Karin Frewin
Marketing & Communications
Tel: (345) 815-7662
Email: marketing@butterfieldbank.ky

 

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