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More about Close Brothers
and Treasury Services
Close Brothers
Close Brothers Group
plc is the UK's largest independent quoted merchant banking group.
Founded in 1878, Close Brothers is now amongst the 200 largest
companies by market capitalisation and is listed on the London
Stock Exchange. Close Brothers Limited, the Bank, is authorised
to accept deposits under the Financial Services and Markets Act
2000 and is a wholly owned subsidiary of Close Brothers Group
plc. The Group's major shareholders are large financial institutions
many of whom have supported us for up to 40 years.
Close Brothers
Treasury
Close Brothers Treasury
is active in the money markets on a daily basis and we are dedicated
to giving our depositors excellent rates of interest and a high
quality of service. We always welcome the opportunity to discuss
your individual money market requirements.
Conservative
Funding Policy
We have for many
years adhered to a very conservative funding policy throughout
the Group. The vast majority of our lending operations are funded
by committed bank facilities, rather than relatively short term
customer deposits. At 31st July 2003 we had customer loans of
£1.6bn and committed facilities of £1.6bn of which
only £964m was drawn.
Independent
Credit Rating
Fitch IBCA the European
based bank credit rating agency, rate us highly. Our short
term rating, covering deposits placed for periods up to one
year, is F1. This they define as "Highest credit quality.
Indicates the strongest capacity for timely repayment of financial
commitments" .
Financial
Services Compensation Scheme
Close Brothers Limited is a member of the Financial
Services Compensation Scheme.
Recording
of Telephone Conversations
Kindly
note that telephone conversations with Close Brothers Treasury
and Treasury Administration are
recorded for
security purposes and for your protection.
more
about Close Brothers Group performance
more about
Fitch IBCA and Credit Ratings
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