Marine Client Mandate

Client funds interest rates with effect from 23 August 2023

USD       2.05%
EUR       1.05%
GBP       1.7%

Factors taken into account in determining these rates include (a) the need for instant access to the funds (b) the need to hold funds in an A-rated banking facility and (c) the significant cost and risk to Charles Taylor of operating client accounts and handling associated transactions.

Charles Taylor reserves the right to vary these rates from time to time (including, without limitation, to take account of changes to base interest rates available and / or the costs of operating the accounts from time to time). Charles Taylor will notify clients of any such changes to these rates in writing 30 days in advance of any change taking effect.

Charles Taylor further reserves the right to charge additional fees to clients from time to time to cover any additional costs incurred in operating and maintaining client accounts. Charles Taylor will notify clients of any such additional charges in writing 30 days in advance of any additional charge taking effect.

Please refer to your client fund mandate for the full terms and conditions.