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Treasury Services

JTC Treasury Services offers a transparent, proactively managed range of cash management, foreign exchange and lending services, supported by the expertise of our dedicated team of experienced market professionals.

By using JTC’s buying power, we negotiate highly competitive interest rates, foreign exchange pricing and lending rates, which ultimately means a better deal for clients.

“The combination of JTC’s in-house technical expertise, innovation and commitment to client service make for a compelling proposition to those seeking treasury services.”

What We Do

Using the institutional standing of JTC, we work with a number of carefully selected banks to provide our clients with a range of cash management solutions. These solutions allow clients to take advantage of some or all of the following benefits:

  • Better interest rates than generally offered on comparable banking arrangements
  • No-notice access to money held on deposit
  • Diversification of bank risk, without the cost of maintaining multiple bank relationships
  • Interest accrued daily and paid quarterly
  • Lower bank account maintenance and associated bookkeeping costs
  • A dedicated and experienced treasury team led by our Group Head of Treasury for 16+ years

These solutions are available in Sterling and US Dollars.

 

OUR SOLUTIONS

JTC offers three cash management solutions:

  • JTC Diversified Treasury Account
  • JTC Tailored Treasury Account
  • JTC Standard Treasury Account

JTC DIVERSIFIED TREASURY ACCOUNT

There are compelling arguments for diversifying bank risk; however opening and maintaining multiple banking relationships is expensive, and satisfying banks’ increasingly complex due diligence requirements time consuming.

JTC’s Diversified Treasury Account overcomes this by combining clients’ monies into a dedicated JTC client pool which is then apportioned across a carefully selected range of banking institutions regulated in the Channel Islands. The effect is:

  • Reduced exposure to the risk of bank failure
  • Enhanced yield while retaining no notice access to monies placed
  • Lowered costs through automated bookkeeping of banking transactions and more efficient bank relationship management

JTC TAILORED TREASURY ACCOUNT

The Diversified Treasury Account is designed to meet most clients’ needs. However for some, a more bespoke approach may be necessary. The Tailored Account offers similar benefits to the Diversified Account, although differs in that:

  • Client monies are not pooled with other JTC clients’ monies
  • There is a choice of Channel Islands or London banks, or a combination of the two
  • Liquidity requirements can be carefully matched to a client’s precise requirements

As the Tailored Account is individual to each client’s needs, there is generally a minimum initial and continuing balance requirement of £20 million or USD 10 million.

JTC STANDARD TREASURY ACCOUNT

The Standard Treasury Account offers a potentially enhanced return by pooling client monies, although without the diversification that the Diversified Treasury Account provides. In the Standard Treasury Account, all of the monies are placed with one bank.

This solution is better able to meet the banking requirements of clients with higher risk characteristics who may not qualify for the Diversified Treasury Account.

 

People

David Ryan
Group Director - Treasury Services Jersey
Paul Clohesy
Lorna Rawlin
Associate Director Jersey

Offices

JTC is an international organisation with global reach and true cross border capability. Our Treasury services are directly supported from the following offices:

Latest

Our resources and strengths

We value shared ownership

We operate around the principle that if our people have a stake in the business, they will do a better job for our clients.

We invest in people

Over 85% of our employees hold a relevant professional qualification or are working towards this through our dedicated JTC Academy.

We embrace technology

We operate a variety of best-in-class systems to deliver and maintain an impeccable standard of administration and use technology to innovate in both service delivery and efficiency.

We value relationships

We aim to work with clients who share our belief in the importance of building strong relationships over time.

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