Free Offshore Bank Account Cayman Island
About the Bank:
DMS Bank and Trust (Ltd) is a specialist bank focused on providing banking, custody and trust services to the offshore financial services industry. DMS bank was first licensed in 1972 and is the second-longest established bank in the Cayman Islands. Over the decades, DMS bank has evolved into a modern banking institution offering a comprehensive range of mainstream banking and trust products. DMS Bank and Trust Ltd is regulated by the Cayman Islands Monetary Authority and its AA rated correspondent banking institutions are regulated by the U.S. Federal Reserve.
The bank offers flexible, client-driven account structures to meet the unique needs of each client. DMS bank is already recognized as a best-in-class provider, having received the Straight Through Processing award from the Bank of New York Mellon.
DMS Bank maintains all client funds in segregated account at AA rated correspondent banking institutions. This fully ring-fenced solution means that DMS maintains no legal rights of set off by the correspondent banks so DMS clients remain bankruptcy remote to avoid counterparty risk.
For institutions or high net worth individuals, DMS offshore custody products and services are designed to help manage and protect your assets. As an internationally oriented custody bank in the Cayman Islands, DMS’s global custody services provide a full range of offerings for traditional and alternative investment portfolios of exchange traded and hedge fund securities. Providing access to a global network of over 100 markets worldwide, including USA, Canada, Europe, Asia and Africa.
Segregating custodial arrangements, from trading arrangements and free assets from assets encumbered at another institution is a popular risk mitigation tool.
