Article by DMS Offshore Investment Services

New Developments For 2015

We have had an exciting and fulfilling year in which we upgraded our client portal to better serve your needs, and implemented new operational systems in keeping with changing regulations and local and international compliance requirements.

Along the way, we were recognized by the Bank of New York Mellon (BNY Mellon) with the STP Award for 2014 – for exceptional performance in straight through processing.

Our clients are at the heart of our service and our success, and being recognized in this way is a testament to the relationships we build with them and the partnerships we maintain with the first rate banking institutions with which we do business.

As we look ahead, we have some exciting developments that will take place in 2015 and take this opportunity to advise you of some changes you can expect to see in the coming year.

Expanded Partnership, New Opportunities

DBT has strengthened its strategic alliance with the Bank of New York Mellon, which means that they will be our preferred correspondent bank, starting from January 1, 2015. We are very pleased with this expanded partnership, which has been developed and proven over the past three years.

PLEASE NOTE: Effective January 19, 2015 all wire transactions will be routed through DBT’s Bank of New York Mellon account. Please refer to the BNY Mellon Settlement Instructions for incoming and outgoing transfers that you will need to use, as of this date.

What Does our BNY Mellon Partnership Mean For You?

It means even greater strength, security and speed in the services we provide for you. DBT clients can look forward to new products and services in 2015, based on our expanded relationship with BNY Mellon, their global financial strength and our continued goal of being the one-stop, banking solutions provider for clients like you.

New Terms of Service

To reflect our compliance with changing regulations and international compliance requirements, we have also updated our Terms and Conditions. Please take a moment to review the revised terms in these various documents:

Individual Account Agreement

Joint Account Agreement

Fund Account Agreement

Custody Services Agreement

Corporate Account Agreement

Changes to Fee Structure

Due to increased regulatory and compliance processes, DBT has had to implement marginal fee increases to some of our services, namely the monthly account maintenance charge, outgoing wire transfers and incoming wire fees. You will note from the updated fee schedules( Fee Schedule-Fund and Fee Schedule) that these increases have been kept at $15 and below, in all instances. These fee increases will take effect from February 1, 2015.