King & Shaxson Local Authorities
King & Shaxson Limited (K&S) provides custodian services to a large and growing
number of Local Authorities and Statutory Bodies across England, Scotland and Wales.
For years, K&S has been assisting authorities to invest councils' surplus funds
via the wholesale Money Markets, offering access to Treasury Bills, Certificates
of Deposit, Gilts and Supranational/Corporate bonds. Our service facilitates the
dealing, settlement and subsequent holding of those securities in a custodian account
on behalf of local authorities/statutory bodies of all sizes. (Minimumum investment
£500,000)
The importance of having the flexibility to evolve with and respond to a constantly
changing market environment should not be underestimated and access to negotiable
instruments is imperative to achieve this. King & Shaxson's dedicated local authority
team provide a pro-active service that considers the individual treasury policy
and lending criteria of the council to offer the best available investment. All
instruments fit comfortably within the DCLG's guidance of Security, Liquidity and
Yield.
K&S are able to offer investment counterparties that do not ordinarily accept local
authority cash deposits, which utilises what would otherwise be dormant counterparties
on the lending list. We provide best execution.
Throughout every stage of the relationship, our local authority team is on hand
to provide continuous support. We produce daily market advice, commentary and research
as well as an unparalleled level of commitment to make sure you have all the relevant
data to make the most informed investment decision possible.
For more details on our dealing and custody service, please contact: