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Correspondent Accounts
Correspondent Accounts are typically administered by Global Business Services, Toronto or Vancouver, and can be used to meet all of your Canadian clearing needs..
Benefits:
- TD Bank Financial Group manages accounts for 85% of the world’s top financial institutions (measured by total capital)
- TD Bank Financial Group manages accounts for over 90% of the world’s top FX financial institutions (measured by overall FX market share)
- Flexible and competitive compensation arrangements for account services
- A responsive and experienced operational team will manage your account
- SWIFT MT950 or MT940 statements can be transmitted on a daily basis or other preferred frequency
- TD offers an array of balance reporting options, including intraday, solutions to assist in effective cash management
- CorrespondentWeb provides real-time balance reporting via the Internet 24 hours a day, 7 days a week (except during scheduled maintenance)
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TD provides a comprehensive and efficient draft service that is available through your account