Overview

Datvest Asset Management provides short-term money market investments for both corporate and individual clients at competitive rates in line with market conditions. Investment tenors vary from; 14, 30, 60 and 90 days. Datvest will endeavor to secure all investments. However market conditions do constrain obtaining such security. In addition, we only deal with banks or financial institutions with strong balance sheets and good credit ratings. Datvest investment committee regularly reviews limits for money market placements as a way of minimising exposure to any single counterparty. Our money market dealers will help you select the ideal investment horizon to allow you to maximise the investment yield without necessarily constraining your own cash flows. Being in touch with the market gives us a solid position to avail you with the critical information you need when making that important decision. Minimum balance will be reviewed from time to time in line with market developments.

Features

All money market investments attract management fees as per Reserve Bank requirements.

  • For deals above 90day the VAT is ….%. For deals above 90day the VAT is …%.
  • For deals below 89days the vat is 15%
  • Where applicable, a withholding tax of 15% is deducted from the interest earned.

 

  • 30 days: 5% per annum
  • 60 days: 5% per annum
  • 90 days: 6% per annum

For firm quotes and more details contact our (contact link)

Who qualifies?

  • Minimum investment amount: $10,000.00

What you need to apply

Individual Investors

  • Copy of identification document/s i.e. National I.D card, Passport or Driver’s license.
  • Marriage certificate (for joint accounts).
  • Proof of residence
  • 2 passport photos ( per individual)
  • FATCA Form

Corporate Clients

  • Certificate of Incorporation
  • Memorandum and Articles of Association
  • Trust Deeds/Partnership Agreements/ Constitution (where applicable)
  • Board Resolution and CR14, CR6 forms (where applicable)
  • Directors’ identification documents including proof of residence
  • Trust Registration certificate/ Registration document (where applicable)
  • 2 passport photos ( per individual)
  • FATCA Form

Societies, Charitable Associations, Clubs, Churches and similar entities

  • Constitution/ Rules/ Agreement.
  • Identification documents of the committee and signatories including proof of residence.
  • Proof of residence
  • 2 passport photos ( per individual)
  • FATCA Form