International Banking Division

Mauritius has a wide network of double taxation treaties with emerging economies in Africa and Asia. These treaties offer attractive opportunities for offshore companies and international and limited life companies which are incorporated in Mauritius. These companies may operate administrative headquarters, re-invoicing centers, trading offices or even distribution outlets within the vibrant Mauritius Freeport.

Our International Banking Division caters for the banking needs of non-residents who have economic interests outside Mauritius. The customer profile includes, amongst others, high net worth individuals, foreign institutional investors, offshore trusts, investment funds, venture capital funds and mutual funds. Barclays in Mauritius also offers cash custody services tailored to meet the needs of fund managers in this respect.
The corporate vehicles available to carry global business activities from within Mauritius are companies holding a category 1 Global Business Licence (GBC1), companies holding a Category 2 Global Business Licence (GBC2). Other entities available are trust, protected cell companies, limited partnerships and Global Funds.
International Banking Division is divided in different sub-departments:

International Banking Division is divided in different sub-departments:

1) Global Business Clients

Our team is the main point of contact for management companies. We deliver a relationship proposition that adds value at all levels of contact and acts as the single gateway team into Barclays and the wider group.

2) Corporate Clients

We are a dedicated team who serve corporate clients operating globally;

• incorporated in Mauritius as Global Business Companies or
• international companies incorporated or based in a countries other than Mauritius ,
• multinational companies (MNCs),
• Special purpose vehicles (SPVs) based in various offshore jurisdictions.

We offer a range of services and products to companies:

• Credit facilities -   short term loans and working capital finance, medium and long term loans in a variety of sectors
• Structured financing
• Foreign exchange and derivative
• International trade instruments- LC issuance, guarantees, bill discounting and documentary collections
• Syndicated Loan Market. Participation in Syndicated loan market by actively seeking transactions in London/Far East /Africa
• Escrow account services

3) Securities Services

Our team has established itself as the leading provider of tailored custody and securities administration services to both local and international institutional investors in Africa.
 Client base:

• Banks
• Fund Managers
• Mutual and Pension Funds
• Stockbrokers/Dealers
• Insurance Companies

Markets Covered:

• Botswana
• Egypt
• Ghana
• Kenya
• Mauritius
• Uganda
• South Africa
• Tanzania
• Zambia
• Zimbabwe

We have an extended Africa reach through Agent Network to:

• Cote d’Ivoire
• Malawi
• Morocco
• Namibia
• Nigeria
• Tunisia.

The Services we offer:

• Settlement of securities trades.
• Safekeeping and registration of the securities.
• Nominee facility.
• Income collection.
• Corporate Actions management.
• Proxy voting services.
• Reporting.
• Allied banking and foreign exchange requirements.
• Comprehensive tailored client reporting.
• Global Custody outreach where regulations permit

We are committed to the development of a sophisticated securities and custody service in Africa's emerging markets. Our services are offered on either a direct operational basis or via an agent network.

4) Account Opening Team

We have a dedicated team driving the account opening process. At the dawn of this new business era, where customers are becoming more sophisticated in their needs and with an ever growing expectation, our account opening team understand the dynamics to be more customer-oriented, strengthening our procedure with the implementation of new processes such as Lean to reduce waste and ultimately delight customers.

5) Transaction Services Unit

Our team provides the execution of All payment instruments as per your request within the international standard time-frame of two business days. This service is provided in all the major trading currencies and facilitated through the Global Swift Network.

Our major products and services we offer include:

• International Money Payments
• Multi-Currency Cheque Book
• Fixed Deposit
• Foreign Exchange and Derivatives Transactions
• Investments in International Securities
• Structured Investments
• Securities Services
• International Trade Instruments
• US Dollar and EURO Deferred Debit Cards
• Internet Banking for Corporate Customers.

The site can be accessed at www.integrator.barclays.com
For more information, please contact:
Yashodaren Umanee
Director
E-mail: yashodaren.umanee@barclays.com

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