Butterfield Bank (Jersey) Limited (the Bank) must provide best execution when transacting for its clients unless there is specific instruction to the contrary provided by the client.
A number of factors can influence how best execution is achieved. Under normal circumstances the price achieved has a high importance, but due consideration must be given to the cost, speed and the likelihood of execution as well as the client’s characteristics and specific requirements in relation to the transaction being undertaken.
Where the Bank undertakes such execution in non-collective investment holdings i.e. equities, corporate bonds, government debt etc. we will normally pass the order to another firm that is subject to regulation by the Jersey Financial Services Commission or an equivalent regulator. Where the Bank acts as the execution venue, all sources of reasonably available information shall be used to ensure best execution is achieved.
Click here for more information about the Best Execution Policy.