The Implementation Process
1. Phase 1 is creating the Segregated Portfolio Cell (SPC). This takes less than 2 working days. Phase 2 is to have our Crew Compliance department set-up each crew member with a vessel-specific link to applicable forms and required templates. This link takes two days to 2. create, once the necessary and preferred document requirements are established. 3. Phase 3 is to collect documents required to establish a bank account. Including Cayman National Bank’s due diligence, this process usually takes from four to six weeks. We use our dedicated Escrow account to process crew payroll in the interim.
Made with FlippingBook. PDF to flipbook with ease