Sweep Facility

Overview

Sweep Facility from HSBC automatically moves idle funds between your Chequing Account and HSBC Corporate Money Funds to keep your cash working for you
24 hours a day.

This innovative cash management service provides money market returns while retaining the convenience of full operating account access.

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More about Sweep Facility...

HSBC Corporate Money Funds (HCMF) is an off-balance-sheet money market fund rated Aaa by Moody's Investor Services.
Daily dealing for the liquidity you require
Access to two classes of shares with differing rates of return, depending upon balance
Dividend earnings on holdings in HCMF
Sweep threshold authorises HSBC to sweep any funds in excess of the threshold to the Corporate Money Funds
A Daily Sweep constitutes a purchase or sale of shares in HSBC Corporate Money Funds, which are not protected by HSBC's
balance sheet

Find out more about

Corporate Money Funds

HSBC Bank Bermuda Limited is licensed to conduct Banking and Investment business by the Bermuda Monetary Authority.