King & Shaxson

T:020 7929 8529

E: paul.turner@kasl.co.uk

W: www.kingandshaxson.com

CONTACT NAME: Paul Turner, Denzil Morgan, Alan Simkins

STAND NUMBER: 19

King & Shaxson Limited was established in the mid 19^th Century as a discount house which acted as an intermediary between the Bank of England and the clearing banks.  In the intervening years we have built up an established record with a highly experienced team dealing in UK Government Gilts and Treasury Bills, Certificates of Deposit and Supranational Bonds and Floating Rate Notes.

The benefits of using these negotiable instruments are the ability to sell a security early should the authority become concerned about a particular counterparty, to enhance yield or realise funds in the event of an unexpected payment all of which are not available with cash deposits.

We offer a unique service to local authorities combining dealing, custody, settlement and subsequent holding of these securities in a ring-fenced custodian account on very attractive terms, with a minimum investment of £500,000.

As part of this service we can provide advice regarding strategy and timing of investments.  We also monitor customer’s holdings and advise if any switching opportunities arise.  The securities we sell are sold on an all-inclusive basis which includes all dealing and custody charges by adjusting the yield of the instrument, which negates the need for month-end invoices.  Another advantage is that the authority only has to make one payment in order to settle any number of trades on a given date thereby saving valuable time and resources.