|Address||HM 1, Bermuda, Hamilton, 65 Front Street|
|Credit Ratings (as of Dec 2014)|
|Fitch||A- (high credit quality)|
|Moody's||A3 (upper medium grade)|
|S&P's||BBB+ (adequate capacity to meet its financial commitments)|
|Deposit Guarantee||Yes (up to 25 000 USD per depositor)|
|European Presence||4 banks in 4 countries|
Any bank can be identified for different purposes and hence can have several different identifiers.
BIC (Business Identifier Code) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.
|Bank BIC Code||BNTB|
|Country Code||BM (Bermuda)|
A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).
Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government.Of the 'Big Three' rating agencies, THE BANK OF N T BUTTERFIELD & SON LIMITED is rated by Fitch and Standard & Poor's.
Credit ratings assigned to THE BANK OF N T BUTTERFIELD & SON LIMITED as of December 2014 are shown in details in the following sections.
Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for THE BANK OF N T BUTTERFIELD & SON LIMITED it is set to A- (high credit quality), outlook is negative (may be lowered). The rating is not on watch. Short-term issuer default rating for THE BANK OF N T BUTTERFIELD & SON LIMITED is set to F1 (highest short-term credit quality).
|Long-Term Issuer Default Rating||A-|
|Short-Term Issuer Default Rating||F1|
|Support Rating Floor||A-|
Viability rating for THE BANK OF N T BUTTERFIELD & SON LIMITED is set to bbb- (good fundamental credit quality); support rating is 1 (extremely high probability of external support); support rating floor is A- (high credit quality).
Long-term rating is for THE BANK OF N T BUTTERFIELD & SON LIMITED it is set to A3 (upper medium grade). Long-term bank deposit rating is A3 (upper medium grade). Bank financial strength rating is D+ (modest intrinsic financial strength). Short-term rating is not assigned.
|Long-Term Bank Deposit Rating||A3|
|Bank Financial Strength Rating||D+|
Outlook for the ratings of THE BANK OF N T BUTTERFIELD & SON LIMITED is set to stable (not likely to change).
Long-term foreign currency rating for THE BANK OF N T BUTTERFIELD & SON LIMITED is set to BBB+ (adequate capacity to meet its financial commitments). Long-term local currency rating is set to BBB+ (adequate capacity to meet its financial commitments).
|Long-Term Foreign Currency Rating||BBB+|
|Outlook||negative (may be lowered)|
|Long-Term Local Currency Rating||BBB+|
|Outlook||negative (may be lowered)|
|Short-Term Foreign Currency Rating||A-2|
|Short-Term Local Currency Rating||A-2|
Short-term foreign currency rating for THE BANK OF N T BUTTERFIELD & SON LIMITED is set to A-2 (satisfactory capacity to meet its financial commitments). Short-term local currency rating is set to A-2 (satisfactory capacity to meet its financial commitments).
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in Bermuda are obliged to participate in Bermudian deposit guarantee scheme.
In the case of THE BANK OF N T BUTTERFIELD & SON LIMITED failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Eligible Depositors||natural persons, small businesses|
|Maximum Protected Amount||25 000 USD|
|Paid In Currency||USD|
Further Information: Deposit Guarantee Scheme in Bermuda