Banco Daycoval is a Brasilian credit institution. Banco Daycoval provides retail, corporate and investment banking products and serivces, specializing in corporate loans, personal loans, foreign exchange products (foreign trade and currency exchange operations) and investments. Banco Daycoval's branch in the Cayman Islands is essential for the bank to raise funds, open commercial lines and establish relationships with correspondent banks.
BANCO DAYCOVAL S.A. has Category B banking license number 100173 issued by the Cayman Islands Monetary Authority. This type of license allows BANCO DAYCOVAL S.A. to conduct banking operations with non-residents and domestic banking business with other Cayman Islands licenced entities.
There is no deposit guarantee scheme in the Cayman Islands: in the case of BANCO DAYCOVAL S.A. failure its depositors will not get any compensation.
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
There is no deposit guarantee scheme in the Cayman Islands.
In the case of BANCO DAYCOVAL S.A. failure its depositors will not be paid out any compensation.