REG - Optima Discretionary - Change of Custodian

RNS Number : 3566I

Optima Discretionary Macro Fund Ltd

24 July 2012

 

                                     STOCK EXCHANGE ANNOUNCEMENT

 

For Immediate Release                                                                                   24 July 2012

 

The Optima Discretionary Macro Fund Limited

 

Re: Change of Custodian

 

The Directors of The Optima Discretionary Macro Fund Limited (the "Fund") wish to announce that, with effect from 22 June 2012 HSBC Institutional Trust Services (Ireland) Limited has replaced HSBC Institutional Trust Services (Bermuda) Limited  as a Custodian to the Fund, pursuant to a Custody Agreement dated 1 April 2008 between the Fund and HSBC Bank USA, National Association which was novated by a novation agreement dated 22 June 2012 between the Fund, HSBC Bank USA, National Association and HSBC Institutional Trust Services (Ireland) Limited.  

 

The main activity of the Custodian is to act as trustee and custodian of the assets of collective investment schemes such as the Company. The Custodian was incorporated in Ireland on 29 November 1991 as a limited liability company and is an indirect wholly owned subsidiary of HSBC Holdings plc, a public limited company incorporated in England and Wales. As at 30 December 2011 HSBC Holdings plc had consolidated gross assets of approximately U.S.$2,556 billion.

 

The custody fee is calculated at the annual rate of 0.10% of the Net Asset Value of the Fund plus out-of-pocket expenses, subject to a minimum annual fee of $10,000

 

All other material terms and conditions of the Custody Agreement are the same as those of the previous Custody Agreement

 

 

Enquiries to:

 

Davy	Niamh Moran	+353 1 614 8933

 

 

 

This announcement has been issued through the Companies Announcement Service of

the Irish Stock Exchange.

 

 

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

END

 

 

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