Pershing Interest Rates
New Pershing Interest Rates
We would like to inform you of the new Pershing Interest Rates, effective as of 11 August 2023.
This rate is set for GBP, EURO and USD, to apply to each of our key trading entities i.e., different rates for UK and the Channel Islands domiciled businesses.
Effective as of 11 August 2023
| PIR | GBP | EUR | USD |
|---|---|---|---|
| PSL (UK) | 3.95% | 0.60% | 3.75% |
| PCI (Channel Islands) | 2.85% | 0.00% | 1.00% |
Other currencies interest rates will be determined with reference to average agent rates, including where they are negative. Money Market Fund will be deducted from this rate only to the extent it does not lead to a negative net rate.
Pershing continue to review the PIR regularly and at a minimum on a quarterly basis and will provide notice of any changes with a minimum of five working days’ notice.
