SVB Cash Sweep Program – Global Clients
Easily access your funds while earning non-U.S. sourced income on excess cash
Silicon Valley Bank’s Cash Sweep Program gives non-U.S. companies greater control of and access to sweep services through a convenient online interface. Through the sweep program, you have the opportunity to earn non-U.S. sourced dividend income on your excess cash, by investing in select money market funds of your choice, while retaining full access to your funds. The online interface allows you to manage your investments and view transactions and holdings on SVB Online Banking.
The SVB Cash Sweep Program allows you to select from an array of professionally managed non-U.S. domiciled money market funds to suit your specific investment parameters.
Fund prospectuses and shareholder reports of the fund(s) are available below. These documents are prepared by persons unrelated to SVB, and we are not responsible for the contents of this information.
Important Note: not all funds are available to all clients. Eligibility is based on your country of incorporation. Contact your relationship advisor for confirmation of eligibility prior to enrolling.
Western Asset Management (A Legg Mason Company) - Cayman Island Domiciled Funds
Western Asset Government MMF Class 1 Shares
Western Asset Institutional Cash Reserves Class 1 Shares
Western Asset U.S. Treasury Reserves Class 1 Shares
Morgan Stanley Investment Management – Luxembourg Domiciled Fund
Morgan Stanley US Treasury Fund
The U.S. tax consequences to investors in a non-domestic money market mutual fund depend on each investor’s circumstances. SVB does not provide tax advice. In general, investors in a Fund that are not U.S. persons should not be subject to U.S. federal income tax on any distributions from the Fund or on the sale or exchange of shares of the Fund, unless those shares are held in connection with a U.S. trade or business of the investor (and, if the investor is eligible for benefits under an income tax treaty, are attributable to a permanent establishment or fixed base that the investor maintains in the U.S.). Clients should check with their tax advisor.
The products discussed in this document are provided by Silicon Valley Bank, a United States Bank. The products discussed in this document have not been reviewed by any regulatory authority in Hong Kong. Silicon Valley Bank is not providing investment advice and you should consult with an independent advisor relating to the products if you have any questions or concerns about them.
Investors in a money market fund should consider carefully the information contained in the prospectus of the fund, including investment objectives, risks, charges and expenses. You can obtain a prospectus by clicking on specific fund companies at this page or by calling your relationship advisor at Silicon Valley Bank. Please read the prospectus carefully before investing.
Investments in Money Market Funds:
|Are Not insured by the FDIC or any other federal government agency
||Are Not deposits of or guaranteed by a Bank
||May Lose Value|
Although money funds seek to preserve the value of your investment at $1 per share, it is possible to lose money by investing in a money market fund.
Any performance data quoted represents past performance, which is no guarantee of future results, and current performance may be higher or lower than the performance shown.