Federal Reserve to increase the federal funds

Scotiabank & Trust (Cayman) Ltd. wishes to advise that due to the announcement by the Federal Reserve to increase the federal funds rate by 0.75% on July 27, 2022, the following changes will occur:

• USD Prime Rate increase from 4.75% to 5.50%, effective August 1, 2022
• KYD Prime Rate increase from 4.75% to 5.50%, effective August 11, 2022

All products linked to USD and KYD Prime Rates will be adjusted on the effective dates indicated.