Federal fund rates increase

Scotiabank & Trust (Cayman) Ltd. wishes to advise that due to the announcement by the Federal Reserve to increase the federal funds rate by 0.50% on December 14, 2022, the following changes will occur:

•        USD Prime Rate increase from 7.00% to 7.50%, effective December 16, 2022
•        KYD Prime Rate increase from 7.00% to 7.50%, effective December 16, 2022

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