Electronic Banking - Presto On-Line

Presto On-Line is Deutsche Bank Offshore's electronic banking system. It is available to clients of our Jersey, Guernsey, Cayman and Mauritius offices.

Whilst the system was primarily developed for our intermediary and institutional clients, private clients will also benefit from the ability to view their banking relationships via the flexibility of the Internet.

Investment Managers, Fund Promoters and Trustee Custodians are able to access Fund NAV's on-line.

In July 2001, Portfolio Valuations were introduced to the system for clients with Investment Managed and / or Global Custody relationships.

In response to client requirements, the latest enhancement to the system, introduced in December 2001, allows the client to move away from the current paper-based method of sending instructions, into an electronic environment whereby payments are prepared and authorised from the user's own desktop or wherever they have Internet access.

On completion of the necessary documentation, clients are able to input payments and transfers directly into the system. The clients' mandate is replicated electronically, and each authorised signatory is allocated a SecurID token. This supplements the already robust encryption technology that protects the site and the information therein.

Once a payment has been fully authorised in accordance with the mandate it is received immediately by DBO for processing. At this stage, the instruction is checked in accordance with our transaction monitoring responsibilities and actioned accordingly.

Enhancements to Presto On-Line are client-driven and will be announced on dboffshore.com on an ongoing basis.

For more information on Presto On-Line please visit our E-Banking section