If you conduct business internationally the IBOS Association could provide the added benefit of providing direct access to local banking services.

The IBOS Association is an alliance of member banks spanning the Americas, eastern and western Europe. Unlike similar "Banking Clubs", IBOS members provide more than just a vehicle for payments. Through full service relationships developed with their customers, they can refer and facilitate account set-up, credit and cross-border services directly with other member banks or through the IBOS Central Office in London.

Each member delivers cross-border services under the umbrella of a rigorous guaranteed service level (GSL) agreement ensuring quality and consistency of the services offered within the Association. In addition, each member bank has a dedicated Business Service Unit (DBSU) that acts as a single point of contact with other IBOS members. Each DBSU coordinates the design and implementation of their customer's global banking solution, and with quick access to other members' account opening and service agreements they can facilitate the prompt set up of the necessary accounts and services.

In addition to the thousands of branches in multiple countries, working with the Association means having simple and flexible access to a combination of local, regional and international banking services. In Europe the Association can also deliver sophisticated liquidity management services on a pan-European basis enabling a further streamlining of banking services and maximum use of funds.

Scotiabank joined the IBOS Association in 1998 and is the exclusive Canadian member.

For more information about the IBOS Association, please contact us.