Tuesday, September 8, 2009

New Zealand OFC's (Offshore Financial Services Companies)

Capital Conservator S&L is an example of a New Zealand OFC. Offshore Financial Services Companies are not offshore banks but they are authorized to provide offshore banking services such as:

- Cash management services.
- Lending.
- Wire transfer services.
- Debit and credit card.
- Savings accounts, Deposit taking, Term deposits, Issuing of CDs.

Not all New Zealand OFC's decide to offer all the services granted by the New Zealand, charter - in fact many choose not to do so.

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