The Cayman Islands, one of the most important financial centers in the world.

1. The Cayman Islands, one of the most important financial centers in the world.

2. CAYMAN
CAYMAN NATIONAL CAYMAN NATIONAL
NATIONAL CN BANK & TRUST CAYMAN NATIONAL
BANK, LTD. SECURITIES, LTD.
TRUST Co. LTD. (ISLE OF MAN) LTD. FUND SERVICES
LTD.
RETAIL BANKING INVESTMENT MGMT
OFFSHORE ISLE OF MAN BASED
SECURITIES
CONSUMER LENDING. CORPORATE TRUST, CORPORATE, TRUST & ADMINISTRATION OF
BROKERAGE
PENSIONS & FUND BANKING INVESTMENT FUNDS
MGMT
CAYMAN NATIONAL CAYMAN CAYMAN AON CAYMAN
FUND SERVICES NATIONAL NATIONAL NATIONAL
(ISLE OF MAN) LTD. BANK LTD. (DUBAI) LTD. INSURANCE
BROKERS LTD.
ADMINISTRATION OF REPRESENTATIVE REPRESENTATIVE
INVESTMENT FUNDS OFFICE OFFICE
PANAMA DUBAI

3. PHASE 1- The Origins
1794 Ten vessels, which were part of a convoy escorted by HMS Convert, were
wrecked on the reef of Gun Bay, on the East End of Grand Cayman, with the
help of local settlers, there was no loss of life. A member of the Royal Family
was onboard and in gratitude for the settlers, King George III decreed that
Cayman should never be taxed.
1943 Census. Seamen, agriculture, services, construction and fishing. Persons
employed 2,531.
1952 Owens Robert International Airport, Barclays Bank opened a branch.
1953 Cayman Airways
1960 The Companies Law was established, Companies Registrar Office was opened.
1960 Royal Bank of Canada
1963 Canadian Imperial Bank of Commerce
1966 Bank & Trust Companies Regulations, Trust Law and Exchange Control
Regulations Law
1970 Cayman Island Dollar
1974 CI decided to delink the currency from Sterling to USD. KYD$1.00=USD$1.20
Population 13,000
1975 Cayman National Bank was established
1976 7,521 Registered Companies
126 Bank & Trust with assets of US$ 21.9 billion
1 Captive Insurance Company

4. PHASE 2 – More laws and international agreements
1976 The Confidential Relationships (Preservation) Law was enacted to protect
confidential information in the possession of financial services professionals.
1979 The Insurance Law was enacted, to enhance and regulate growing captive
insurance industry.
1984 Cayman Islands entered into Narcotics Agreement with US, maturing into
Mutual Legal Assistance Treaty.
1986 16,791 Registered companies
456 Banks & Trusts with assets of US $202 billion
6 Company Managers
107 Captive insurance companies.

5. PHASE 3 – And more laws
1993 Enactment of Mutual Funds Law, Trust Law and other legislation
continued to be amended to maintain Cayman’s edge in financial
services.
1996 37,919 Registered companies
575 Banks & Trusts with assets of US $507.8 billion
75 Company Managers
378 Captive insurance companies
121 Mutual Funds administrators
1,379 Mutual Funds
1997 STAR Trust Legislation

6. CAYMAN ISLANDS TODAY
BANKS & TRUST Sept 2008 Sept 2009
Class A 19 18
Class B 258 251
FIDUCIARY SERVICES
Trusts (U) 54 53
PTC’s 0 17
Companies Management 73 81
INSURANCE
Clase A 28 27
Clase B 773 779
FUND MANAGEMENT
Funds Registered 9,640 9,218
Fund Administrators 99 100
ECONOMIC INDICATORS (2008)
Nominal GDP US$ 2.7 billion
GDP per capital US$ 48,303
GDP growth in real terms 1.1%
Total Imports US$ 1.05 billion
Inflation 4.1%
Unemployment rate 4.0%
Population 52,000
Source: Cayman Islands Monetary Authority, September 2009.

7. BANKING SECTOR
80
79 75
70
60
50 44
40
30
27
21
20 14
10
10
0
Middle Caribbean Asia & Canada & South Europe USA
East & & Central Australia Mexico America
Africa America
Source: Cayman Islands Monetary Authority, September 2009.

8. BANKING SECTOR
International Financial Centres
Banking Liabilities
Total = US $4.6 trillion
$1,800
$1,600
$1,400
$1,200
$1,000
$800
$600
$400
$200
$0
Bahamas Netherland Panama Singapore Hong Guernsey Cayman Jersey IOM
Antilles Kong SAR Islands
Liabilities
Source: Bank of International Settlements, June 2009.

9. BANKING SECTOR
Individual vs. Institutional Bank Deposits in Cayman Islands Banks
(Total Deposits = US $1.67 trillion)
3%
97%
Individual Institutional
Source: Cayman Islands Monetary Authority

10. FUNDS SECTOR
10,000
9,000
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Registered Funds
Source: Cayman Islands Monetary Authority

11. FUNDS SECTOR
Investment Managers of Cayman Islands Hedge Funds by Region
61% North America
26% Europe
8% Caribbean
4% Asia
1% Latin America
1% Other
Source: Cayman Islands Monetary Authority

12. INSURANCE SECTOR
Captive Domiciles by Percentage of Total Captives
(Total Captives = 5,119)
Other 4%
Other US 15% Bermuda 19%
Switzerland 1%
BVI 8% Luxembourg 4%
Turks & Caicos 3% Vermont 11%
Barbados 5% Labuan 1%
Cayman Islands Dublin 3%
15%
Guernsey 7%
Singapore 1%
IOM 3%
Source: Cayman Islands Monetary Authority

13. INSURANCE SECTOR
Cayman Islands Captives by Risk Location (as at March 2008)
1%
3% 1%
4%
90%
North America Worldwide
Caribbean & Latin America Africa, Asia & Middle East
Europe
Source: Cayman Islands Monetary Authority

14. INTERNATIONAL FINANCIAL CENTERS
External Position of banks in all currencies vis-a-vis all sectors
(In billions of US Dollars)
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
Cayman France Germany Japan Netherlands
Switzerland United USA
Islands Kingdom
Dec. 2006 Dec. 2007 Dec. 2008 Mar. 2009
Source: Bank of International Setlements, June 2009.

15. TAX INFORMATION EXCHANGE AGREEMENTS (TIEA’s)
1) United States of America 27 November 2001
2) Sweden 1 April 2009
3) Finland 1 April 2009
4) Norway 1 April 2009
5) Denmark 1 April 2009
6) Faroe Islands 1 April 2009
7) Greenland 1 April 2009
8) Iceland 1 April 2009
9) Ireland 23 June 2009
10) Netherlands 8 July 2009
11) New Zealand 14 August 2009
12) UK 15 June 2009
13) France 5 October 2009
Cayman Islands has implemented the EU Savings Directive via bilateral
agreements with all 27 EU Members States on an exchange of information basis.
Cayman Islands has been elected a member of the OECD Steering Group. September 2009.
MOU Panama 31-May-2004
MOU Jamaica 10-Oct-2003
MOU SEC 23-May-2005
MOU Bermuda 30-June-2005
MOU Isle of Man 30-June-2005
MOU US Commodities Future 11-Jan-2006
MOU Brazil 07-Mar-2006
MOU Canada 16-May-2006
MOU Jersey 21-Aug-2006
MOU Argentina 13-Feb-2008
MOU UK 21-Feb-2008
MOU Malta 18-Feb-2009
MOU SC Brazil
TIEAS in “advanced stages”: Mexico, Italy, Germany, Australia, Portugal and Canada

16. Major Foreign Holders of US Treasury Securities, August 2009
(USD Billion)
Switzerland
Taiwan
Luxembourg
Russia
Hong Kong
Brazil
Carib Bnkng Ctrs***
Oil Exps**
UK*
Japan
China
$0 $200 $400 $600 $800
Source: US Treasury Department
*Include Channel Islands and Isle of Man
** Venezuela, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates
*** Bahamas, Bermuda, Cayman Islands, Netherlands Antilles and Panama

17. Cayman National Trust Co. Ltd. Cayman National Bank and Trust Company (Isle of Man) Limited
62 Forum Lane, Suite 6201, Camana Bay, Cayman National House, 4-8 Hope Street, Douglas
Grand Cayman, Cayman Islands Isle of Man, IM1 1AQ, British Isles
Tel: (345) 640-5441 +44 (0)1624 646901
Cayman National Bank Ltd., Oficina de Representacion Cayman National (Dubai) Ltd.
Edificio Ocean Business Plaza, Piso 15, Oficina 1502. Office 41, Oasis Centre, Sheikh Zayed Road,
Ave. Aquilino de la Guardia y Calle 47, Urbanización Marbella Dubai, United Arab Emirates
Panama, Republica de Panama Tel: + 971 4 339 7644
Tel.: (507) 340-6282
www.caymannational.com