Discontinuing the Hollis Corporate Notice ISA

You spoke …. We listened!!!

At Scotiabank Advisor Deposit Services, we are here to provide you, the advisor, with cash solutions to help you grow your business. As part of our commitment to serving you, in May 2015, we successfully launched the Corporate Investment Savings Accounts (ISA) offered by The Bank of Nova Scotia (“BNS”) and Hollis Canadian Bank (“Hollis”)*. The Corporate ISAs offer unlimited investment ability with T+1 liquidity in both CAD and USD backed by the safety of Scotiabank, providing your customers with an accessible, safe and liquid solution for their non-personal deposits.

Thanks to the success of the Corporate ISAs, advisors are no longer using the Hollis Corporate Notice ISA (DYN575) which requires a $7.5MM minimum investment and a 31-day notice upon redemption. As a result, Scotiabank Advisor Deposit Services will be discontinuing the Hollis Corporate Notice ISA effective December 31, 2015. On that date, the code will be terminated from FundSERV.

We thank you for your continued support and encourage feedback on all our products and services. With all the decisions you make concerning the investment advice you provide to your clients, we are determined to make “Cash – The easy choice.”