BSX Approves Listing of the HSBC Corporate Money Funds Limited Class R Shares

Hamilton, Bermuda, 8 February 2006 - The Listing Committee of The Bermuda Stock Exchange (BSX) today announced the approval of the listing of the HSBC Corporate Money Funds Limited Class R Shares.

The HSBC Corporate Money Fund Limited (the "Fund") is an open-ended vehicle and is incorporated in Bermuda as an exempted company with limited liability. The Fund aims to provide investors with a high level of current income, consistent with the preservation of capital and liquidity.

The Investment Manager for the Fund is HSBC Investment (Bermuda) Limited, a wholly owned subsidiary of The Bank of Bermuda Limited. HSBC Investment (Bermuda) Limited was formerly Bermuda International Investment Management Limited and is licensed to conduct investment business by the Bermuda regulator. 

The listing of the Class R Shares, which were formerly known as the Global Cash Funds prior to the amalgamation of the Corporate Money Funds and the Global Cash Funds, is sponsored by Bermuda International Securities Limited ("BISL"), also a wholly owned subsidiary of The Bank of Bermuda Limited.  The Class R Shares are available in the following currencies: US Dollar, Sterling, Euro, Australian Dollar, Canadian Dollar and Swiss Franc. 

The Corporate Money Fund Class R Shares aim to achieve a competitive return compared with bank deposits (measured in the currency of denomination of the relevant fund) while maintaining similar security of principle by investing in a managed portfolio of money market instruments.

 "The BSX is pleased to bring the HSBC Corporate Money Funds Limited Class R Shares to listing and welcomes the continued support of Bermuda based investment services providers", said Mr. James S. McKirdy, Chief Compliance Officer of the BSX.