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CERTIFIED DEPOSIT INTEREST BEARING ACCOUNTS | 9 Months Ended
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Jul. 31, 2023
Other Income and Expenses [Abstract] |
CERTIFIED DEPOSIT INTEREST BEARING ACCOUNTS | NOTE 17 – CERTIFIED DEPOSIT INTEREST BEARING ACCOUNTS The Company established certified deposit interest-bearing accounts with its current bankers HSBC NA and Jyske Bank in February 2023. These interest-bearing accounts are for rolling fixed short-term periods not exceeding 3 months and are classified in our financial statements as “cash equivalent”. In addition, we have an interest-bearing deposit account in the UK that tracks the Bank of England base rate which has no restrictions on access and has a current rate of 5.0%. The table below indicates the applicable interest rates and amounts which are held in certified deposit and unrestricted interest-bearing accounts at the date hereof: SCHEDULE OF INTEREST RATES AND AMOUNT HELD IN CERTIFIED DEPOSIT INTEREST BEARING ACCOUNTS
Currency Denomination |  | Amount |  |  | HSBC |  |  |  | Jyske Bank (Denmark) |
USD |  | $ | 13,256,709 |  |  |  | 5.17 | % |  |  |  |
GBP |  | £ | 750,000 |  |  |  | 4.80 | % |  |  |  |
GBP (Unrestricted access) |  | £ | 1,248,151 |  |  |  | 5.00 | % |  |  |  |
Euro |  | € | 795,000 |  |  |  |  |  |  |  | 1.9 | %
British Pound |  | £ | 414,000 |  |  |  |  |  |  |  | 3.2 | %
Danish Kroner |  | DKK | 3,190,000 |  |  |  |  |  |  |  | 1.6 | %
USD |  | $ | 1,094,000 |  |  |  |  |  |  |  | 3.8 | %

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