The custodial services area within Corporate Trustee Services is primarily responsible for banking and trade transactions, settlement, reconciliations, and reporting to clients on a daily, weekly and monthly basis. Most transactional work is intra-day settlements which must be completed within allotted deadlines.
Settlements are completed for:
Managed Investment Schemes
Corporate cash management funds
Wrap account managers
Loyalty card schemes
We provide custodial services so as to meet:
statutory requirements under the Financial Markets Conduct Act 2013 for managed investment schemes to have their assets held by the supervisor's independent custodian.
the requirements of clients seeking:
a bare trustee
a trustee company to act as paying agent.
reporting requirements as trustee.
Third party arrangements
We have arrangements with third parties who have a particular expertise, such as international custody or fund accounting, to provide these services when required. This gives us the ability to tailor solutions specifically for individual clients, and means a seamless service for the client, without complication of extra contracts and paperwork.