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
Securitisations
Corporate cash management funds
Wrap account managers
Tax pooling
Bare custody
Escrow arrangements
Loyalty card schemes
Retirement villages
Paying agent.
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:
independent custodianship
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.
