The custodial services area within Corporate Trustee Services is primarily responsible for transactional settlements, reconciliations, desktop banking, accounting 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?
Corporate cash management funds
Wrap account managers
Loyalty card schemes
We provide an effective accounting, administration and support service, both internally to Corporate Trustee Services, and to clients, so as to meet:
statutory requirements under the Companies Act for trust companies to act as trustee on behalf of unit trusts
the requirements of clients seeking:
a bare trustee
a trustee company to act as paying agent.
reporting requirements as trustee.
We use our own nominee companies, where required, and have modern systems that provide real time electronic settlements and detailed reporting.
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.