Custodial services

What are custodial services?

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.