Corporate Trust Overview Flashcards
What are the 8x areas covered in BNY’s Corporate Trust structure?
- Conventional Debt
- Escrow & Speciality Solutions
- Loan Solutions
- Public Finance
- US Protect Finance
- Structured Finance
- Insurance Solutions
- Digital Capabilities
Benefits of the Custody and Safekeeping service include which of the following (select all that apply)
- Responsiveness
- Investment Assistance
- Leading Edge Technology
- Full Service Securities Broker Dealer Access
- Responsiveness
- Investment Assistance
- Leading Edge Technology
- Full Service Securities Broker Dealer Access
Outline which of the following are services of a Customized Paying Agent.. (select all that apply)
- Provide model paying agent agreement and letter of transmittal
- Fast, cost-effective account setup
- Maintain electronic records of shareholder data
- Pay Shareholders their cash consideration
- Provide model paying agent agreement and letter of transmittal
- Fast, cost-effective account setup
- Maintain electronic records of shareholder data
- Pay Shareholders their cash consideration
Corporate Bond Debt Administration (overview)
Debt Issuance is essential for funding operations, future investments, creating infrastructure and delivering public services. Whether you need trustee services or access to a wide range of value-added services, we have the resources and expertise to meet your requirements.
Our team of specialists administer a wide range of appointments and can offer dedicated local and cross-boarder market expertise to help issuers achieve their capital financing goals. We work closely with all deal parties including underwriters and attorneys to facilitate a smooth settlement.
Corporate Bond Administration (roles)
Trustee role:
- Enforces covenants and administers governing documents
- Provides the issuer with an effective mechanism for communication with the holders of it’s securities.
- Invests funds at the direction of the issuer or obligor
- Holds the trust estate granted as security for the holders of its securities
- Authenticates and delivers the securities
Paying Agent Roles:
- Arranges collection of principal and interest from issuers and pays to security holders
- Maintains details records of all items paid by series and issue, and provide required or requested reports
- Administers the preparations and reporting of tax statements
The Registrar:
Maintains details securities-holder registration records.
Custody and Safekeeping - Benefits?
From pre-issuance through maturity, we offer access to resources, technology and solutions you need to seamlessly execute your debt financing strategies.
Our global team are dedicated, collaborative and consultative thought leaders whose principal commitment is to remain unbiased to our clients and the industry.
Custody and Safekeeping - Safekeeping services tailored to governmental agencies including (4x)
Reporting -
- We deliver a wide range of user-friendly reports to our clients via various communications channels. Our reporting features include:
- Daily electronic transaction and position reporting via the web
- Monthly, quarterly and annual portfolio accounting schedules
- Flexible schedules for audited reporting
Innovative Communications Interface:
- Through BNY Mellon’s web-based communications, and reporting platform ‘Nexen’, we provide centralised access to a wide range of data.
Registrar and Paying Agent Services
- Systems dedicated to securities-servicing functions
- Dedicated systems design and maintenance staff
- Tailored reporting capabilities
Cash Management:
- Large selection of short-term funds (money market, tri-party arrangements, multi-currency)
- Automatic daily sweep of cash balances into short-term investment funds
- Income crediting on payable date
Custody and Safekeeping (Benefits)
Benefits include:
- Leading Edge Technology:
We employ leading technology to provide our clients and their investors with accurate, clear and concise information. - Responsiveness:
We understand the time-critical nature of the information we handle. We have developed and delivered tangible solutions that combine tested administration services and proprietary technology to ensure our clients’ needs are met and exceeded - Full-Service Securities Broker Dealer Access:
BNY Mellon Capital Markets LLC, a subsidiary of the Bank of New York Mellon, can offer clients seeking timely and relevant market commentary, efficient execution and a collaborative relationship.
Escrow and Speciality Solutions - Environmental Escrow and Standby Trust Services
BNYM is an experienced provider of Environmental Escrow and Standby Trust Services
Managing environmental risks and any potential liabilities can be costly, Government agencies, at the federal and state level, want you to demonstrate that you have the financial resources to pay for potential environmental corrective action and third-party liability.
Escrow and Speciality Solutions - Service Overview
A trustee and/or agent, we provide an array of services, such as:
- Safekeeping assets in trust or escrow
- Facilitating directed investments
- Processing distributions
- Delivering detailed activity, asset and tax reports
Escrow and Speciality Solutions - Benefits
Benefits include:
- Fast, Cost-effective, Account Setup
- Investment Assistance
- Online Technology
- Comprehensive Account Statements
Equity Paying Agent - Service Overview
- Fast and cost effective account setup
- Safe and flexible services
- Model agreements
- A range of cash management options
- Comprehensive account statements
- Worldwide network of offices
Equity Paying Agent - Customised paying agent services
- Provide model paying agent agreement and letter of transmittal
- Maintain electronic records of shareholder data
- Take receipt of physical securities and letters of transmittal
- Pay shareholders their cash consideration
- Provide customised reporting
Equity Paying Agent - Benefits
- Use of standardized escrow documentation can help to reduce legal fees and costly delays
- Customized solutions with comprehensive reporting
- Local expertise
Escrow services - Service overview
Recognises the importance of escrow arrangements to the successful completion of business transactions and place great emphasis on providing flexible solutions with rapid turnaround times.
Acting as a neutral intermediary between the parties to the escrow arrangement, we will work closely with you to help you achieve your goals.
Escrow services - BNY Mellon Escrow advantage
Escrow transactions that can benefit from our client-focused service include:
- Mergers and acquisitions
- Cash-flow (Project Finance / Private Equity)
- Litigation or Class Action Settlements
- Environmental Escrow and Trust
- Subscription for Private Placement Offerings
- Source Code
- Defeasance / Refunding
- Indemnification
Escrow Services - Benefits
- Fast Cost Effective Account Set-Up
- High quality service - dedicated client service teams proven expertise:
- Standard Escrow Arrangements
- Multi-Currency Safekeeping Services
- Streamlined Investing Process
- Tax Documentation Preparation Services
Insurance Trust Overview
- Hold, service and administer collateral assets in accordance with the provisions of the appropriate legal agreement and regulations.
- Manage Income distributions, asset substitutions and regulatory certifications, as applicable
- Monitor each trust for compliance with key provisions of the underlying trust agreement.
- Negotiate and assist with the drafting of legal documents during the setup phase, as well as handling other requirements that govern the administration of various types of trusts (for example New York State regulations)
