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Other Trust Services

Products and Services

Products and
Services

Other Trust Services

ESCROWS

Do you have a pending business transaction requiring an independent third party to hold documents or funds while certain conditions are still to be complied with by both contracting parties?   Are you contemplating a real estate purchase or sale? Are you a recruitment, shipping, travel agency requiring the services of an escrow agent for regulatory purposes?  

Ask about our escrow accounts now!

An escrow is a tripartite agreement whereby the bank, as escrow agent, holds money, securities or property deposited by the clients, the eventual delivery of which to a designated party, is dependent upon the certain events or actions happening or being accomplished  by the parties concerned.

Escrow arrangements  are used for completion of  real estate buy/sell transactions; the  deferred payment of BIR capital gains tax in real estate sales (RA 8424); as POEA licensing requirement for recruitment firms, manning and  travel agencies.

  • Customized escrow agreement based on clients’requirements
  • Escrow funds may be invested for the duration of the escrow term
  • Protection of interest of both contracting parties
  • Competitive trust fees based on amount, duration and complexity of the escrow account

SAFEKEEPING

Do you have properties or securities requiring safekeeping and tracking?

  • Consider our safekeeping services.
  • Securities / properties may include bonds, equities, real estate
  • Responsibilities include not just safekeeping but administrative duties such as tracking of movements, cashflows, etc.
  • Periodic reports to apprise the client on outstanding securities under safekeeping and movements, if any
  • Competitive trust fees based on nature of properties under custodianship

MORTGAGE TRUST INDENTURE (MTI)

Are you arranging  a mortgage trust / collateral trust arrangement for your corporate loan requirements?

  • Ask about our MTI services.
  • Assistance with borrowers, creditors, legal counsel on  documentation of the MTI credit facility
  • Safekeeping of collaterals covered by the mortgage trust indenture
  • Monitoring of required collateral cover of the mortgaged properties
  • Issuance of mortgage participation certificates to the creditors
  • Periodic monitoring of insurance coverage, real estate tax payments, appraisal reports  and other corporate financial requirements of the mortgagor for the duration of the credit facility
  • Periodic reporting to creditors on MTI terms and conditions
  • Implementation of instructions of creditors in accordance with the MTI trustee’s responsibilities under the MTI
  • Competitive trust fees based on amount of MTI, collateral location and trustee’s functions.<