Other Services
An arrangement wherein an asset is held in trust by an escrow agent on behalf of two other parties until fulfillment of the transaction.
Act on behalf of and protect the interest of counterparty/ies.
Safekeep and release assets held in trust with respect to certain contingency or happening of a certain event.
Monitor compliance on the obligations of the counterparty/ies.
A trust entity acts as an intermediary between a borrower and noteholders to ensure compliance to loan agreement.
Act on behalf of and protect the interest of noteholders.
Ensure that covenants are not breached.
Inform noteholders of any breach in the covenants.
A trust entity acts as an intermediary between a borrower and a syndicate of creditors in the administration of the loan agreement and of the properties securing the loan.
Act on behalf of and protect the interest of borrower and creditors.
Monitor compliance on the obligations of the borrower and creditors under the trust indenture.
Ensure that collateral is free from any liens and encumbrances.
An arrangement wherein a trust entity acts as an agent and exercises legal authority over the financial assets of an individual or institution.
Safekeep and preserve the property
Perform ministerial acts with respect to the property as directed by the principal.
Arrangement | Escrow | Facility Agency | Mortgage Trust Indenture | Custodianship |
|---|---|---|---|---|
DESCRIPTION | An arrangement wherein an asset is held in trust by an escrow agent on behalf of two other parties until fulfillment of the transaction. | A trust entity acts as an intermediary between a borrower and noteholders to ensure compliance to loan agreement. | A trust entity acts as an intermediary between a borrower and a syndicate of creditors in the administration of the loan agreement and of the properties securing the loan. | An arrangement wherein a trust entity acts as an agent and exercises legal authority over the financial assets of an individual or institution. |
ROLE | Escrow Agent | Facility Agent | Trustee | Custodian Agent |
SCOPE OF SERVICES | Act on behalf of and protect the interest of counterparty/ies. Safekeep and release assets held in trust with respect to certain contingency or happening of a certain event. Monitor compliance on the obligations of the counterparty/ies. | Act on behalf of and protect the interest of noteholders. Ensure that covenants are not breached. Inform noteholders of any breach in the covenants. | Act on behalf of and protect the interest of borrower and creditors. Monitor compliance on the obligations of the borrower and creditors under the trust indenture. Ensure that collateral is free from any liens and encumbrances. | Safekeep and preserve the property Perform ministerial acts with respect to the property as directed by the principal. |