Corporate Trust


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Corporate Trust

The function of servicing and maintaining records for debt securities issued by a corporation.

Corporate Trust

A trust that a corporation creates to secure a bond or other debt security. That is, a corporate trust is effectively money set aside to ensure that bondholders are covered in the event of default on the issue.
References in periodicals archive ?
Corporate trust providers are appointed by corporations, municipal governments and other entities issuing debt to perform a variety of duties, including servicing and maintaining the debt issue, processing principal and interest payments for investors, representing investors in defaults, and providing value-added services for complex debt structures.
In his new role based in Mexico City, Garay will oversee the company's expansion and will be responsible for operations, client service delivery and general management of BNY Mellon Corporate Trust in Mexico.
BNY Mellon's corporate trust business services nearly $12 trillion in outstanding debt from 58 locations in 20 countries.
Wells Fargo Corporate Trust Services Mortgage Markets Group
The trust division manages some $5 billion in corporate trusts.
The notes are issued by Perpetual Corporate Trust Limited in its capacity as trustee of La Trobe Financial Capital Markets Trust 2015-1.
Law Debenture have pleasure in announcing that David Bell has joined the company as a Director and Head of Corporate Trust and Agency.
7 April 2017 - US-based financial services firm Amalgamated Bank of Chicago has completed its acquisition of the former Seaway National Bank's corporate trust accounts from State Bank of Texas, the firm said.
"Following the initial 10-year $1 billion senior unsecured drawdown under the programme back in December 2012, Qtel has subsequently issued two more notes, including 30-year $500 million notes, and therefore marking a significant milestone for corporate debt issuers in Qatar," said Giambattista Atzeni, Vice-President and Senior Relationship Manager for MENA & Turkey, Corporate Trust at BNY Mellon.
However, our corporate trust area that serves as trustee and paying agent for tax-free bonds has slowed down as the economy has slowed down, and our nontinterest income has declined.
Nye would focus on expanding the bank's corporate trust services for regional issuers and intermediaries.
"His expansive knowledge and considerable credentials provide additional support to our long standing and growing corporate trust practice."
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