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When you are in need of Corporate Trust Services,
please call a Union Bank professional. Our experienced representatives
can help with the following services:
Bond Administration
Acting as Bond Trustee, Paying Agent, and Registrar, Union Bank &
Trust is appointed to protect the interest of the investors and assist
the debt issuer in offerings. In performing this service, we will:
- Pay bondholder principal and interest
- Disburse construction/acquisition funds
- Verify compliance with document covenants
- Maintain bondholders records
- Establish and maintain security interests in collateral
- Safekeep trust assets
Custodian
Acting as custody agent, Union Bank & Trust will safekeep investments and keep detailed transaction statements. While providing these services, we
will:
- Make a daily sweep of idle cash into interest earning
vehicles
- Collect dividends, interest and coupons, and disburse
or reinvest the funds as the customer instructs
- Collect proceeds on matured and called bonds
- Give prompt notification of capital changes such
as defaults, tender offers and stock splits.
Escrow Agent Services
Escrow Agreement appoints Union Bank & Trust to safekeep assets
or perform transactions at arm’s length for two or more separate parties.
- Private Subscription Offerings
- Refunding of Existing Debt Issues
- Capital Raises
- Software (Source Code) Safekeeping
- Work Guarantee/Performance Escrow
- Acquisitions of Businesses (Mergers)
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