This FAQ section explains how our structured finance & capital markets services are structured and provides information about our services, systems and procedures.
1. In which jurisdictions does Trustmoore provide SPV services?
We are active in the world’s major financial hubs: Ireland, Luxembourg, Malta, the Netherlands, Hong Kong, Singapore, the United Kingdom, Bulgaria, the Cayman Islands, Curaçao, Cyprus, and the United States of America (Miami & New York).
2. What type of services does Trustmoore offer SPVs?
Our Structured Finance & Capital Markets provides, among others, the following services:
- SPV incorporation
- Transaction management, coordination and support
- Local directors
- Transaction accounting and statutory accounts
- Consolidated financial statements
- Financial statements (interim) according to generally accepted accounting principles
- Cash management and payment services
- Audit coordination and support
- Tax computing and filing (VAT/CIT/PFIC)
- Regulatory reporting (ESMA/ECB/FATCA/CRS/EMIR)
- Portfolio management (multi-asset; multi-SPV)
- Periodic board pack, management and investor reporting
3. Does Trustmoore provide regulatory reporting services?
We are specialized in FATCA and CRS reporting. We can assist you with the submission of these reports by converting the relevant information into the required XML format and arrange for its submission to the relevant tax authorities. Moreover, we also assist in the preparation and reviewing of self-certification forms, which some entities require from their investors.
4. How many SPVs does Trustmoore currently service and what are typical asset classes?
We currently service more than 100 client entities involved in various asset classes such as ABS, CLOs, MBS, repacks, multi-issuing programs, aviation, receivables, real estate, fund transactions, and private-equity transactions.
The AUM of each transaction varies, ranging from EUR 10 million to EUR 800 million.
5. What is an example of a typical Trustmoore SPV client?
Our clients vary from asset managers, large banks, boutique investment firms, investment banks, aircraft lessors, funds, private equity, venture capital, listed bonds, and speciality finance firms.
6. How is the Trustmoore Structured Finance & Capital Markets team organized?
Our Structured Finance & Capital Markets team operates using a relationship-manager model (RM), in which the RM is the main point of contact for the client. The RM is supported by local accountants and company secretaries, as well as by our broader Structured Finance & Capital Markets team, including our independent Compliance function.
Our Global Head of Structured Finance & Capital Markets, Huub Mourits, is also closely involved in all of our client relationships.
7. What makes Trustmoore’s Structured Finance & Capital Markets offering unique?
We are a boutique-style firm that values client relationships and a personal touch. We feel that these services have recently become commoditized, which has led to reduced service levels.
At Trustmoore, we believe that our services strongly add value and help transform our client relationships into personal ones. Our Structured Finance & Capital Markets team spares no effort in serving our clients, which is reflected in our repeat business and long-term relationships.
All members of our Structured Finance & Capital Markets team have extensive industry experience, having worked for various providers over a number of years.
8. How does Trustmoore’s onboarding process work?
We are subject to subject to the Anti-Money Laundering and Terrorist Financing Regulations; therefore, we have an onboarding (compliance) procedure in place for each new client.
In short, the requisite onboarding steps are as follows:
- Client engagement towards a tailored proposal, to be implemented once mutually agreed.
- Client due diligence to review the structure, transaction documentation and ultimate beneficial owners (UBO).
- Onboarding in our accounting and reporting systems and structure setup in cooperation with legal advisors.
9. Does Trustmoore have continuous compliance procedures?
As a financial sector participant, we are subject to subject to the requisite Anti-Money Laundering (AML) and Terrorist Financing (CFT) rules and regulations (EU 4th Anti-Money Laundering Directive).
We have a global compliance policy in place in order to ensure adherence to all international (AML/CFT) rules and regulations.
To reduce the risk of error and assure adequate workflow, we use tool based processes for client onboarding, screening and transaction monitoring. Client and investor screening is done automatically using certified AML spotters such as WorldCheck (ThomsonReuters) and LexisNexis.
10. Does Trustmoore have a business-continuity plan?
We have a global business continuity plan in place in the event of a disaster, to ensure we continue providing uninterrupted service to our clients. Furthermore, we have all the relevant compliance, information security and IT security policies in place to provide our clients with secure services.
11. Do you have a robust back-up solution for your current corporate service provider?
Don’t forget to focus on mitigating third party risk and diversify between CSPs.
We have the proven track record to take care of your CLOs, not only in good times, but more importantly also when there are severe market disruptions.