Custody Bank Services

Our services for custody banks include:

1. Drafting, Negotiation and Servicing Questions/Disputes for:

• Custody and Trust Agreements
• Group Trusts
• Collateral Control Agreements
• Administrative and Accounting Agreements
• Securities Lending Agreements

2. Review and Negotiation of Documentation for:

• Private Placements (LLCs or other vehicles)
• Investment Arrangements or Structures, including
  • Swap Agreements
  • Futures and Options Accounts
  • Prime Brokerage Accounts

3. Advise concerning:

• Fiduciary Duties
• Prohibited Transactions (analysis and exemptions)
• Corporate Actions; Class Action Processing; Pricing Issues; Global Tax Reclaims; Class Action Processing
• Operational Procedures and Controls
• Risk Management

4. Global Custody Network and Agreements and Operational Issues

5. Capital Markets Products; Domestic and Global Deposit Account Structure and Compliance

6. Fiduciary Training

Case Studies

• Posting Plan Assets as Collateral – The Contract Rights Approach
• Prior to recent statutory relief for the provision of foreign exchange, developed and introduced to industry use of negative consent for the approval of Foreign Exchange trades.
• Lead Industry to initiative to obtain ruling from Dept. of Labor limiting duties of Directed Trustees.
• Facilitated Class Action Recovery for Institutional Investors
• Obtained Ruling Permitting Recovery of Fees for Overdrafts Extended to ERISA Plans