Credentials & FAQs

Debenture trusteeship represents the interests of debenture holders under the issue documents and trust deed. CFSL supports documentation, security monitoring, payment monitoring and investor communication throughout the arrangement.

The service includes monitoring interest payments, principal redemption, security cover and financial covenants in accordance with the terms of the issue and the trusteeship arrangement.

The trustee communicates relevant rating revisions and payment or redemption information through the applicable disclosure channels, supports investor complaint resolution and addresses defaults under the issue documents and applicable requirements.

Share the proposed issue structure, issue size, terms, timeline and details of the proposed security. The CFSL team can then discuss the trustee appointment and supporting documentation.

The CFSL profile describes the following process:

1. Plan the security arrangement

   Discuss the mode of creating security and registration of the Debenture Trust Deed with the issuer.

2. Review and execute the documents

   Vet the transaction documents, then arrange their execution and registration.

3. Hold security and safeguard documents

   Hold the security or charge for debenture holders and keep the security documents in custody until redemption of the entire debenture amount.

4. Monitor the issue

   Monitor interest payments, principal redemption, security cover, financial covenants and the compliance requirements of the trusteeship arrangement.

5. Act if a default occurs

   Where a default occurs, take enforcement or recovery steps in accordance with the Trust Deed, issue terms and applicable requirements.

Bond trusteeship provides trustee support for a bond issue and the interests of bondholders. The scope and responsibilities of the appointment are set out in the issue and trusteeship documents.

Bond issuers and organisations planning a bond issue can contact CFSL to discuss the proposed structure and trustee appointment.

Provide the proposed issue structure, terms, timeline and relevant security arrangements. These help the team discuss the supporting issue documentation and scope of the appointment.

The scope of payment monitoring, reporting and bondholder communication is agreed in the trusteeship documents for the particular issue.

CFSL provides support for wills, trusts, estate administration and the management of trust funds and properties. The work follows the applicable documents, instructions and agreed appointment.

Individuals, families, trusts and estates can discuss their succession and administration requirements with CFSL.

The published service scope includes administration of trust funds, properties and income, transactions in shares, debentures and mutual funds on trustee instructions, and investment of corpus funds as instructed.

Prepare a brief description of the trust or estate, the assets involved, the people concerned and the assistance required. The team can discuss the relevant will, trust deed or other documents for the proposed arrangement.

The CFSL profile describes the following process:

1. Record the instructions and beneficiaries

   Identify the assets, beneficiaries and intended allocations, together with the instructions of the settlor or person making the will.

2. Prepare the trust deed or will

   Prepare the relevant document according to those instructions, including the directions for administration and investment where applicable.

3. Arrange custody of the assets

   Arrange custody of the relevant securities, corpus funds and physical assets covered by the appointment.

4. Administer funds and assets

   Manage investments, securities and income according to the governing document and authorised instructions.

5. Carry out the agreed distribution

   Administer the will following the death of the person who made it, or distribute trust assets to the beneficiaries according to the governing document and applicable instructions.

A security trustee holds the underlying security for the benefit of a lender or group of lenders. CFSL acts as their representative under the Security Trustee Agreement.

CFSL offers security trusteeship for bilateral, consortium and multiple lending arrangements involving banks, financial institutions, NBFCs and borrowers.

The service scope includes holding mortgages, hypothecation and charges created over borrower assets in favour of the trustee for the benefit of the relevant lenders.

The Security Trustee Agreement establishes the contractual arrangement between the borrower, the lender or lenders and the security trustee. Share the proposed lending structure with CFSL to discuss the appointment.

The CFSL profile describes the following process:

1. Execute the Security Trustee Agreement

   The borrower, lender or lenders and security trustee establish the arrangement through a Security Trustee Agreement.

2. Create security in favour of the trustee

   The borrower creates the agreed mortgage, hypothecation or other security in favour of the security trustee.

3. Hold the security for the lenders

   The trustee holds the charge and related security documents for the benefit of the single lender, multiple lenders or consortium, and coordinates with the parties.

4. Coordinate changes or enforcement

   Coordinate changes involving lenders under the arrangement and, when required following a default, enforcement of security in accordance with the governing documents and applicable requirements.

CFSL acts as trustee and custodian of assets held for beneficiaries. Assets are held, safeguarded and administered according to the trust or escrow agreement.

The trustee holds and administers the assets for the benefit of the beneficiaries identified in the arrangement.

The trust or escrow agreement sets out the terms and conditions for administration. The trustee monitors compliance with those agreed terms.

Share the purpose of the arrangement, the parties and beneficiaries, the assets involved and the proposed conditions with CFSL. These details help the team discuss the required scope and documentation.

The CFSL profile describes the following process:

1. Identify the transaction and conditions

   Identify the parties, the funds or property involved, and the events that must occur before a transfer can take place.

2. Put the escrow arrangement in place

   Establish the escrow trusteeship arrangement for the transaction and its agreed conditions.

3. Transfer when the conditions are met

   Carry out the transfer of funds or property between the parties when the agreed events occur, in accordance with the escrow arrangement.

This service provides independent administration of software escrow arrangements between software vendors and clients, including source-code deposits, vendor documentation and agreed verification and release processes.

The service coordinates deposits of software source code and related assets. The particular deposit contents and requirements are defined for the arrangement.

Release follows the contractual trigger events and release conditions agreed between the parties. The agreement determines the conditions and process for a release.

The published scope includes coordination of software verification, vendor onboarding and documentation, and L1, L2 and L3 support and escalation processes. Discuss the required scope with CFSL for your arrangement.

CFSL acts as trustee for securitisation structures, holding and administering trust property for the benefit of investors in accordance with the transaction documents.

The service includes overseeing the transaction, monitoring cash flows and distribution obligations, and administering trust property within the agreed transaction framework.

The trustee protects the interests of investors and other beneficiaries identified in the transaction documents.

Provide an overview of the proposed structure, the parties involved, the trust property and the expected cash-flow and distribution arrangements. The team can then discuss the appointment and relevant transaction documents.

The service page provides two enquiry options: Domestic Pledge of Shares and International Pledge of Shares.

Select the option that matches your proposed arrangement. If you are unsure, describe the parties, locations and requirements to the CFSL team for a discussion.

Include a brief description of the proposed arrangement, the parties involved, whether the requirement is domestic or international, and your preferred contact details.

Contact the CFSL team using the relevant Domestic or International enquiry option. Discuss the scope, documentation, terms and charges for your proposed arrangement before proceeding.

This service provides for custody of documents, including documents held under co-lending arrangements. The custody process is planned around the documents, authorised parties and agreed requirements.

Banks, financial institutions and organisations requiring custody of documents can discuss their requirements with CFSL.

The parties discuss the document inventory, handover and acknowledgement process when planning the custody arrangement.

The authorised parties and the process for requesting access, retrieval or release are defined as part of the custody arrangement. Discuss these requirements with CFSL before documents are handed over.

The CFSL profile describes the following process:

1. Identify the co-lending requirement

   Identify the co-lending arrangement and the security documents for which safe keeping is required.

2. Discuss the safe-keeping facility

   Discuss the custody requirement and suitable facility with CFSL for the relevant arrangement.

3. Arrange safe keeping of the documents

   Arrange for the security documents to be held under the agreed safe-keeping facility.