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Capital Market Services

Trusteeship Services

Act as Trustee to privately placed debt issuances, domestic and external commercial borrowings

Fees and Charges

Eligibility and Documentation

Features and Benefits

  • Drafting or vetting of common documentation to secure borrowings
  • Conceptualising, customising and structuring of the security documents to minimise documentation (including advising on the stamp duty implications on the borrower), but at the same time ensuring compliance with all the terms and conditions of the facility documents. Thus, ensuring effective execution of transactions.
  • Liasioning with the lead lender and the legal counsel on drafting the security documents
  • Disseminating the information between the lenders and the borrower
  • Monitoring the loan on a quarterly basis by calling of compliance information from the borrower
  • Prompt provision of information to the lenders on any matter pertaining to the covenants or terms or conditions of the loan and security
  • Assisting the borrower and the lenders in overall coordination and ensure smooth completion of the transaction with adherence to the given time frame
  • Providing a common forum for the lenders by convening meetings as and when required by the lenders
  • Taking such appropriate action including enforcement of security as may be requested by the lenders on the occurrence of an event of default
  • Holding in custody the security documents, insurance policies duly endorsed in favour of the trustee, guarantee deeds etc.

The Bank has acted as Security Trustee for:

  • Borrowings made for manufacturing activity
  • Borrowings made for thermal or hydro power projects
  • Borrowings made for rail or road projects
  • Various ECB or FCCB transactions
  • Settling of Trust and holding the receivables along with the underlying assets in Trust for and on behalf of the beneficiaries (investors)
  • Vetting of all the legal documents prepared by the legal counsel to ensure the "True Sale" nature of the transactions including adherence to the securitisation guidelines and ensuring smooth execution of the same
  • Appointment of the Rating Agency or Registrar and Transfer Agent etc.
  • Coordinating with NSDL for Credit Corporate Action and creation of the ISIN number and signing of the necessary documents
  • Ensuring funding of the requisite accounts in time in accordance with the provisions of the Information Memorandum
  • Ensuring that the Payout Cheques along with the Monthly Reports are sent across to the Investors or Custodians or Rating Agency on or before the due date
  • Addressing Investor queries on specific issues

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