Our experience and strong relationships have been built on professionalism, robust risk and compliance practices.
Who Are We?
At UCAT, we primarily offer trustee services to our clients dealing in both public and private debt transactions, as well as more traditional trustee services, such as escrow services or family trust facilities.
Our Corporate Trust team are experts in investments, finance, risk, compliance, strategy, and technology, and employ a learned and experienced team of ex-regulators, legal professionals, and tech gurus and offer businesses a full suite of Trustee and compliance services.
Your new expert Bond / Note Security Trustee.
Acting in both public and private debt transactions, as a bond/note trustee we represent the interests of the bondholder/investor during the life of the transaction, enforcing the terms of the bond where required and acting as a link between the investor and bond issuer.
What is a security trustee and why have one?
- A security trustee is an appointed independent entity that sits between investors and the investment bond.
- Most debt investments require an entity to act as the security trustee. The trustee must act impartially while representing the interests of the bond holders, especially in the event of any default by the bond.
- The trustee takes a charge over the security assets, typically for the benefit of the investors and in conjunction with the debenture. This is filed at Companies House and prevents other parties getting security against the assets in question unless a Deed of Priority is created.
Benefits of a Security Trustee
- Impartiality and independence in the holding and maintenance of the security interest.
- Organisation & Coordination with multiple stakeholders and/or creditors.
- The avoidance of having to grant security separately to all creditors which would be costly and impractical.
Services we can offer as a Security Trustee
- Set up – working with the relevant advisory teams or arrangers to provide the trustee’s perspective on the transaction documents and the Security Trustee documents. Customising and structuring the security documents to consolidate documentation ensuring compliance with all terms and conditions of the loan agreement or the offering documents.
- Communication and disclosure – during ordinary course of business, as well as during an enforcement process. Providing disclosures as required of the Security Trustee and reporting to all stakeholders.
- Creation, holding and maintenance of security interest.
- Monitoring compliance with transaction documents.
- Enforcement (liquidation) – Enforcement in event of default and consulting with lenders.
Contact Us.
Monday to Friday 9am – 5:30pm
Saturday, Sunday & Bank Holidays – Closed
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