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| Custodian | A custodian arrangement enables organizations to engage a third party to hold assets, carry out investment instructions and provide account administration in accordance with the terms of a trust agreement.
Designed to help your organization:
- Monitor the transactions associated with the assets held in custody.
- Enjoy peace of mind with the knowledge that the assets are in the hands of a professional organization.
Concentra provides:
- Skilled professionals to ensure compliance with account requirements.
- Safe custody of the assets.
- Release of funds in accordance with instructions received by designated parties.
- Execution and settlement of buy and sell orders.
- Monitoring and collection of dividends and interest.
- Monitoring of corporate actions(rights/conversions/takeovers, etc.) connected with the portfolio.
- Complete reporting to the customer and other designated parties.
- Easy access to obtain ongoing support and assistance via phone, fax or email.
Your credit union:
- Retains Concentra to receive and hold assets.
- Directs investment of assets and release of funds.
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