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.
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.
Confidentiality & Privacy
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