Product Background
- - Planning to launch an overseas investment fund, but has scarce knowledge about each market (regulation environment, trading hours, tax, etc) and not familiar with settlement mechanism in each market
- - More complexity in documentation for global custody in case the number of markets to invest in is multiple
- - Causes heavy workload and costs a lot to employ multiple overseas custodians
- - A trustee who understands the structure of daily becoming complex products such as derivatives fund is needed
- - The capability to read through and sign on an English contract on behalf of an investment trust is absolutely needed.
Benefit
- - Can immediately offer basic information on each overseas market
- - When locally not available or additional information is needed, promptly seek for and provide necessary information from Citigroup's global network .
- - Consistency in overseas settlements via Citigroup's global network.
- - A single contract with Citibank Korea Inc. provides global trustee/custody services in various overseas markets.
- - Aggressive supports in new products, no restriction in signing on English contracts
Strength of Citibank Korea Inc.
- - Efficient trustee services are offered through a Citigroup’s global network and experience/knowledge in various markets.
- - Investment in various markets with simple documentation
- - Enjoy cost saving and consistent services thanks to Citigroup’s proprietary network
- - Capability to accommodate new products
Clients
- - Local Investment Trust Management Companies and Asset Management Companies.
- - Institutional investors such as insurance companies, pension funds and etc.
Required Documents
- - Basic Agreement for investment trust
- - Trust Deed or Custody Agreement for each fund