Bank Loans / Syndicated Credit Facility
Security Trusteeship is a contractual arrangement amongst Borrower, Lenders and the Trustee. This arrangement is established by executing a document called Security Trustee Agreement (STA). The securities under the transaction are created in favour of the trustee for the benefit of the lenders.
Our services include:
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Advising security creation and related documentation procedure
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Vetting / drafting of security documents in line with sanction terms / loan documents
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Holding of security for the benefit of the lenders’ and ensuring compliance with regulatory filing / registration procedures
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Safe custody of title deeds, security and transaction documents
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Monitoring of security cover (transaction specific), disposal and substitution of existing securities
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Monitoring of endorsement of insurance policies / obtaining insurance policies as per lenders’ instructions
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Investigation of title / site inspection of the property / pay or discharge any tax levied\on security document upon instructions of the lenders
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Enforcement of security as per the terms of the security documents
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Managing enforcement proceeds as per waterfall mechanism