The money network:

The money network:

Why crowdfunding threatens traditional bank lending

EuromoneyFXNews.com

EuromoneyFXNews.com

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January 2006

Trustee services: Corporate trustees build new role

by Alex Chambers & Mark Brown

With their core jobs as trustees and paying agents commoditized, corporate trustees are relishing the chance to carve out a new role for themselves on structured credit deals.


Their status as independent third parties makes trustees a logical choice to act as collateral administrators on CDOs. Traditionally, the servicer – who is sometimes the originator – has acted as collateral manager in structured finance deals. But the growth of the synthetic CDO market has involved trustees running concentration tests and portfolio...


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