As a leading trustee company, HAOTRUST have access to a considerable range of resources, and enable team to provide comprehensive solutions with a variety of quality services and offer a high level of dedication to our clients. These services includes:
AS A LEADING CUSTODIAN IN CAMBODIA, WE HAVE CONSIDERABLE EXPERIENCE IN PROVIDING CUSTODY SERVICES
The funds management industry plays a critical role in allowing Cambodia to build wealth, making it crucial for a fund’s assets to be well protected. Employing a custodian is an effective way to protect investors and safeguard the assets of a managed investment scheme against the risk of theft or loss it, for example, liquidation of the responsible entity or trustee occurs.
In addition to asset protection, appointing an independent custodian allows the Responsible Entity/Trustee and investment manager to concentrate on the fiduciary and investment management functions of the fund, achieving better results for investors, promoting transparency, demonstrating excellent corporate governance and boosting investors’ confidence.
As a custodian, we hold scheme assets on trust and follow a strict asset registration process to ensure they are both identifiable and properly segregated from other trust assets. We hold title to the assets, physical custody of deeds, maintain bank accounts and enter into contracts on behalf of the scheme.
- Real Estate Trust
- Investment Trust.
- Legal ownership of scheme assets.
- Holding and recording cash and money market transactions in identifiable accounts.
- Making payments based on clients’ instructions including electronic funds transfers, bank cheques, and telegraphic transfers.
- Receipt and recording of all custody and income maturities.
- Reconciliation of bank accounts.
- Holding and recording scheme title documents in secure, fire rated and scheme segregated facilities.
- Execution of documents in accordance with client instructions relating to the scheme assets including leases, sale and purchase agreements, debt facilities and documents for corporate actions.
- Quarterly compliance reports, confirmations of net tangible assets and asset confirmations.
- Annual audit of our control environment
