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Trustee Services - Structured Finance

In common law jurisdictions (such as the Cayman Islands and Ireland) it is possible to structure repackaging and securitization transactions through a debt issuing unit trust. The unit trust is generally established under a trust deed, the beneficial interests of which are held on trust for charitable purposes. The trustee will then issue the debt securities which are limited in recourse to the secured assets of the trust. Unit trusts are often used (in place of companies or partnerships) in jurisdictions where participation in a unit trust is more acceptable or attractive than utilising a company or partnership.

A unit trust requires a licensed trust company to act as trustee. Maples Fiduciary is licensed to act as a trust company in Bermuda and the Cayman Islands, where single purpose trust companies will normally act as trustee of a single debt issuing unit trust to assist in the ring fencing of the transaction. This can often be helpful to clients in terms of managing risk.

Contacts

Cayman Islands

Maples Fiduciary Cayman Islands
Peter Huber
work +1 345 814 5728
Maples Fiduciary Cayman Islands
Guy Major
work +1 345 814 5818

Delaware

Maples Fiduciary Cayman Islands
Guy Major
work +1 345 814 5818

Dubai

Maples Fiduciary Singapore
Hugh Thompson
work +65 6436 6911
Maples Fiduciary Dubai
Andrew Millar
work +971 4 511 4202

Dublin

Maples Fiduciary Dublin
Stephen O'Donnell
work +353 (0)1 697 3244
Maples Fiduciary Dublin
Pádraic Doherty
work +353 (0)1 697 3238

Hong Kong

Maples Fiduciary Hong Kong
Charlie Sparrow
work +852 3690 7690

London

Maples Fiduciary London
Sam Ellis
work +44 20 7466 1645

Luxembourg

Maples Fiduciary Luxembourg
Tom Davies
work +352 26 68 62 33

Netherlands

Maples Fiduciary Netherlands
Jan Hendrik Siemssen
work +31 20 808 1081

Singapore

Maples Fiduciary Singapore
Hugh Thompson
work +65 6436 6911