The Value of a Reliable Trust Provider
20 Years Ago–1994: Seven of the top 10 ranking municipal trustees no longer exist or no longer provide trust services today.*
10 Years Ago–2004: Four of the top 10 ranking corporate trustees no longer exist or no longer provide trust services.*
These statistics highlight a concern that many corporations, government entities and other trust clients have in today's market — is their trust provider going to be here tomorrow, next year, in 10 years? With the length of trust deals ranging from several months up to 30 years or more, it's a valid concern. Changing trust providers can be expensive and time consuming when you consider any legal charges, staff expense and the risk of any errors that may occur.
Working with a trust provider you can rely on for years to come, while providing you with excellent service today is critical. U.S. Bank Global Corporate Trust Services is the trust provider you can rely on now and long into the future.
As a leading municipal, corporate and structured finance trust provider 20 years ago and still today, U.S. Bank has the track record that proves our continued commitment to being the trust provider of choice to clients throughout the nation.
Significant Role in the Global Debt Market
With more than $3.6 trillion of assets under administration, over 20,000 cash disbursements totaling $32 billion per month, nearly 440,000 bondholders and processing an average of 27,800 bondholder payments per month, U.S. Bank Global Corporate Trust Services, as trustee and agent, plays a significantly important role in the efficient and reliable operations of the global debt market.**
Our commitment to the future is exemplified by our solid growth in new business, increasing market share and through the successful completion of more than 21 acquisitions over the past 21 years — one of the longest track records of continuous growth in the industry. Richard K. Davis, Chairman, President and Chief Executive Officer of U.S. Bancorp, recently referred to U.S. Bank Global Corporate Trust Services as a "great business" that continues to have "a lot to like about it."
Committed to Serve
Our industry leading role is a direct result of our commitment to all of the key stakeholders involved in the corporate trust business:
- Our Clients and Related Parties. The needs of our clients evolve over time. U.S. Bank stands ready to meet those changing needs as they occur and ensure we maintain a superior level of customer service for our clients. We continue to invest in technology to meet client desires for more transparency and faster information availability.
- Capital Markets. Our market share and top ranking status have moved us to a significant position in the Capital Markets. We take this position seriously and have increased our focus on responsiveness to the market while continuing to commit to the highest risk management standards for the benefit of our clients and U.S. Bank.
- Employees. Our well-respected professionals are among the best talent in the marketplace and form the foundation for our leadership position. We strengthen our client relationships through deepening accessibility to product specialists and demonstrated this through our recent addition of highly qualified Collateralized Debt and Collateralized Loan Obligation experts in our Houston office. Our people also take an active role by serving in industry associations including the American Bankers Association Corporate Trust Committee, the Council of Development Finance Agencies, MBS Document Custody Committee and many other national, regional and local organizations.
Interested in learning more about our commitment to corporate trust? Contact a member of our U.S. Bank Global Corporate Trust Service team today or visit us online at: usbank.com/corporatetrust.
* ThomsonReuters SDC Platinum 1994, 2004, 2014.
** Internal Records
The information provided represents the opinion of U.S. Bank and is not intended to be a forecast of future events or guarantee of future results. It is not intended to provide specific investment advice and should not be construed as an offering of securities or recommendation to invest. Not for use as a primary basis of investment decisions. Not to be construed to meet the needs of any particular investor. Not a representation or solicitation or an offer to sell/buy any security. Investors should consult with their investment professional for advice concerning their particular situation. Investment and Insurance products are:
| NOT A DEPOSIT | NOT FDIC-INSURED | MAY LOSE VALUE | NOT GUARANTEED BY THE BANK | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY |
The articles and information included in this newsletter are for your information and are not intended as legal, accounting or tax advice. U.S. Bank and its representatives do not provide legal, accounting and/or tax advice. Clients are encouraged to contact their legal, accounting and/or tax advisor regarding their particular situation. While the information is intended to be accurate, neither U.S. Bank Global Corporate Trust Services nor the publisher accepts responsibility for relying on the information provided. Images may be from one or more of these sources: ©Thinkstock, ©iStock, ©Fotolia. ©2014 U.S. Bank Global Corporate Trust Services. Member FDIC.