Structured Finance Services

We have been active in the offshore structured finance market for over twenty years, providing a variety of services to trusts, companies and partnerships used as holding vehicles for transactions.

Offshore structured finance transactions can be set up using trusts, partnerships or companies to achieve the desired outcome.

Trusts can take many forms. Jersey Charitable or Non-Charitable Purpose Trusts can, for example, be used for specialist transactions precisely because they do not have a defined class of beneficiaries, which may be important from a taxation and accounting perspective. They can be used to hold shares in a Special Purpose Vehicle (SPV) thus making that SPV bankruptcy remote from the originator of the transaction. The Lloyds TSB Group also acted as trustee in the securitization that established the first Jersey law governed pass-through trust.

SPV management has also formed a major part of this business as many Special Purpose Vehicles are set up as companies. Lloyds TSB Offshore Trusts can provide the full range of services in connection with managing offshore companies used as SPVs.

Increasingly partnerships are used as holding vehicles for structured finance transactions and Lloyds TSB Offshore Trusts has gained wide experience in managing these vehicles. This includes acting as Partnership Administrator, arranging partnership meetings, dealing with custodians of assets and completing specialist accounting functions.

Through our associated Lloyds TSB banking operations we can offer a full custodian service and cash management arrangements. The Bank has full access to international markets and can arrange settlement and delivery of tradable securities through its global custodian.