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BB&T Corporate Trust Services provides a complete range of services that can be tailored to meet your business plan and marketplace demands. We offer competitive pricing, can serve in multiple capacities, and hold a deep-rooted, personal investment in the well-being of our clients. BB&T also has a long tradition of optimizing technology to improve efficiencies regardless of the service provided, whether it is for a relatively short-term capital raising initiative or a long-term custodial responsibility.
| BB&T Corporate Trust Services |
Escrow Agent |
In our capacity as an escrow agent, BB&T:
- Serves in third-party arrangements under which physical custody and record keeping must be maintained until escrow agreement conditions are met (For example: harboring funds deposited for restructuring or refunding a bond issue)
- Protects the interests of all parties to the agreement
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Bond / Indenture Trustee |
When an indenture is issued, BB&T can act as bond trustee to ensure bondholders are protected and the issuer is meeting the terms of the indenture:
- Authenticate bond certificates
- Ensure issuer compliance
- Monitor principal and interest payments
- Administer sinking funds
- Submit periodic reports to bondholders
- Prepare tax reporting information
- Represent bondholders in the event of default
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Bond Registrar and Paying Agent
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If BB&T does not act as bond trustee, we still can act as bond registrar, processing registration of transferred securities and paying interest to bondholders on behalf of the issuer. Administrative functions include:
- Maintaining meticulous records of registered certificates to prevent over-issuance
- Administering principal and interest payments
- Verifying adequate funds are available for scheduled payments
- Maintaining detailed payment records
- Filing reports with federal and state authorities
- Cancelling matured certificates
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Stock Transfer Agent |
As stock transfer agent, BB&T provides:
- Registration of stock issues and maintenance of ownership records
- Processing changes in ownership and owners' addresses
- Replacement of lost or stolen certificates
- Record keeping of issued certificates
- Safeguarding unissued certificates
- Shareholder mailings, including solicitation of proxies
For corporations that declare dividends, BB&T:
- Handles disbursements to registered shareholders
- Files all required tax returns to federal and state authorities
- Sets up and manages dividend reinvestment plans for clients who offer that option
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Credit Facility Trustee |
As a credit facility trustee, BB&T:
- Works directly with corporate trustees who issue letters of credit
- Holds the institution's letter of credit and draws upon that letter as directed by the trustee
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