Trust Management

We have a mature and well regarded capital markets franchise which has successfully completed 15 mortgage-backed securities issues into the Australian, New Zealand and global markets totalling $4.8 billion.

The group has negotiated and managed numerous sophisticated warehouse funding structures and has developed a selective but strong core of relationships with experienced capital partners in order to leverage management expertise in acquiring, funding and managing receivables portfolios.

Bluestone has a track record of performing the Trust Management role on each of its funding structures to the highest standard. Our strengths in this area include the following activities:

  • Waterfall Calculations, allocating principal, interest and fee collections and disbursement of cash in accordance with the transaction documentation;
  • Calculation of Threshold Rate, determine the minimum interest rate on receivables required to cover trust expenses;
  • Monitoring of portfolio parameters and covenants;
  • Bank account reconciliations;
  • Accounting, maintain general ledger of SPV, prepare annual statutory accounts and coordinate tax returns and audit;
  • Investor reporting, prepare investor reports and rating agency reports;
  • Prepare Drawdown notices, liaise with liquidity providers; and
  • Calculation and remittance of commission payments including generation of detailed reports and appropriate tax invoices.