This is an extension of services for creation of security for and on behalf of Lenders. In Agency arrangement trustees provides all sort of logistics for creation of security i.e. get the possession of Title Deeds, carry out search, carry out lis-pendens (i.e. Pending litigation), carry out valuation of securities, payment of appropriate stamp duty, vetting of documents and creation of security in favour of Lenders.
We STCL advise and undertake
- security creation procedure and stamp duty provisions / implications.
- creation and holding of the security as an agent of Lenders.
- keeping the security documents and documents of title in safe custody.
- acting upon the instructions of the Lenders
- monitoring the security & if need be, review financial position of Borrowers from time to time.
- monitoring the Asset Coverage Ratio, if stipulated.
- maintain Records and submit various reports to the Lenders.