Particularly in syndicated financings, we assume the role of payment agent and/or security trustee. In addition to calculating receivables, preparing settlements, and distributing interest and principal payments to the underwriters, we monitor the fulfillment of agreed covenants, collect annual financial statements, and send late payment reminders. If applicable, we may also give loan termination notice pursuant to the loan or bond agreement. In the process, we assume both the realization of any existing securities and the representation of the lenders in insolvency proceedings.
We are licensed by the German authority BaFin to act as payment agent. All participants are corporate clients, family offices or institutional investors. Since 2009, we have used proprietary software with a risk-based AML module to manage receivables and syndicated financial operations. This software is continually being enhanced and can be adapted any time to the individual needs of clients.