Corporate and Institutional Services
S T R E N G T H A N D S TA B I L I T Y W I T H R B C
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RBC is one of Canada’s largest banks and
among the largest banks in the world
based on market capitalization. Its long
term ratings are among the highest in the
industry and it boasts a comparably strong
Tier One Capital Ratio.
With offices in Canada, the uS and over 50 other countries, RBC has around 79,000 employees worldwide, serving more than 16 million personal, business and public sector clients. Furthermore, RBC is part of the Canadian banking sector which has been consistently recognized in recent years as being among the world’s safest.
RBC Key Statistics1
n Market capitalization: uS$104 billion, 12th largest globally n Long term senior debt ratings: Aa3 (Moody’s),
AA- (Standard & poor’s), AA (Fitch)
n Tier one Capital Ratio: 9.5%2.
For more information, please visit rbc.com
Corporate and Institutional Services is a part of RBC Wealth Management, one of RBC’s five global business divisions.
RBC Wealth Management is today recognized as a top five global wealth manager by assets under management3. It has in excess of 12,000 full time employees servicing more than 35,000 high net worth individuals through its global network.
RBC Wealth Management Key Statistics4
n Assets under administration (AuA): C$701 billion n Assets under management (AuM): C$442 billion.
For more information, please visit
TA I L o R E D S o Lu T I o N S To A D I v E R S E C L I E N T B A S E
CoRpoRATE AND INSTITuTIoNAL SERvICES | 3
Corporate and Institutional Services is a
multi-jurisdictional team that provides an
extensive and competitive range of tailored
financial services to a globally dispersed
client base encompassing a wide variety
of corporate and institutional clients and
investors.
our global service offering is based on the provision of four core services, supported by a series of complementary services:
Global Custody
The global custody service that we offer aims to safeguard your assets through our extensive global agent network.
Depositary and Trustee Services
We provide a well-established custodian trustee service that performs fiduciary oversight and compliance monitoring duties.
Fund Administration
our in-house expertise enables us to provide you with a robust fund administration service, helping you ensure that the regulatory and operational requirements of your fund(s) are fulfilled.
Captive Solutions
We offer an integrated banking, credit and investment based solution, specifically aimed at offshore captive managers and insurance companies.
We work in close partnership with a broad range of market participants and intermediaries, providing comprehensive support, guidance and expertise:
n Fund sponsors
n Captive insurance providers n Asset and investment managers n Family offices and trustees
n Multi-national corporations, offshore holding companies
and subsidiaries
n Sovereign wealth and pension funds n Lawyers and accountants
n prime brokers n Financial advisors.
The specialized services we offer to fund sponsors cover virtually all fund strategies and structures:
Fund Strategies
n Traditional long-only funds
n Alternative investments including: private equity,
venture capital, real estate and fund of funds.
Fund Structures
n open-ended and closed-ended funds n Standalone, multi-class and umbrella funds n Exchange traded funds (AIM, CISX, ISE, LSE, SFM) n private and family funds
o u R A p p RoAC H
4 | CoRpoRATE AND INSTITuTIoNAL SERvICES
Our philosophy is based on five key principles, which are aligned
with the typical needs and objectives of our clients:
1
Relationship strengthWe believe in establishing long term partnerships. Your dedicated relationship team will have the technical ability, experience and personality to exceed your expectations.
2
Service qualityWe pride ourselves on providing a high quality and timely service. We achieve this through the use of appropriate service level arrangements and periodic review meetings.
3
Tailored solutionsWe provide tailor-made solutions to meet your requirements. We work with you to define your needs and then adapt our processes to support you.
4
SecurityWith one of the highest credit ratings in the industry and a well capitalized balance sheet, RBC is one of the world’s leading and most secure financial service providers.
5
Global reachAs a global service provider with offices in most major financial centres, we provide a seamless integrated service when it comes to complex international structuring.
G L o B A L C u S To DY
CoRpoRATE AND INSTITuTIoNAL SERvICES | 5
Our global custody services are well
established in major offshore jurisdictions
and are designed to meet the needs and
objectives of fund promoters, asset and
investment managers, family offices, ultra
high net worth individuals and captive
insurance companies.
operating from the Caribbean and the Channel Islands, our team holds in excess of uS$33 billion in assets under custody5. We provide custody and trade settlement services to a broad range of securities in over 80 markets, for leading global asset and investment managers and fund sponsors.
In particular, our offering is aimed at clients considering a start-up or exchange listing, reviewing existing service providers, or looking for the safety and stability of a globally renowned custodian.
We can also provide access to onshore custody services through our partnership with RBC Investor & Treasury Services, one of the world’s leading global custodians.
Benefits
Available services include:
n Commission-free collective investment trade settlement n Full trade status for all trades in alternative funds n Fully segregated and/or omnibus level private and
institutional client capital and income reporting and valuation
n prompt handling and collection of all trade settlement
and investment income to meet cash flow requirements
n provision of interest bearing accounts and fixed term
deposits in major currencies
n Contractual settlement date accounting to meet liquidity
and foreign exchange requirements6
n Reports and valuations for client portfolios n portfolio lending (subject to credit terms) n Gateway to RBC Capital Markets solutions.
We also offer access to other services such as bridge financing and treasury services, including forward foreign exchange contracts.
D E p o S I TA RY A N D
T Ru S T E E S E Rv I C E S
F u N D A D M I N I S T R AT I o N
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With a service specifically designed for
fund promoters, we can provide oversight
of your fund-related functions, ensuring
compliance with fund documentation,
scheme particulars and regulatory
requirements.
our approach to custodian trusteeship is based on
industry-leading regulatory models and our procedures are standardized and continuously reviewed.
We have a dedicated team which works in partnership with RBC’s internal administrators and third party providers to ensure timely delivery of a tailored service.
Benefits
We provide the following custodian trustee services:
n Asset safeguarding including custody and trade execution n Representing investor interests
n Creating and cancelling unit shares n Maintaining the register of investors n Detailed compliance monitoring n Comprehensive fiduciary oversight
n Custody, cash flow monitoring and compliance
monitoring in respect of AIFMD.
We can also offer a service to ensure your fund management is in accordance with relevant laws and regulations as well as the fund’s scheme particulars.
We offer a comprehensive,
multi-jurisdictional fund administration service
for traditional and alternative investment
fund structures, adapting our solution to
your operational fund requirements
accordingly.
With a total in excess of uS$33 billion assets under
administration7 , we are one of the leading service providers for collective investment fund structures domiciled in a wide variety of onshore and offshore financial centres.
These include, but are not limited to: Bahamas, Bermuda, British virgin Islands, Cayman Islands, Delaware, Guernsey, Jersey and the united Kingdom.
Benefits
our fund administration services include:
n Financial accounting
n Tailored valuations and net asset value (NAv) calculations n Registrar and transfer agency services
n Investor servicing
n Corporate secretarial services
n Regulatory compliance and anti-money laundering services n Exchange listing support.
C A p T I v E S o Lu T I o N S
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The service that we provide to captive
insurance companies is based on a
thorough understanding of the market in
which they operate.
From assisting with fronting requirements through letters of credit and trust structures, to banking and custody services and tailored investment portfolios, we have the resources, the expertise and the experience to ensure that you are provided with a first class holistic solution.
Benefits
our Caribbean based team provides customized solutions to in excess of 400 captive insurance companies domiciled in key captive insurance jurisdictions including Cayman, Bermuda and Barbados:
n Tailored, bundled, industry-specific solutions delivered
through a dedicated specialist manager
n Access to banking, credit, custody and investment services,
including online access
n Leading provider of credit solutions to the Caribbean
captive insurance sector
n Industry specialists in multiple jurisdictions
n Experience in emerging market insurance trends and in all
major domiciles
n Expertise in adapting to regulatory changes and associated
business needs
n Robust banking platform leveraging the strength and
stability of RBC
n onshore and offshore availability through RBC’s global
S u p p o RT I N G S E Rv I C E S
oT H E R S E Rv I C E S
CoRpoRATE AND INSTITuTIoNAL SERvICES | 9
Banking
our range of custody and fund related banking services are competitive, easily manageable and complementary to the other components of a corporate financial portfolio. We can offer:
n Call accounts
n Fixed term and fiduciary deposits n payment services
n Foreign exchange n Currency hedging.
Accounts and deposits are available in major currencies and the banking services we provide are supported by the strength and stability of RBC, one of the world’s most stable and reputable financial organizations.
Credit
used appropriately, credit can help enhance liquidity, provide protection from currency exposure and create value. We offer a range of custody and fund related credit solutions in most major global currencies:
n Currency hedging n Bridge financing
n Term loans and revolving credit facilities n Select leverage facilities
n Sophisticated bespoke solutions.
Credit is available in AuD, CAD, CHF, EuR, GBp, JpY and uSD.
online Services
RBC’s secure web-based banking system, online Services, offers you fast and convenient access to your assets. Features include:
n Live access to cash and asset positions n Cash payments facility
n up to two years of transaction history n Tailored reporting.
The reporting features offered are wide-ranging and enable you to provide your clients with access to their holdings if required.
RBC Capital Markets
RBC Capital Markets is a leading investment bank that provides financial services to global corporations, institutional investors and governments. With over 7,000 employees, it operates out of 70 offices in 15 countries, delivering its services through operations in North America, the uK, Europe and Asia-pacific.
Services offered:
n Mergers and acquisitions, privatizations,
capital reorganizations and restructuring
n Corporate dealing
n private placements of equity capital n Direct investment opportunities
n Acquisition finance and leveraged buy-outs n Structured products
n Research.
RBC Corporate Employee & Executive Services
RBC Corporate Employee & Executive Services is a leading employee benefit plan administrator and trustee. plan types include:
n Carried interest plans n Co-investment plans
n Deferred compensation plans n Executive and employee equity plans n Executive pension plans
n Retirement and savings plans.
RBC Wealth Management
We can also provide your clients with access to any of the range of solutions available through RBC Wealth Management, a top five global wealth manager by assets under management.3
AT A G L A N C E
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Working in partnership with Corporate and Institutional Services provides a host of benefits:
Efficiency
We provide tailored solutions that can help simplify operations and enhance performance.
Flexibility
We can fulfil your financial requirements ourselves or work with your other service providers as required.
Relationship
You will always be looked after by a dedicated trusted advisor.
Convenience
Assets can be held in most major offshore jurisdictions.
Credibility
We have a distinguished track record in dealing with all kinds of assets and fund managers.
Security
RBC’s strength and stability provides you with assurance in relation to the safety of your assets.
Global reach
C o N TAC T u S
CoRpoRATE AND INSTITuTIoNAL SERvICES | 11 We look forward to discussing how we can help you. All enquiries are welcome and will be treated confidentially.
Corporate and Institutional Services
cis@rbc.com
rbcwealthmanagement.com/cis
Bahamas
Lyford Cay House Western Road Nassau Tel: +1 242 702 5900 Barbados 2nd Floor, Building #2, Chelston Park
Collymore Rock, St.Michael
Tel: +1 246 429 4923
Cayman Islands
4th Floor Royal Bank House
24 Shedden Road
George Town
Tel: +1 345 949 9107
Guernsey
Canada Court, Upland Road St Peter Port, GY1 3BQ
Tel: +44 1481 744 000
Jersey
19-21 Broad Street St Helier, JE1 8PB
Tel: +44 1534 283 000
1 Source: Bloomberg, September 25, 2014 2 Source: Bloomberg, July 31, 2014
3 Scorpio partnership Global private Banking KpI Benchmark 2014 (5th place) 4 As at July 31, 2014
5 As at August 31, 2014
6 Available in select markets but not applicable to certain security types, including
mutual funds and unit trusts, which include hedge funds and funds of hedge funds.
Issued by Royal Bank of Canada (Channel Islands) Limited (“RBCCI”) on behalf of RBC® companies that comprise the RBC Wealth Management networks in the British Isles and Caribbean, including the entities detailed in the following paragraph, all member companies of Royal Bank of Canada (the “Member Companies”).
Royal Bank of Canada Trust Company (Cayman) Limited is licensed by the Cayman Islands Monetary Authority. Royal Bank of Canada Trust Company (Bahamas) Limited is licensed by the Central Bank of Bahamas. Royal Bank of Canada (Caribbean) Corporation and Royal Bank of Canada Financial Corporation are licensed by the Central Bank of Barbados. RBC Dominion Securities Global Limited is licensed by the Securities Commission of Barbados, the Securities Commission of the Bahamas and the Cayman Islands Monetary Authority.
Royal Bank of Canada (Channel Islands) Limited is regulated by the Guernsey Financial Services Commission in the conduct of deposit taking and investment business and to act as a custodian/trustee of collective investment schemes in Guernsey, and is also regulated by the Jersey Financial Services Commission in the conduct of deposit taking, fund services and investment business in Jersey. Certain financial services mentioned are provided by subsidiaries other than RBCCI. RBCCI’s general terms and conditions are updated from time to time and details thereof and of the names and addresses of the main subsidiaries can be found at www.rbcwminternational.com/terms-and-conditions-British-Isles.html. Registered Office: Canada Court, St Peter Port, Guernsey, Channel Islands, GY1 3BQ, registered company number 3295. Deposits made with the offices of RBCCI are not covered by (i) the respective Deposit Compensation Schemes in Jersey and Guernsey (“the CI Schemes”), unless the deposit is held in the name of a private individual or (ii) the UK Financial Services Compensation Scheme. Links to the official websites which provide details of the respective CI Schemes are available on the Jersey and Guernsey pages of our website. Copies of the latest audited accounts are available upon request from either the registered office or the Jersey Branch: 19-21 Broad Street, St.Helier, Jersey JE1 8PB. RBC Offshore Fund Managers Limited is regulated by the Guernsey Financial Services Commission in the conduct of investment business. RBC Fund Administration (CI) Limited is regulated by the Jersey Financial Services Commission in the conduct of fund services and trust company business. RBC Fund Services (Jersey) Limited is regulated by the Jersey Financial Services Commission in the conduct of fund functionary and fund services business. Depending on your location, some of the services in this brochure may not be available to you. Further discussion and evaluation of each client’s circumstances is required to ascertain whether these products and services would be of benefit to them. This document does not constitute an invitation to buy or the solicitation of the offer to sell any products or services in any jurisdiction to any person to whom it is unlawful to make such a solicitation in such jurisdiction. This brochure is intended as general information only and it is not intended as nor does it constitute tax, legal, investment or other professional advice. Readers should consult their own lawyer, accountant or other professional advisor when planning to implement a strategy. The information contained in this document has been compiled by the Member Companies from sources believed to be reliable, but no representation or warranty, express or implied, is made by Royal Bank of Canada, RBC Wealth Management, its affiliates or any other person as to its accuracy, completeness or correctness. To the full extent permitted by law, neither of the Member Companies nor its affiliates, nor any other person accepts any liability whatsoever for any damages whatsoever (including direct, indirect, incidental, special, consequential, exemplary or punitive damages) arising out of or in connection with any use of this document or the information contained herein. All services outlined are subject to Terms and Conditions which are available from the relevant Member Company. Please also note that the applicable regulatory regime, including any investor protection or depositor compensation arrangements, may well be different from that of a client’s home jurisdiction.
® / ™ Trademark(s) of Royal Bank of Canada. Used under licence. CA2306/Nov15
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