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Azərbaycan Respublikasının Milli Depozit Mərkəzi

Trustee service

Restricting the disposal of securities and funds until the terms of a transaction are fulfilled.

Trustee service means that, by agreement of the parties, securities or funds are held under the control of an independent third party — the trustee — and released to the relevant party once the terms of the transaction have been fulfilled.

How it works

  • The parties conclude a trustee agreement and set its terms;
  • The securities or funds are blocked in the trustee account;
  • Fulfilment of the terms is confirmed by documents;
  • The trustee transfers the assets to the party named in the agreement.

When it is used

The service reduces the parties’ risks in the sale of large blocks of shares, in mergers and acquisitions and in agreements providing for conditional payment: neither party bears alone the risk of waiting for the other to meet its obligation.