CORPORATE TRUST SERVICES

A. Employee Benefit Trusts (EBT)

EPCI Trust Banking assists corporation in establishing and managing an EBT to provide a systematic arrangement for the payment of benefits to employees.

Customized Retirement Plan:
1. Defined Benefit Plan (Gratuity Plan) – A plan established and maintained by an employer to provide for the payment of definitely determined benefits to their employees totally and immediately after retirement.

2. Defined Contribution Plan (Provident Plan) – A plan established and maintained by an employer who is committed to contribute a fixed percentage (%) of the employees’ compensation regardless of whether the employees choose to contribute themselves or not.

        3. Hybrid Plan
        a) A Defined Benefit plan with an option for the employees
        to participate and/or contribute.
         b) A Defined Contribution plan with minimum defined benefits.

B. Corporate Investment Services

1. Revocable Trust Account (RTA) – EPCI Trust Banking acts as Trustee and manages the funds within a portfolio mix of fixed income and/or equities investments according to the short-term and longterm objectives of the company and the guidelines set by EPCI Trust Banking.

2. Pre-Need Company Funds – EPCI Trust Banking manages pre-need funds such as pension, life or educational plans. Trust Banking acts as a Trustee or Investment Manager of pre-need funds in compliance with SEC regulations to deposit in trust a certain percentage of the premiums collected from policyholders.

3. Investment Management Account (IMA) – EPCI Trust Banking functions as a fund manager of a company on a principal-agent relationship and manages all financial assets according to the objectives and guidelines set by the company and EPCI Trust Banking.

A. Special Trusts

1. Collateral/Mortgage Trust
EPCI Trust Banking acts as Trustee under a Collateral Trust Agreement (CTA) or Mortgage Trust Indenture (MTI). The corporate borrowers’ properties are held by the bank as Trustee and are used as collateral for a syndicated loan or bond issue or other obligations of the borrower or bond issuer.

2. Loan/Security Agency
EPCI Trust Banking acts as a liaison between the corporate borrower and a consortium of creditors to ensure that all covenants under Loan Agreements and Collateral Trust Agreements (CTA) or Mortgage Trust Indentures (MTI) are faithfully complied with.

3. Custodianship
EPCI Trust Banking acts as a custodian to safekeep assets, usually stocks or bonds.

4. Escrows
EPCI Trust Banking acts as an independent third party to two or more principals.

5. Court Trusts and Guardianships
EPCI Trust Banking as appointed by a court of competent jurisdiction, or under agreements, acts as trustee or fiduciary to trustors or principals to manage and distribute the properties of a principal.

6. Life Insurance Trusts
EPCI Trust Banking is appointed Trustee under life insurance trust agreements. The Trustor makes his life insurance payable to EPCI Trust Banking, who shall manage and distribute the proceeds in accordance with the dispositive provisions of the agreement. This is also considered as an estate planning tool.

B. CORPORATE AGENCY SERVICES

1. Settlement Bank – EPCI Trust Banking facilitates the cash settlement of daily trades of the member-brokers of the Philippine Stock Exchange (PSE). Also acts as Cash Settlement Bank for various fixed income securities trading and long-term negotiable certificates of deposits (LTNCDs).

2. Transfer Agency/Transfer Registrar – EPCIB Trust Banking handles the issuance and cancellation of shares of stock of an issuer corporation and registers the transaction in the stock and transfer books of that corporation. EPCI Trust Banking also serves as a subscription agent during stock rights offerings, and dividend paying agent for both cash and stock dividend declarations. EPCI Trust Banking also acts as a registrar for the issuance and cancellation of evidences of investment or participation in long-term commercial paper issues, mutual funds, asset-backed securities issues, fixed income securities and LTNCDs.

3. Paying Agency – EPCI Trust Banking acts as paying agent for interest and principal payments to various fixed income securities holders, and paying agent of cash dividends, payable to al Philippine Central Depository (PCD) participant members.

4. Receiving Agent for Initial Public Offerings – EPCI Trust Banking acts as agent to receive all subscription agreements and payments for subscription to shares during the offering period for Initial Public Offerings (IPOs) of stocks, fixed income securities and LTNCDs.

5. Escrow Agent for Locked-up Shares – EPCI Trust Banking acts as agent to receive and safekeep stock certificates of original and controlling stockholders of an issuer corporation whose shares are being listed and traded for the first time in the subject shares shall not be released to the said shareholders until the end of a required “lock up” period.