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Trust services
Trust services
Trust (fiduciary) operations
Trust operations are one of the most convenient and safest ways to invest own funds into the business. Trust is an extremely personal service that is generated by the Bank for each client. Trust (fiduciary) operations have several advantages compared with direct investment:
• protection of assets from third parties;
• confidentiality and security of the transaction, as it is carried out on behalf of the bank;
• profits and tax advantages, as well as legislation of Latvia does not carry out taxation of income from fiduciary transactions.
Managing and Protecting of the Client's accets
While managing Client’s assets, the Bank acts on its behalf, but strictly in the interests of the Client under the Agreement of trust and Agreement on the placement of funds between the Bank and the Client. Principal is the full owner of the funds. Funds passed to the Trust, Bank maintains on a separate trust account (balance), apart from it’s own funds, and these funds do not include common set of requirements of the Bank’s creditors, even in the event of insolvency of the Bank.
Risk Management
Before signing the Agreement of trust management, Bank’s experts analyze the risk and inform the Client if the risk level of trust transaction is increased. The client agrees with the Bank on the terms of the trust deal with the risk level that is acceptable to both parties. Conditions of the trust transactions are indicated in the Agreement of trust management and there is explicitly specified which of the Parties undertake risk.
Types of trust management
The Bank provides its corporate and private customers with trust funds and assets management. The Client can choose or our specialists will suggest to him the most advantageous of the following proposed asset management models:
- Trust - placement of the funds with the financial institution - is the ability to place funds in order to obtain the highest profit at the financial insitution with the highest international ratings, with which the Bank has signed an agreement on partnership.
- Trust - loan is the ability to consolidate assets into one holding or group of companies, ensuring optimization of cash flow, including issuing money in the loan between the companies of a holding or group of companies, as well as placing customer funds in a financial institution or invest in company with higher returns.
Conclusion of a Contract of asset management and Bank’ s contacts
Trust services are provided to customers of the Bank, funds passed to trust must have documents confirming the legality of their origin. Trast Operation Division is processing of Trust transactions, specialists of which will provide you with all necessary information, listen to your wishes, offer optimal solutions and prepare Agreement for signing.
You can contact us by phone +371 6 7043538, +371 6 7043510 or by e-mail Gundars.Benkis @ expobank.eu, and also contact your Customer Service Manager at AS Expobank.
The necessary information you can find in the section Regulations.
With the Tariffs of banking operations and other financial services you can get acquainted in the section Service Fees.
18.05.2012, 18:30:16
AS Expobank non-cash currency exchange rates
| Buy | Sell | |
| EUR/LVL | 0.6895 | 0.7049 |
| USD/LVL | 0.541 | 0.5542 |
| EUR/USD | - | - |
| GBP/USD | 1.5617 | 1.5996 |
| USD/CHF | 1.0475 | 1.073 |
| USD/RUB | 0.0316 | 0.0324 |
| All currencies |