When several individuals or organisations collaborate on a project with a single paymaster, we keep things straight, transparently administering the monies so that everyone knows at all times what monies were received and where they were disbursed. Proven valuable for syndicated loans that are repaid over time, the approach can be applied to any situation where complete transparency at all times is important to making a project viable.

Selecting Your Bank Account

Transparency means that all those who have a legal interest in the account must be able to view it at any time to know the current status of the funds in the account. The fund manager is the only person authorized to make disbursements from the account.

To handle this, special functionality is necessary. We advise you as to which banks can provide you with the functionality that you need.

Administering Your Bank Account

If you have opened your account simply to avoid government bureaucracy and it will be simply to run your business, you can administer your account on your own. On the other hand,

if you are going to use your account for distribution purposes such as funding the debit cards of your sales force, distributing the payments received on syndicated loans, etc., then our account administration service can relieve you of the burden of tracking the status of receipts and disbursements from the account and make sure that each transfer occurs on time. We do not make the transfers from your account, we monitor the account balance and the instructions you have provided to us, advising you as to each transfer that is required, when it is to be made and how much it is to be. Whenever possible, we provide it to you in a format that allows you to pass it on to the bank with your approval for execution. You have the control without being saddled with the administrative burden.

Stability and Safety

Not all banks or jurisdictions are created equal. Furthermore, the U.S. PATRIOT Act gives wide-ranging authority to the U.S. government that makes it possible for it to close down almost any bank's international operations on the mere suspicion that the bank is laundering money. As this shutdown can happen very quickly, it is important to make sure that you have a backup plan in place. We can help you to select the correct banks and prepare for the eventuality that your bank is targeted by anti-terrorism authorities.