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Depositary

A depositary is a requirement for an AIF under the Directive to undertake a number of prescribed responsibilities. The depositary is required to act honestly, fairly, professionally, independently and in the interest of the fund and its investors.

JTC has been granted a depositary licence by Luxembourg’s Ministry of Finance asserting our capabilities to support a growing number of fund managers in Europe. We also offer a non-EU solution with both ManCo and depositary licences in Guernsey and are able to offer depositary services in the UK through our partnership with Indos.

What We Do

We are well placed to assist with your depositary requirements and offer a wide range of depositary services relevant and customised to your specific jurisdictions.

Our depositary services include:

SAFE KEEPING / RECORD KEEPING

Network Management
  • New Market (opening)
  • Market risk monitoring
  • Account segregation
  • Monitoring of delegates
  • Account maintenance
Operations
  • Settlement and processing
  • New Account (opening)
Monitoring of all assets
  • Ownership verification
Permanent Inventory
  • Asset registration
  • Asset reconciliation
Transaction supervision
  • Investments
  • Cash reconciliation

SUPERVISION

  • Client acceptance & risk assessment
  • Subscription and redemptions
  • Income distribution
  • Timely settlement of transactions
  • Asset valuation and NAV calculation
  • Detection/monitoring of breaches (AIFM law, circulars and PPM)
  • External parties (AIFM, Fund Accountant, Registrar/TA) oversight

CASH MONITORING

  • Bank accounts (in name of the AIF)
  • EU credit institutions or equivalent
  • Reconciliation of flows (matching)
  • Identification of significant and inconsistent cash flows
  • Annual process review (Risk)
  • Periodic reconciliation of all liquidities of the AIF

For any specific requirements tailored to suit your needs please contact one of our team.

People

Marie Jarvis
Director - Fund Services - Guernsey Guernsey
Jonathan Jennings
Group Head of Institutional Client Services London

Offices

JTC is an international organisation with global reach and true cross border capability. Our depositary services are directly supported from the following offices:

Latest

Our resources and strengths

We value shared ownership

We operate around the principle that if our people have a stake in the business, they will do a better job for our clients.

We invest in people

Over 70% of our employees hold a relevant professional qualification or are working towards this through our dedicated JTC Academy.

We embrace technology

We operate a variety of best-in-class systems to deliver and maintain an impeccable standard of administration and use technology to innovate in both service delivery and efficiency.

We value relationships

We aim to work with clients who share our belief in the importance of building strong relationships over time.

Submit an Enquiry

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