Deutsche Bank’s Exchange & Restructuring team provides comprehensive and innovative solutions to support any type of restructuring and liability management event in the market. We offer exceptional service levels, streamlining the restructuring process, and delivering end to end support from execution to settlement.

The challenge

Tenders, exchanges and debt restructurings are sensitive in nature and require an experienced agent who is able to act as an effective intermediary between the issuer, the dealer manager, and the security holders. The time criticality of these types of transactions means that the fast and accurate flow of information is vital.

The solution

Deutsche Bank streamlines the restructuring process, facilitating the quick and accurate flow of information and settlement of cash and securities for parties to the transaction. Minimising the number of agents involved can reduce delays in communication and maximise efficiency. Deutsche Bank provides additional services such as paying agent, trustee, settlement agent, custody, escrow, FX services, and listing agent, for the issuance of new securities.

The benefits

End-to-end support
Deutsche Bank brings a wealth of corporate action experience and supports every aspect of exchange and restructuring transactions. We provide a full documentation review prior to launch, and guidance on facilitating the transaction to obtain optimal results. Offers are communicated via the relevant clearing systems and queries are responded to in a timely and efficient manner. We can also attend security holder meetings if required and provide timely and accurate progress updates. A single point of contact with dedicated email and phone line is provided for each transaction, and standard agency agreements further create efficiency.

 

Timely custom reporting
Our dynamic reporting is flexible enough to meet each client’s specific requirements. It includes:
  • Participation reports, providing all tabulated instructions received
  • Calculation reports, providing any security or cash calculations
  • Summary reports, a breakdown per security, per clearing system
  • Payment reports, a breakdown of security or cash splits upon expiration of the offer
  • Reports are easily adaptable and can be tailored to suit each client’s needs
Infrastructure
Deutsche Bank has developed robust solutions for receiving investor instructions either SWIFT or other electronic methods, via the clearing systems. Our tender and exchange platform provides straight through-processing which supports high volumes of instructions across multiple securities and markets. It automatically reconciles the flow of information and limits manual intervention.

Features

Core services
  • Tender agent
  • Exchange agent
  • Consent solicitation agent
  • Reverse or modified Dutch auction agent
  • Tabulation agent
  • Settlement agent or distribution agent
Local market capabilities
Deutsche Bank provides exchange and restructuring services across multiple clearing systems globally, including:
  • International - Euroclear & Clearstream
  • U.S.- DTCC
  • Austria - OeKB
  • Euronext Euroclear France, Belgium & Netherlands
  • Germany - Clearstream AG
  • Hong Kong - CMU
  • Italy- Monte Titoli
  • Portugal - Interbolsa
  • Singapore - CDP
  • Spain-  Iberclear
  • Switzerland - SIS Clear

Global recognition

  • 10

    Legal Times Best of 2018 Top 3

    • Attorney Escrow Service, Deutsche Bank
  • Global-Corporate-Trust-Services-povider-2018_Logo.jpg

    Infrastructure Investor Awards 2017

    • Global Corporate Trust Services Provider of the year

    (Eight consecutive years)

  • 10

    Top Three Best Attorney Escrow Services

    Four consecutive years
    New York Law Journal Reader Rankings, 2016

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