Paying Agency

 

Ensure that your company’s processing and distribution of dividends declared or interest due are done accurately by appointing an agent to disburse and deliver these to shareholders or bondholders/creditors.
 

Client Suitability

This service is suitable for companies engaged in the issuance of the following to a group of lenders/investors or to the public:
    - Common Shares through Initial Price Offering
    - Preferred Shares
    - Promissory Notes
    - Corporate Bonds
 

Service Features

BDO Trust will act as an independent party of the issuer to protect the interests of equity investors or note/bond holders, handle pay out of dividends on publicly listed shares and distribute regular interest payments and principal redemptions for debt issuances.
 

Benefits to Clients

Appointing a Paying Agent benefits both the issuer and the share holders/notes holders since an objective and independent party will be handling and monitoring the payment and disbursement of dividends/interests. The Paying Agent will ensure preparation and delivery of dividend/interest checks to various holders of the shares/bonds. Moreover, it will also be convenient for the issuer because it need not deal directly with all the shareholders/noteholders but with a single Paying Agent instead

  • Dividend and/or Interest Paying Agency Agreement
  • Notarized Secretary's Certificate on the Board Resolution of the corporation a) appointing BDO Trust and Investments Group as Paying Agent and b) designating the authorized signatories therefor;
  • Certified true copy of Certificate of Filing of Articles of Incorporation and By-laws issued by the Securities and Exchange Commission with the Articles and By-laws annexed certified true by SEC or the Corporation's Corporate Secretary;
  • List of the directors/officers and list of stockholders holding more than 2% stockholdings of the Corporation;
  • Two (2) Specimen Signature Cards and Customer Account Records (to be provided by BDO-Trust) duly signed/accomplished by the authorized signatory/ies of the Corporation and duly authenticated by the Corporation's Corporate Secretary;
  • Photocopies: Picture and signature pages of acceptable identification cards (passports, driver's license, SSS, TIN etc.) of the signatories of the Corporation; and
  • Other documents as required under the Dividend and/or Interest Paying Agency Agreement.

 

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