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Maximize the earnings potential of your dollar funds through our US Dollar-denominated Trust Account. Investing has been made easy and convenient for you. You can choose from among many investment outlets offered daily. Investments can be in the form of government securities, prime loan papers or time deposits providing you flexibility and competitive returns in managing your dollar investment funds.
Client Suitability
The US Dollar Trust Account is best suited for corporations and institutions with US Dollar funds for investment and would want to gain access to international investing. They may not have the time to manage their own funds or have limited investment options known to them.
Product Features
| Currency: | US Dollars (US$) |
| Minimum Amount: | US$ 20,000.00 |
| Minimum Additional: | US$ 20,000.00 |
| Maintaining Balance: | US$ 20,000.00 |
| Term of Investment/s: | Based on term of the investment outlet/underlying security |
| Fee Rate: | 0.25% p.a. (based on gross interest rate) |
| Eligibility: | Corporations and Institutions, except those specifically disallowed by law |
| Interest Rate: | Prevailing market rate of available investment outlet |
| Trading Period: | 12:00 noon |
| Taxation: | In accordance with the provisions of Republic Act No. 10963, otherwise known as the Tax Reform for Acceleration and Inclusion (TRAIN) Act, effective 1 January 2018, interest income from foreign currency-denominated time deposits are subject to a final tax rate of 15% of such interest income. |
| Allowable Investments: | ROP Bonds, investment-grade corporate bonds, supra-national bonds, US$ time deposits and other fixed income instruments approved by the BSP and the BDO Trust Committee for trust arrangements |
| Withdrawal of Principal | On a per Disclosure Statement basis, subject to prevailing market prices |
Benefits to Client
Professional Fund Management
When you invest with BDO Trust, you benefit from the expertise of seasoned investment professionals, all working together to deliver your investment goals and always keeping in mind your risk profile. These experts have the research capabilities, skills, knowledge, experience, as well as state-of-the-art technology that allow them to decide when and what securities to buy and sell in order to yield the best possible returns for your funds.
Customized Portfolio
With a minimum investment of US$ 20,000.00, our seasoned fund managers can create an investment portfolio of securities fitted to your investment objectives, risk appetite and investment outlook. The end goal is to provide you with superior returns, taking into account your risk-reward profile.
Diversification and Flexibility of Investments
Your funds can be invested in your choice of one or several investment outlets. You also have the option to withdraw the income earned from your investments, regularly or upon your request.
Competitive Returns
You have the discretion to invest your funds in specific instruments giving you more flexibility. Moreover, your funds are not subject to reserve requirements thus allowing full investment of your fund for maximum earnings.
Administrative Ease
BDO Trust provides financial statements, documentation and legal assistance, and representations with government agencies concerned.
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Account Opening Kit
- Customer Account Record – Trust
- Investor Profile Questionnaire (IPQ)
- Client Investment Suitability (CIS)
- Risk Disclosure Statement (RDS)
- Signature Card
- Trust Agreement
- Investment Instruction Letter
- Supplemental Agreement (if any)
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Standard account opening requirements and procedures
- Photocopy of 2 valid IDs
- 2 Sets of Signature cards
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For corporations and institutions:
- Secretary’s Certificate of the Board Resolution on the following: Appointment of BDO as Trustee and Appointment of Authorized Signatories of the Trust Account.
- Photocopy of Articles of Incorporation and By-Laws