When a client has a debt (it can be a bank or another individual, a lender for example), you can give the Trust Company one or more of the assets you have to support the debt you have. In the event that he can not meet that debt, the Trust Company takes the sale of the goods that the client granted him and with the collected money to pay the debt he had.
The person to whom the money is owed, also known as (creditor), has the peace of mind of having a guarantee from the Trust Company, since the creditor knows that if he fails to fulfill the debt, the Trust Company intervenes to try to pay him your money. But not only the trust in guarantee supports a single creditor, you can also do it with several creditors at the same time, depending on the amount of debts you have as long as the assets that have been delivered to the trust company have a sufficient value to cover all your debts.
The trust in guarantee can be presented in the following ways:
Trustee in guarantee itself: It is the fiduciary business that consists in the irrevocable transfer of the property of one or several by way of mercantile trust or delivery in irrevocable fiduciary order, with the purpose of guaranteeing the fulfillment of the trustor’s own obligations or third parties, in favor of one or more creditors. The guarantee is made in accordance with the instructions contained in the contract, through the sale or auction of the trust assets so that, with its product, or by means of payment, the value of the guaranteed obligation is canceled.
Trust in guarantee and source of payments: It is the fiduciary business that consists of the irrevocable transfer or delivery to a Trust Company of a future flow of resources resulting from a transfer of economic rights in favor of the trustor, which are intended to guarantee the fulfillment of an obligation and attention to the debt resulting from it.
Asset and / or cash trust: It consists of a trust whose objective is to guarantee the fulfillment of obligations that a company (trustor) holds against one or more third parties (trustees). These obligations may include repayment of financing, bond issues, compliance with agreements, among others.
Trust with resources of the Social Security System and other related: It is the fiduciary business that, in general terms, consists of the delivery of sums of money or goods to a Trust Company, transferring or not their property, so that it administers and develops them the management entrusted by the constituent. The following modalities can be given:
Pension liabilities: It is the fiduciary business that consists in the delivery to a fiduciary company of resources for the administration, investment and constitution of reserves and guarantees destined to the attention and / or normalization of pension liabilities, such as the payment of pension payments, quotas pension shares or any other obligation derived from said liabilities.
Voluntary Pension Fund administered by the Trustee, which allows you to save and invest periodically and in a disciplined manner to fulfill your medium and long-term purposes through diversified multi-portfolios according to your risk profile and your profitability expectations. Additionally, it gives you the opportunity to obtain tax benefits.
Social security resources: It is the fiduciary business whose purpose is the delivery to a fiduciary company of resources destined to some operations related to the social security system in the areas of health and professional risks, to be administered by it.
Escrow account also called trust or escrow account or escrow, is a mechanism used in a sale to ensure that the payment reaches the seller and that the good or service does the same with the buyer.
Acquisitions with the adquerecias, the resources coming from the sales made by the company with debit and / or credit cards, enter the Trust to meet the financial obligations with a credit establishment with a financial entity.
Concessions, with this product the client will be able to comply with the requirements demanded by the contracting entity, at the same time as it entrusts functions such as the accounting of project accounts, the realization of payments to suppliers and the administration and investment of resources, thus providing transparency before the Government, investors and financiers.