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Our breadth of experience means that we are well placed to provide trust consultancy to all businesses about how best to structure travel trust financial protection right from the start.
Getting it right from the start means less wasted time and cost later.
Our trust fund managers aim to work with you from the moment you begin to consider a trust account as an option for financially protecting your sales. We will identify the operational, accounting, legal and practical needs of your business so that we can then correctly design and implement a bespoke trust account structure that works to serve your requirements.
Ours is a true full design, implementation and administration service for travel trust accounts. Your contact point will remain consistent throughout the process: from assessment, through set up and training to ‘go live’. And of course, we’ll be sticking with you as we maintain and run the resulting trust.
Below is an overview of the areas our bespoke trust consultancy typically provides:-
Assessment
We will make a thorough assessment of your IT systems, preferences and capabilities before we begin to tailor-make your trust or escrow arrangement by assessing: –
Design
We will work alongside all your stakeholders to design a structure that as closely as possible meets all your commercial and operational requirements: your merchant acquirer, bank, any third-party data manager or processor, foreign exchange facility or payment gateway.
Implementation
As an SRA regulated organisation, we are uniquely qualified to draft trust or escrow deeds to accurately reflect the structure we devise. Having this in-house service enhances the set-up process as it aids quicker and more cost-effective implementation.
We are also able to draft and amend travel commercial contracts (supplier contracts and booking conditions) so that they accurately reflect the workings of the structure we design.
Banking and payment gateways
We have established banking relationships with most high street banks and several
multi-currency virtual bank account providers and payment gateways.
We will work with you to identify the best payment processing fit for you; and engage with them to set up the on and offline banking facilities required to manage your chosen trust structure.
All our banking structures enable account holders to have full visibility of funds moving through bank accounts as well as provide the capability to use reconciliation feeds.
Fraud protection is always high on our list of priorities when it comes to banking services.
All our staff are appraised and receive regular training about current and possible fraud risks and scams.
Serenity Travel Trusts
Suite 2, Realtex House
Leeds Road
Rawdon
Leeds
LS19 6AX
