Sterling Trust Company also offers paying agent, registrar, and exchange agent services where an independent third party is needed to efficiently and accurately process disbursements of principal, interest, or other payments, exchanges, or to maintain accurate investor records in accordance to the terms of the contract.

As a paying agent, Sterling Trust will:

• Receive and deposit cash in an FDIC-insured money market account
• Disburse funds via check or bank wire
• Maintain accurate payment or exchange records
• Receive and process required exchange transmittal documents
• Distribute new instruments
• File timely tax reports as needed

Examples:

• Corporations involved in reorganizations, acquisitions, or buyouts
• Investment issuers that pay out periodic interest/earnings or principal to its investors
• Companies that issue refund payments
• Law firms disbursing class actions proceeds

Features:

• Automated check production system
• Experienced staff
• Periodic statements of account transaction activity
• Flexibility to customize our duties to accommodate your needs 
• Periodic reports of account activity

Advantages:

• Ensures that needs of issuers and investors are serviced professionally and efficiently
• Relieves the issuer of some time-consuming investor relations duties
• Ability to handle and process documentation with accuracy
• Allows key players of the transactions to concentrate on the financial and managerial aspects of the deal