Covenant Trustee Services

Covenant Trustee Services is a New Zealand trust company offering escrow for M&A, project finance, private equity, capital markets, liquidations and court settlements. Assets are held until the transaction is finally completed, and the company states that the service is available in most currencies.

Services Four escrow services are listed: M&A escrow, project finance escrow, capital markets escrow and settlement escrow. In each, a neutral trustee holds the assets and releases them according to the agreed conditions, which lowers counterparty risk in complex transactions where one side must pay before the other performs.

Location and market The office is on Queen Street in Auckland, and the market is New Zealand. The service itself is described as multi-currency.

Terms to clarify Licensing details, fees, account structure and onboarding requirements are not given in the profile. For cross-border deals the choice of currency and the governing law of the escrow agreement should be settled with the company in advance.