Private Columbarium Trust
According
to the “Financial Mechanism for Protection of Consumer Interests” adopted by Private Columbaria Licensing Board , the
license holder of private columbarium is required to deposit 15% of all fees
related to the sale of the niche interment rights in a dedicated account with a licensed bank in Hong Kong and inject
the money into a trust fund with the wholly-owned subsidiary of the licensed
bank in Hong Kong, if the total balance of the dedicated account reaches a specified
level.
In
accordance with the requirements of the Licensing Board, Bank of Communications
Trustee Limited provides trust fund services for private columbarium, manages
the principal and income of trust fund, and regularly submits reports to the
Licensing Board, to ensure that the trust fund operates legally so as to
protect the long-term interests of consumers.
Why Bank of
Communications Trustee Limited
■ Wholly-owned subsidiary
of Bank of Communications Co., Ltd. with strong background and sound
credibility
■ Professional team with
extensive trust experience, serving our clients for over 40 years
■ Strong understanding of
different client cultural background, provide tailor-made solutions
■ Independent from the
group’s bank service, focus on providing
pure trustee services
For
more detailed information, please contact our trust business team at 2213 7619/2213 7622 or email to trustmktg@bankcomm.com.hk
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