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Sumitomo Mitsui Trust Bank (U.S.A.) Limited, ("SMTBUSA"), was originally established in 1987 as a New York State chartered   trust and banking company, insured by the Federal Deposit Insurance Corporation. SMTBUSA is a wholly-owned subsidiary of Sumitomo Mitsui Trust Bank, Limited of Japan, which is one of Japan's major trust banks.  In May 2002, SMTBUSA relocated its office to New Jersey and became a New Jersey State chartered trust and banking company, insured by the Federal Deposit Insurance Corporation. SMTBUSA's mission is to provide world-class global custody services and securities lending* services for mainly Japanese institutional investors, their overseas branches and affiliates, and to the financial institutions responsible for their investments.

SMTBUSA began its securities lending services in US fixed income market in 1988 and has since expanded to include non-US fixed income markets, as well as, equity lending in over 20 major markets worldwide. On the global custody services, SMTBUSA has expanded its network to cover more than 90 markets and focuses on providing value-added services both in English and Japanese, which include, but not limited, to corporate action events, newsletters and reporting.

  

* As used throughout this site, the term "securities lending" refers to both securities lending and repurchase transactions.

 

Corporate Name:

  Sumitomo Mitsui Trust Bank (U.S.A.) Limited

 Office Address:

  111 River Street , Hoboken , New Jersey , 07030

 Scope of Business:

  Global Custody, Securities Lending, Corporate Trust and   

  Investment Advisory

 Chairman & President:

  Ryo Azumane

 Date of Registration:

  September 10, 1987

 Capital

  56,000,000 USD

 Credit Ratings:

  Long-term A+(Outlook: Negative), and

  Short-term A-1 by Standard & Poor's Rating Services

 

  A1 long-term issuer ratings (local currency and foreign currency) and 

  stable outlook by Moody's Investors Service


Tokyo office

Sumitomo Mitsui Trust Bank, Ltd.  - Securities Trust Business Department

In December 2012, Securities Trust Business Department established the following two teams to handle global custody services for SMTBUSA's Tokyo office:
These teams provide consulting for custody products/services and handle daily operations-related inquiries during Japanese business hours, delivering speedy, high-quality service in the language of the local market.
 Securities Trust Business Department/Global Custody Services:
             To present and introduce custody products and services
             To provide client support for daily operations

Corporate Name:

  Sumitomo Mitsui Trust Bank, Limited

 URL:

  http://www.smtb.jp

 Office Address:  

  1-4-1, Marunouchi, Chiyoda-ku, Tokyo

 Date of Registration:

  July 28, 1925

 Capital

342.0 Billion JPY

 * As of December 2012, all operations pertaining to global custody services handled by SMTB Global Investor Services Co., Ltd, which had served as the company's Tokyo base since 2006, have been reassigned to SMTB's Securities Trust Business Department.

 

Europe office

Sumitomo Mitsui Trust Bank (Luxembourg) S.A.

Sumitomo Mitsui Trust Bank (Luxembourg) S.A. (SMTBLUX), a 100%-owned subsidiary of Sumitomo Mitsui Trust Bank, Limited, is a sub-custodian of SMTBUSA which operates the settlement business for Euroclear reserve securities and handles clients' inquiries related to global securities transactions for SMTBUSA.

Corporate Name:

  Sumitomo Mitsui Trust Bank (Luxembourg) S.A.

 Office Address:

2, rue Peternelchen, L-2370, Howald, Grand Duchy of Luxembourg

 Representative: 

  Natsuhiko Okumura

 Date of Registration:

  April 22, 1985

 Capital

30,000,000 USD

 

The global presence of 3 offices in Japan, Europe, and USA allows SMTBUSA to respond to client inquiries in a timely and accurate manner. 

 
 

SMTBUSA Anti-Money Laundering Website Statement

 

SMTBUSA is committed to the international fight against money laundering and has implemented a number of anti-money laundering ("AML") policies, procedures and practices. SMTBUSA trains its employees in appropriate compliance practices and controls and strives to enhance its anti-money laundering policies and procedures. Specifically, SMTBUSA:

  • Has established a special committee of the Board of Directors to oversee SMTBUSA's  AML policies, practices and procedures;
     
  • Has established a culture that, with the full commitment and support of senior management, values and rewards the implementation of appropriate controls and compliance procedures;
     
  • Uses independent compliance, audit and legal functions to provide guidance and help evaluate businesses' compliance with applicable AML laws, rules and regulations;
     
  • Has in place appropriate policies, procedures and practices to ensure that the business it conducts on behalf of its customers is proper;
     
  • Has developed and continues to update policies and procedures, and provides appropriate training to its employees;
     
  • Has invested in technology that assists in the monitoring of transactions for the purpose of identifying possible suspicious activity; and
     
  • Recognizes that preventing money laundering and identifying possible terrorist financing activities is an ongoing process that involves constant diligence.

The fight against money laundering is an evolving and never-ending process. SMTBUSA must be able to identify and understand the potential risks of money laundering and implement appropriate processes to prevent such risks from occurring. SMTBUSA must also continually evaluate the strength of its existing policies and procedures and update them, as necessary, to address evolving AML requirements. By updating its policies and procedures, systems and technology and training its employees, SMTBUSA seeks to remain well-equipped to combat money laundering and other financial crimes and assist governments in the war on terrorism. 

Please see Standard AML Questionnaire.

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NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS

 

 

By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.

 

For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit http://www.fdic.gov/deposit/deposits/unlimited/expiration.html

 

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Messages from Human resources

Sumitomo Mitsui Trust Bank (U.S.A.) Limited is a leading world-class custodian bank that offers employees a dynamic, exciting and growth-oriented environment. Please visit our career opportunities site page for current job openings within the bank.

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