Comprehensive services for your exchange-traded products

Technology

ETP managers value the critical impact of our technology on their investments. Access an automated platform that leverages data to help improve product development, implementation support and ongoing guidance.

Our technology platform is completely integrated, combining the unique advantages of each of the core systems. At the heart of our ETF data strategy is the following:

  • The ETF Management Tool - a bespoke application to facilitate the coordination of portfolio data across all platforms and index providers to deliver custom PCFs and baskets to APs and portfolio managers.
  • The ICE ETF Hub - a front end, order entry system that seamlessly connects advisors, authorized participants, and other service providers with unique functionality for order entry and custom basket negotiation on all order types.
  • Industry leading fund accounting and transfer agency systems that underpin and manage the data flow from order entry right through to NAV calculation and share issue through our Common Depository.

All delivered as part of a global operating model that leverages the full power of our EU and U.S. based ETF support teams.

Core Services

Benefit from our strong network of custody professionals who deliver accuracy and transparency for your assets across hundreds of markets.

  • Fund accounting services
  • Fund administration services
  • Regulatory administration services
  • Tax services
  • Transfer agent
  • Depositary services
  • Common Depository services
  • EU and Global Settlement via ICSD
  • FX Services

Custody Services

Benefit from our strong network of custody professionals who deliver accuracy and transparency for your assets.

  • Transfer coordination
  • Depository and non-depository services
  • Vault support
  • Fund trading, transfer, income and settlement
  • DTC daily settlement
  • Fed settlement
  • EU/Global settlement

Multiple Series Trust Services

In an increasingly complex compliance and governance landscape, we can offer you infrastructure that will increase your efficiencies, reduce your costs, and help you get to market quicker. Multiple Series Trusts can be an efficient way to operate an ETF where we do the heavy lifting, and you manage and gather assets.

  • Legal and operational oversight
  • Guidance with regulatory and implementation issues
  • Drafting fund registration materials
  • Established operating model

Regulatory Services

Our dedicated team of professionals provides critical ETP regulatory information, risk-mitigating disclosure and compliance services to help meet the requirements of investment managers.

  • Portfolio compliance monitoring
  • Preparation of policies and procedures
  • Guidance on regulatory developments
  • Fund launch and start-up services support
  • European AIFMD and regulatory reporting solutions
  • Full management company support

From our leader

“Building on a decade of ETF experience in the U.S., we’re continuing to expand our offering – from launching a robust European ETF solution and supporting secondary market settlement with our integrated common depository, to being the first provider to deploy ICE ETF Hub in the EU.”

 

Dylan Curley
Global Head of Business Development
U.S. Bank Global Fund Services

What's driving demand in the ETP space?

Recent industry and regulatory developments have expanded the types of ETPs that issuers can bring to market and streamlined the process for launching new funds. New products include non-transparent and semi-transparent ETFs that do not have to disclose their holdings on a daily basis, leveraged, inverse, and inverse-leveraged funds, and cryptocurrency related products. Our professionals can guide you through the benefits, risks and strategies surrounding these and other ETFs.

Strategies and insights from our thought leadership

Rethinking European ETFs: Strategy wrappers and a means to an end

As central banks move to combat inflation, a long era of low interest rates that helped drive ETF growth in Europe and the U.S. may be finally coming to a close.

Read more

What are exchange-traded funds?

Take a look at the benefits of ETFs and the key participants needed for the exchange process.

Read more

Understand the role of authorized participants in exchange-traded funds

Learn more about the role authorized participants (APs) play and how they facilitate ETF creation and redemption.

Read more

Global custody and fund administration services

Alternative investments

Exchange-traded products

Mutual fund services

Investment advisor services

Start of disclosure content
Disclosures

Investment and insurance products and services including annuities are:
Not a deposit ● Not FDIC insured ● May lose value ● Not bank guaranteed ● Not insured by any federal government agency.

U.S. Bank does not guarantee products, services or performance of its affiliates and third-party providers.

U.S. Bank Global Fund Services is not a chartered bank, trust company or depository institution and is not authorized to accept deposits or trust accounts. U.S. Bank Global Fund Services is a wholly owned subsidiary of U.S. Bank, N. A. Custody, lending, treasury and banking services are offered by U.S. Bank, N.A.

U.S. Bank’s Securities Lending Program is administered by U.S. Bancorp Asset Management, Inc. U.S. Bancorp Asset Management, Inc. is a registered investment advisor and subsidiary of U.S. Bank National Association. U.S. Bank National Association is a separate entity and wholly owned subsidiary of U.S. Bancorp and does not guarantee the products, services or performance of U.S. Bancorp Asset Management, Inc.

U.S. Bank Global Fund Services (Ireland) Limited is registered in Ireland, Company Number 413707. Registered Office at 24 - 26 City Quay, Dublin 2, Ireland. Directors: Eimear Cowhey, Ken Somerville, Brett Meili (USA), James Hutterer (USA), Hosni Shadid (USA). U.S. Bank Global Fund Services (Ireland) Limited is regulated by the Central Bank of Ireland.

U.S. Bank Global Fund Services (Guernsey) Limited is licensed under the Protection of Investors (Bailiwick of Guernsey) Law, 2020, as amended, by the Guernsey Financial Services Commission to conduct controlled investment business in the Bailiwick of Guernsey.

U.S. Bank Global Fund Services (Luxembourg) S.a.r.l. is registered in Luxembourg with RCS number B238278 and Registered Office: Floor 3, K2 Ballade, 4, rue Albert Borschette, L-1246 Luxembourg. U.S. Bank Global Fund Services (Luxembourg) S.a.r.l. is authorised and regulated by the Commission de Surveillance du Secteur Financier.

Elavon Financial Services DAC Luxembourg Branch (trading as U.S. Bank Depositary Services Luxembourg) is registered in Luxembourg with RCS number B244276 and Registered Office: Floor 3, K2 Ballade, 4, rue Albert Borschette, L-1246 Luxembourg, regulated and authorised by the Central Bank of Ireland (CBI) as well as by the Commission de Surveillance du Secteur Financier (CSSF). Details about the extent of our authorisation and regulation by the CBI and the CSSF are available from us on request.

Elavon Financial Services DAC, trading as U.S. Bank Depositary Services, is regulated by the Central Bank of Ireland and is registered in Ireland with the Companies Registration Office Reg. No. 418442. The registered office is Block F1, Cherrywood Business Park, Loughlinstown, Dublin 18, Ireland D18 W2X7.