Auction Rate Securities
Corporate & Institutional
Trust & Agency
Auction Rate Securities

Auction Rate Securities

Comprehensive and Exceptional Service

In place since 1999 when we entered the auction market, our management team offers expertise and a full-range of services that benefit our clients - we can assist you from the signing of the agreement to the day-to-day administration. As a result, we've grown our auction agent business, not through acquisitions, but through our strong reputation for client service and use of state-of-the-art technology.

We offer the following services:

  • Comprehensive review of Auction Agent and Broker-Dealer Agreements
  • Training and support for
  • Complete transaction set-up, including confirmation of important information before going live
  • One team for daily administration, including:
        •  Auctions
        •  Commission payments
        •  Redemption activity
        •  Bidding rights transfers

We have experience working with the following types of transactions:

  • Traditional tax-exempt/taxable municipal issuances
  • Student loan market issuances
  • Closed-end fund issuances

View the Statement of Material Practices and Procedures as Auction Agent for Auction Rate Securities - PDF Document (198 KB).

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Wilmington Trust is a registered service mark. Wilmington Trust Corporation is a wholly owned subsidiary of M&T Bank Corporation (M&T). Investment management and fiduciary services are provided by Wilmington Trust Company, operating in Delaware only, Wilmington Trust, N.A., a national bank, and M&T Bank. International corporate and institutional services are offered through Wilmington Trust Corporation's international affiliates. Loans, credit cards, retail and business deposits, and other business and personal banking services and products are offered by M&T Bank.

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 Investment and Insurance Products:
  • Are NOT Deposits.  • Are NOT FDIC-Insured.  • Are NOT Insured By Any Federal Government Agency.  • Have NO Bank Guarantee.  • May Go Down In Value.  

Brokerage services and insurance products are offered by M&T Securities, Inc. (member FINRA/SIPC), not by M&T Bank, Wilmington Trust Company, or Wilmington Trust, N.A.

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