The service is designed to provide an independent platform to allow buyers and sellers to avoid protracted negotiations and to streamline the transfer of fund interests.
According to the company, bidding will be conducted electronically through a reverse Dutch auction. This process increases the probability of a successful sale by allocating the seller’s interests to one or more buyers.
DBSI’s role in the process will be that of an independent, neutral agent.
Kevin Weeks, global head of Business Development for Corporate Trust, said they specifically designed dbRemarket to offer their clients a unique alternative to meet their liquidity needs.
"Buyers and sellers now have the opportunity to come together in a well-defined auction process to value and trade assets that is designed to ensure speed and accuracy," Weeks added.
