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Association of Bonded Travel Organisers Trust (ABTOT)
Introduction
ABTOT has introduced an enhanced ATOL Franchise scheme, allowing members and potential members the option of a hybrid solution combining Trust/Escrow and bonds.
This approach mirrors the CAA Trust Deed and CAA Escrow Deed but with ABTOT as the beneficiary.
PTT has chosen to collaborate with ABTOT to manage such arrangements which are aimed at redefining industry standards and building on a robust partnership.
ABTOT is an Approved Body, appointed by the UK Government Department for Business and Trade. Over 300 Members, both ATOL and non-ATOL PTR2018, are ABTOT financially protected.
Every Member benefits from ABTOT’s straightforward and cost-effective approach to Insolvency protection, which offers insurance backed travel bonds, an easy to manage financial failure insurance and hybrid bond solutions with PTT.
Why Partner with PTT
PTT’s bespoke software system provides leading edge and AI enabled tailored solutions that manage client data at a granular level, minimising client’s workload, whilst assessing and reporting risk to clients and stakeholders.
With a proven track record and experienced Trust professionals, PTT currently manages over £5bn per annum of Trust Funds for nearly 100 clients.
- PTT’s unrivalled knowledge and experience of the complexities of the Travel industry and Travel Trusts enables it to guide clients through the practical aspects of operating Trusts and assist them to comply with their Regulatory and Business obligations.
- PTT is independent and provides trustworthy, seamless and effective Trustee and Escrow services. We provide in depth advice and ensure the highest quality protection for Consumer Funds.
Benefits of an ABTOT/PTT Hybrid Solution
How It Works
