Corporate trust services can provide assistance with both the issuance and administration of corporate debt. Corporate trusts might distribute the interest payments from the corporation to the bondholders and ensure that the issuer is adhering to the covenants of the bond agreement.
Hereof, what is a corporate trustee?
A corporate trustee is a bank trust department or trust. company. Its employees can help you build, manage and protect your wealth when you put your assets in a trust.
Secondly, what is a Trust Corporation UK?
Trust corporations are businesses or individual professionals that undertake the administration of trusts and estates and also have the power to act as Court of Protection deputy and attorney. In order to become a trust corporation, businesses must be a registered constituency under UK or European Commission law.
What is a state chartered trust company?
A limited purpose trust company is a trust company that has been chartered by the state to perform specific trust functions. These functions can include acting as a depositor or safekeeper for securities or mortgages. The Participants Trust Company is an example of a mortgage depositor trust.
Is trust a body corporate?
But a trust is not a legal entity in the eye of law as it has no lawful authority of incorporation. Trust may apply only for a specific function. As such a Trust under the Indian Trusts Act, 1882 cannot be a 'Body Corporate' under the Companies Act, 1956.