This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these template messages)
The examples and perspective in this article deal primarily with the United States and do not represent a worldwide view of the subject. You may improve this article, discuss the issue on the talk page, or create a new article, as appropriate.(June 2014) (Learn how and when to remove this message)
This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. Find sources: "Corporate trust" – news · newspapers · books · scholar · JSTOR(June 2014) (Learn how and when to remove this message)
(Learn how and when to remove this message)
In the most basic sense of the term, a corporate trust is a trust created by a corporation.[1]
The term in the United States is most often used to describe the business activities of many financial services companies and banks that act in a fiduciary capacity for investors in a particular security (i.e. stock investors or bond investors). For example, instead of borrowing funds from a bank, a company might borrow funds from the general public in the form of a bond. When a bank lends money to a company, it may often inspect the company's financial statements to ensure that the company follows the rules (known as covenants) of the loan agreement, and may also attempt to negotiate a settlement if the company has problems and stops repaying its loan.
In the situation of a public bond issuance (the company borrowing from anyone in the general public who chooses to lend the funds), there would be no one clear person who would be capable to monitor the loans on their own, and the investors would find it difficult to agree and communicate their agreement to the company to settle any problems with the loan repayments. Therefore, they agree as a condition of their bond borrowing to appoint a financial institution, known as a "corporate trustee", to be the responsible party for monitoring compliance with the loan terms, acting in interests of the general public who have purchased the bond. Another aspect of this service, which is often performed by a different party, is the distribution of the repayment from the company to the bondholders, this function is known as a "paying agent". In fact, modern bonds often appoint many different financial institutions to have special roles, based on their area of expertise (such as corporate trustee with an expertise in bankruptcy who is only called in if the company stops paying back the bond). Financial institutions receive fees for their services.
Large corporate trust providers in the U.S. include Zions Bank, BOK Financial Corporation, U.S. Bank, Citi, Computershare, Deutsche Bank, The Bank of New York Mellon, One Investment Group and BNP Paribas Securities Services [1].
^"Corporate Trust". WebFinance. January 1, 2007. Retrieved 2007-03-10.
In the most basic sense of the term, a corporatetrust is a trust created by a corporation. The term in the United States is most often used to describe...
held in trust (for tax purposes) until used to buy replacement land. Trust companies may also perform corporatetrust services. Corporatetrust services...
Computershare Limited is an Australian stock transfer company that provides corporatetrust, stock transfer, and employee share plan services in many countries...
devices. The reasoning for zero trust is that the traditional approach – trusting users and devices within a notional "corporate perimeter", or users and devices...
is the common name for a corporatetrust in the petroleum industry that existed from 1882 to 1911. The origins of the trust lay in the operations of the...
Bank of Utah is a federally-insured community bank, with corporate headquarters in Ogden, Utah. It is a member of the Utah Bankers Association (UBA),...
other assets for another person. One party, for example, a corporatetrust company or the trust department of a bank, acts in a fiduciary capacity to another...
its corporatetrust business to U.S. Bancorp for $725 million. Also in 2003, State Street sold its private asset management business to U.S. Trust. In...
bank's most direct corporate parent was established in 1891 in Atlanta, where it was headquartered. As of September 2016, SunTrust Bank operated 1,400...
Piercing the corporate veil or lifting the corporate veil is a legal decision to treat the rights or duties of a corporation as the rights or liabilities...
were created by, and taken from, former Panamanian offshore law firm and corporate service provider Mossack Fonseca, and compiled with similar leaks into...
self-administered REIT, adopted the name Corporate Office Properties Trust. Corporate Office Properties Trust, became a public company on April 23, 1998...
litigation by two major corporate clients against Bankers Trust shed light on the market for over-the-counter derivatives. Bankers Trust employees were found...
considered a popular team-building exercise in corporate training events. There are many variants of the trust fall. In one type, the group stands in a circle...
shareholders, while Dodd argued that powers of directors were simply held on trust. Corporate social responsibility was defined by Sheehy as "international private...
Estera was a global provider of corporate, trust, fund and accounting services. The company was created following a management buyout of the fiduciary...
assets under administration. In August 2003, U.S. Bancorp acquired corporatetrust business of State Street for $725 million. In October 2004, Citi acquired...
Standard Oil, avoided the corporate model for this reason (as a trust). State governments began to adopt more permissive corporate laws from the early 19th...
This system, similar to real estate investment trusts, effectively avoids the double taxation of corporate income. Texas oilman T. Boone Pickens is often...
A corporate group, company group or business group, also formally known as a group of companies, is a collection of parent and subsidiary corporations...
In 1994, Scotiabank acquired Montreal Trust. The stock transfer and corporatetrust businesses of Montreal Trust were acquired by Computershare in 2000...
for them to re-vested on the voting trusts with identical terms. Voting trusts were made popular in Delaware corporate law, but they have since been adopted...
banking and regional middle-market businesses for J.P. Morgan Chase's corporatetrust assets. The deal signaled the bank's exit from retail banking. Mellon...
corporate identity or corporate image is the manner in which a corporation, firm or business enterprise presents itself to the public. The corporate identity...
Global Information
