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Is a trust company a corporation?

A trust company is a corporation that acts as a fiduciary, trustee or agent of trusts and agencies. A professional trust company may be independently owned or owned by, for example, a bank or a law firm, and which specializes in being a trustee of various kinds of trusts.

What is a trust Philippines?

A trust is a fiduciary relationship with respect to property which involves the existence of equitable duties imposed upon the holder of the title to the property to deal with it for the benefit of another.

How is a trust company different than a bank?

The term bank usually refers to those institutions dealing strictly with deposits, and loans. A trust company is a corporate trustee that can be tied or not tied to a bank and just offers trustee services.

What type of bank is philtrust bank?

Philtrust Bank, formally known as the Philippine Trust Company, is one of the oldest private universal banks in the Philippines.Philtrust Bank. TypePublicHeadquartersManila, Philippines13 more rows

What is the purpose of a corporate trust?

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.

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