Difference between revisions of "Municipal Trustee"

Latest revision as of 14:10, 24 April 2024

Definition

A Municipal Trustee is a Financial Institution with trust powers, designated by the issuer or borrower, that acts, pursuant to a bond contract, in a fiduciary capacity for the benefit of the bondholders in enforcing the terms of the bond contract.

In many cases, the trustee also acts as custodian, paying agent, registrar and/or transfer agent for the bonds.

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 == Definition ==
-'''Municipal Trustee'''. Financial institution with trust powers, designated by the issuer or borrower, that acts, pursuant to a bond contract, in a fiduciary capacity for the benefit of the bondholders in enforcing the terms of the bond contract
+A '''Municipal Trustee''' is a [[Financial Institution]] with trust powers, designated by the issuer or borrower, that acts, pursuant to a bond contract, in a fiduciary capacity for the benefit of the bondholders in enforcing the terms of the bond contract.
 In many cases, the trustee also acts as custodian, paying agent, registrar and/or transfer agent for the bonds.
-== Disclaimer ==
-This entry annotates a [https://spec.edmcouncil.org/fibo/ FIBO Ontology Class]. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the [https://opensource.org/licenses/MIT MIT Open Source License]. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
 [[Category:Bonds]]
-{{#set: isDefinedBy | https://spec.edmcouncil.org/fibo/ontology/SEC/Debt/Bonds/index-en.html }}
-__SHOWFACTBOX__