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| Investment Management Accounts
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| A trust account wherein the Bank’s Trust Department acts in a
representative capacity to handle and manage investible funds of individuals or
corporate entities primarily for financial return at a specified future time. |
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| Group Investment Plan |
| A common trust fund product
where funds of various investors are pooled together
for investment in a diversified mix of safe and
high yielding fixed income investment instruments
such as loans to prime borrowing accounts, government
securities, and commercial papers. Minimum participation
required is Php50,000. |
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| PBCOM
Dollar Fund |
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| Mortgage Trust Indentures
/ Collateral Trusts |
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| Safekeeping |
| This involves the safekeeping, physical custody and servicing
of assets and securities and delivery of the same to the client
or designated representative. The duty of PBCom as depository of
the client’s assets and properties include the preservation of
the assets held in its custody until such time the depositor
(client) demand delivery of the same as agreed upon by both
parties. |
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| Mortgage Trust Indentures / Collateral Trust |
| PBCom acts as mortgage trustee of a company's properties for the benefit
of the company's creditors. Under this arrangement, the bank
serves as intermediary between a company (as a borrower) and
its creditors and among the creditors themselves, particularly
in the preservation of the mortgaged properties and the monitoring
of the required collateral cover. |
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| Unit Investment Trust Funds
(UITFs) |
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| Employee Benefit Trust |
An arrangement whereby an employer puts up a trust fund to provide for
the payment of retirement benefits to its employees in accordance
with the law. The two types of Employee Benefit Plans are as
follows:
- Staff Provident Fund - a contributory type of plan wherein both the employer and
employee contribute periodically to the fund.
- Retirement/Pension Fund - a non-contributory type of plan wherein the employees do not contribute
any amount to the fund. The corporation or employer provides
the necessary funding based on the recommended annual outlay by
an independent actuary.
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| Corporate/Institutional
Trust |
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| Escrow Agency |
| An escrow is an arrangement wherein two or more persons and/or corporations
deposit money, securities, instruments or certain properties
with a third party called the escrow agent to be delivered upon
a certain contingency or happening of an event. PBCom, as escrow
agent, acts as an impartial depository to protect the interest
of parties to the Escrow Agreement. |
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| Custodianship |
| This involves the safekeeping, physical custody and servicing of assets and securities
and delivery of the same to the client or designated representative. The
duty of PBCom as custodian of the client's assets includes the
preservation of the assets held in its custody. For securities,
the Bank shall preserve the value of securities through the
collection of cash and stock dividends and the registration and
notification of events affecting the value of the securities,
among other things. At all times, the owner of the property and
securities retains full control over the assets. |
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| Estate Planning |
- Forward Trust Account
This is a Peso denominated personal trust account, which is an integral part of an Estate Plan created by the owner/grantor (Trustor). The fund is maintained by the Trust Group who, being the Trustee, is empowered to invest and reinvest the money(ies) in various fixed income instruments.
- Master Trust Account
This is a special 5-year tax-free individual trust account primarily established for the investment and reinvestment of the funds to mostly fixed income securities and other high yielding investment instruments providing fixed determinable income.
- Classic Trust Account
This is a US Dollar denominated personal trust account, which is an integral part of an Estate Plan created by the owner/grantor (Trustor). The fund is maintained by the Trust Group who, being the Trustee, is empowered to invest and reinvest the money(ies) in various fixed income instruments.
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