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Which type of account administration includes acting as bond indenture trustee?

a. Collective investment fund services
b. Employee benefit services
c. Personal trust and agency services
d. Corporate trust services

User Jbjon
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1 Answer

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Final answer:

Acting as a bond indenture trustee falls under corporate trust services, where a financial institution represents bondholders' interests and manages issuer compliance and payments.

Step-by-step explanation:

Acting as a bond indenture trustee is part of corporate trust services. This involves a trust company or bank acting as an intermediary between the issuer of a bond and the bondholders. As a trustee, the financial institution has a fiduciary duty to represent the interests of the bondholders, which can include ensuring that the issuers abide by the terms of the bond indenture, managing the payments from issuer to bondholders, and taking action if the issuer defaults.

User Naimdjon
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