Common use of Management and use of entrusted property Clause in Contracts

Management and use of entrusted property. 1. The Mandatory does not have discretion over the use of entrusted properties. This discretion shall be exercised by the Principal. The Mandatory will act on the Principal's instructions and transact with counterparties on behalf of the Principal using the Mandatory's name. This trust arrangement has been categorized as a special-purpose money trust.