Examples of Pooled trust in a sentence
Pooled trust accounts are deposit accounts held in the name of a trustee on behalf of clients, such as a real estate agent’s trust account.COVERED AMOUNTA DGS usually has a limit to the amount that is guaranteed, per depositor per bank.
Pooled trust precedents in SSITMS must contain the following information:• A copy of the master trust agreement;• A sample of a joinder agreement;• A copy of the RCC evaluation of the pooled trust; and• A precedent summary sheet containing the following information:a.
Select all that apply Pooled trust account Separate interest bearing trust accountEstate and Power of Attorney trust account Other – please describe.
Pooled trust preferred securities represent beneficial interests in securitized financial assets that the Company analyzes within the scope of FASB ASC 320, Investments—Debt and Equity Securities and are evaluated quarterly for other-than-temporary-impairment (“OTTI”).
Regulatory bodies Pooled trust plans offered by trust companies are subject to the ex-post supervision of the CBRC, while limited partnerships investing in public securities and derivatives must register with and be subject to the supervision of the CSRC.