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Corporate Trust

   Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia, Hutchinson 0.09 sec.
Corporate Trust
The function of servicing and maintaining records for debt securities issued by a corporation.


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BOSTON & NEW YORK -- Deutsche Bank's Global Transaction Banking division today announced the opening of a regional corporate trust office in Boston.
Bank Corporate Trust Services will acquire approximately 2,875 new client issuances and assets under administration of $30 billion represented by principal outstanding.
Redemption payments will be made upon the presentation and surrender of the bonds to the Paying Agent by registered or certified mail at Wells Fargo Bank Minnesota, Corporate Trust Operations, P.
 
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