Master Trust

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Master Trust

A trust into which a large number of investors deposit money. The investors then allow the trustee to invest the money on their behalf and keep the profits. A master trust is useful because the larger number of securities in the investors' combined funds can entitle them to discounts or other preferential treatment. An example of a master trust is a unit investment trust, which is an unmanaged portfolio the investor may buy.
References in periodicals archive ?
One drawback to master trusts is that they can be difficult to establish in other countries.
As with a master trust, audit and actuarial costs should be lower when you have only one plan and therefore one fund.
Master trusts separate back-office services for pension funds from investment services for the funds to create unified trustee accounts for custody, settlement, receipt of interest and dividend payments, foreign exchange risk management and other administrative functions.
The five owners of the Master Trust Bank of Japan initially planned to set up a new unit for master trust services.
credit card master trusts," said Darryl Osojnak, Senior Director, Fitch Ratings.
The new report discusses the varying methods credit card master trusts use to allocate finance charge collections, outlining socialist, nonsocialist, and semisocialist structures.
Monthly chargeoffs showed a widespread increase with 68% of master trusts reporting higher versus lower chargeoffs as companies like Citibank, Discover and Providian reported the largest month-to-month increases.
Results for the March 2002 collection period already show MBNA's master trust chargeoffs at 6.
Issuers who regularly add accounts to their master trusts provide an increasing portfolio balance on which charged-off account percentages are based.
Moody's confirmed the Aaa ratings on all senior classes and A2 ratings on all subordinated classes issued from Banc One Credit Card Master Trust.
The ratings in the following master trusts are also affirmed:
Additionally, Fitch has placed the following master trusts on Rating Watch Positive: