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 ?
PQM Ready enables employers to identify high quality Master Trusts when choosing a solution for their employees.
Global Banking News-January 15, 2018--Aviva names new investment specialist to its Master Trust Board
Under these plans, consumer savings will be more secure with master trusts being required to meet strict criteria on all aspects of operations and governance.
The Bill will require master trusts to meet stricter operating rules.
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.
One drawback to master trusts is that they can be difficult to establish in other countries.
The Rating Watch Positive designation for the master trusts reflects positive movement in credit enhancement as capacity to issue additional debt has not been used.
This adds to LifeSight s other master trust accreditation, the PQM READY assurance, making it one of the few master trusts to have achieved both.
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.
Issuers who regularly add accounts to their master trusts provide an increasing portfolio balance on which charged-off account percentages are based.