North Carolina Trust Agreement Nike Securities, L.P., The Chase Manhattan Bank, BISYS Fund Services Ohio, Inc. and First Trust Advisors, L.P.

• Category: Corporations - Public - Agreements - Trusts
• State: Multi-State
• Control #: US-EG-9036
• Format: Word; Rich Text

Description

Trust Agreement btwn Nike Securities, L.P., The Chase Manhattan Bank, BISYS Fund Services Ohio, Inc. and First Trust Advisors, L.P. dated Dec. 30, 1999. 29 pages A North Carolina Trust Agreement is a legal document that establishes a trust and outlines the rights and obligations of the parties involved. In this case, the trust agreement involves Nike Securities, L.P., The Chase Manhattan Bank, BASIS Fund Services Ohio, Inc., and First Trust Advisors, L.P., as key parties. Each of these entities plays a distinct role in the trust agreement, which I will explain below. Nike Securities, L.P.: As one of the involved parties, Nike Securities, L.P. could be the trust settler or the beneficiary. The trust settler, in this context, would be the entity responsible for creating the trust and transferring assets into it. On the other hand, if Nike Securities, L.P. is mentioned as the beneficiary, it means the trust is being established for their benefit, and they would receive the trust's income or assets. The Chase Manhattan Bank: In the trust agreement, The Chase Manhattan Bank likely acts as the trustee. The trustee holds legal ownership of the trust's assets and manages them in accordance with the terms outlined in the trust agreement. They have a fiduciary duty to act in the best interest of the trust's beneficiaries, which may include Nike Securities, L.P. BASIS Fund Services Ohio, Inc.: BASIS Fund Services Ohio, Inc. could serve as the trust's administrator. An administrator performs various administrative duties, such as record-keeping, accounting, and reporting, to ensure compliance with regulatory requirements and the trust's terms. Their role is essential in maintaining accurate and transparent records for all trust-related transactions. First Trust Advisors, L.P.: First Trust Advisors, L.P. might function as the investment advisor to the trust. An investment advisor has the responsibility of managing and making investment decisions regarding the trust's assets. They are knowledgeable in various investment strategies and aim to optimize the trust's returns while aligning with the objectives set in the trust agreement. The North Carolina Trust Agreement involving Nike Securities, L.P., The Chase Manhattan Bank, BASIS Fund Services Ohio, Inc., and First Trust Advisors, L.P. demonstrates a collaborative effort between the settler, trustee, administrator, and investment advisor. Through this agreement, Nike Securities, L.P. entrusts its assets to The Chase Manhattan Bank, who manages the investments with guidance from First Trust Advisors, L.P. The operations and administration of the trust are handled by BASIS Fund Services Ohio, Inc. This comprehensive arrangement ensures the effective management, growth, and protection of the trust's assets, catering to the specific needs and goals outlined in the North Carolina Trust Agreement.

A North Carolina Trust Agreement is a legal document that establishes a trust and outlines the rights and obligations of the parties involved. In this case, the trust agreement involves Nike Securities, L.P., The Chase Manhattan Bank, BASIS Fund Services Ohio, Inc., and First Trust Advisors, L.P., as key parties. Each of these entities plays a distinct role in the trust agreement, which I will explain below. Nike Securities, L.P.: As one of the involved parties, Nike Securities, L.P. could be the trust settler or the beneficiary. The trust settler, in this context, would be the entity responsible for creating the trust and transferring assets into it. On the other hand, if Nike Securities, L.P. is mentioned as the beneficiary, it means the trust is being established for their benefit, and they would receive the trust's income or assets. The Chase Manhattan Bank: In the trust agreement, The Chase Manhattan Bank likely acts as the trustee. The trustee holds legal ownership of the trust's assets and manages them in accordance with the terms outlined in the trust agreement. They have a fiduciary duty to act in the best interest of the trust's beneficiaries, which may include Nike Securities, L.P. BASIS Fund Services Ohio, Inc.: BASIS Fund Services Ohio, Inc. could serve as the trust's administrator. An administrator performs various administrative duties, such as record-keeping, accounting, and reporting, to ensure compliance with regulatory requirements and the trust's terms. Their role is essential in maintaining accurate and transparent records for all trust-related transactions. First Trust Advisors, L.P.: First Trust Advisors, L.P. might function as the investment advisor to the trust. An investment advisor has the responsibility of managing and making investment decisions regarding the trust's assets. They are knowledgeable in various investment strategies and aim to optimize the trust's returns while aligning with the objectives set in the trust agreement. The North Carolina Trust Agreement involving Nike Securities, L.P., The Chase Manhattan Bank, BASIS Fund Services Ohio, Inc., and First Trust Advisors, L.P. demonstrates a collaborative effort between the settler, trustee, administrator, and investment advisor. Through this agreement, Nike Securities, L.P. entrusts its assets to The Chase Manhattan Bank, who manages the investments with guidance from First Trust Advisors, L.P. The operations and administration of the trust are handled by BASIS Fund Services Ohio, Inc. This comprehensive arrangement ensures the effective management, growth, and protection of the trust's assets, catering to the specific needs and goals outlined in the North Carolina Trust Agreement.