The Texas Reference Trust Agreement between Prudential Securities Incorporated and The Chase Manhattan Bank is a legally binding document that outlines the terms and conditions pertaining to the reference trust relationship between these two financial institutions. In this agreement, Prudential Securities Incorporated serves as the reference trust bank, while The Chase Manhattan Bank acts as the trustee. The purpose of this agreement is to establish a framework for the reference trust arrangement, through which Prudential Securities Incorporated will engage in securities lending transactions with the trustee. This agreement typically encompasses various key aspects, including: 1. Parties involved: The agreement clearly identifies Prudential Securities Incorporated and The Chase Manhattan Bank as the principal parties entering into the reference trust arrangement. It also outlines the roles and responsibilities of each party to ensure transparency and compliance. 2. Reference trust structure: The agreement details the organizational structure of the reference trust, defining the hierarchy, divisions of authority, and the specific duties and powers of the trustee and reference trust bank. 3. Securities lending transactions: The agreement outlines the terms and conditions under which Prudential Securities Incorporated will engage in securities lending activities with The Chase Manhattan Bank as the trustee. It covers aspects such as the types of securities that can be lent, the duration of the lending period, and the terms of lateralization. 4. Custody and safekeeping of securities: The agreement establishes the procedures and standards for the safe custody and holding of securities involved in the reference trust. It defines the obligations of the trustee to ensure the proper storage and protection of the securities. 5. Reporting and record keeping: The reference trust agreement includes provisions for regular reporting and record keeping obligations. Both parties are typically required to provide periodic statements, transaction records, and other relevant documents to ensure transparency and compliance with regulatory requirements. 6. Indemnity and liability: The agreement addresses issues of indemnity and liability, specifying the rights and obligations of each party in the event of a breach of the agreement or any losses incurred during the reference trust activities. It's worth noting that, as in any legal agreement, the specific terms and conditions may vary based on the intended scope and objectives of the reference trust relationship between Prudential Securities Incorporated and The Chase Manhattan Bank. Though there may not be different types of Texas Reference Trust Agreements between these specific entities, variations in the terms, provisions, and specific reference trust activities could potentially result in the creation of different versions or variations of the agreement.
Texas Reference Trust Agreement between Prudential Securities Incorporated and The Chase Manhattan Bank
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How to fill out Texas Reference Trust Agreement Between Prudential Securities Incorporated And The Chase Manhattan Bank?
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