Virgin Islands 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 Title: Understanding the Virgin Islands Trust Agreement in relation to Nike Securities, L.P., The Chase Manhattan Bank, BASIS Fund Services Ohio, Inc., and First Trust Advisors, L.P. Introduction: The Virgin Islands Trust Agreement serves as a legal document that establishes the terms and conditions between multiple parties, including Nike Securities, L.P., The Chase Manhattan Bank, BASIS Fund Services Ohio, Inc., and First Trust Advisors, L.P. This comprehensive description will provide an in-depth understanding of the various types and components of this agreement, highlighting the roles played by each entity involved. 1. Overview of the Virgin Islands Trust Agreement: The Virgin Islands Trust Agreement is a legally binding contract that outlines the rights, responsibilities, and obligations of the parties involved. It governs the relationship between Nike Securities, L.P., The Chase Manhattan Bank, BASIS Fund Services Ohio, Inc., and First Trust Advisors, L.P. 2. Nike Securities, L.P.: Nike Securities, L.P. is a prominent financial institution involved in various investment activities. Within the Virgin Islands Trust Agreement, Nike Securities, L.P. acts as a trustee, responsible for administering and managing the trust assets on behalf of the beneficiaries. 3. The Chase Manhattan Bank: The Chase Manhattan Bank, a renowned financial institution, is also an integral party within the Virgin Islands Trust Agreement. It serves as a custodian, holding and safeguarding the assets within the trust, ensuring proper record-keeping, and executing transactions as required. 4. BASIS Fund Services Ohio, Inc.: BASIS Fund Services Ohio, Inc. is another key entity associated with the Virgin Islands Trust Agreement. They provide fund administration services, including accounting, reporting, compliance, and financial oversight to assist in the efficient management of the trust. 5. First Trust Advisors, L.P.: First Trust Advisors, L.P. is a trusted entity within the Virgin Islands Trust Agreement, primarily serving as an investment advisor. They provide strategic guidance and expertise in the selection and management of investment options that align with the trust's objectives. Types of Virgin Islands Trust Agreements: 1. Discretionary Trust Agreement: Under this type of agreement, Nike Securities, L.P. holds discretionary power to manage the trust assets. Beneficiaries entrust investment decision-making authority to the trustee, allowing them to make informed investment choices without consulting them for every transaction. 2. Revocable Trust Agreement: This agreement allows flexibility for the trust settler (creator of the trust) to modify, amend, or revoke the trust during their lifetime. Nike Securities, L.P., The Chase Manhattan Bank, BASIS Fund Services Ohio, Inc., and First Trust Advisors, L.P. work together to ensure proper execution of any changes made. 3. Irrevocable Trust Agreement: In this type of agreement, once the trust is established, it cannot be modified or revoked without the consent of all parties involved. Nike Securities, L.P., The Chase Manhattan Bank, BASIS Fund Services Ohio, Inc., and First Trust Advisors, L.P. work diligently to adhere to the terms outlined within the agreement. Conclusion: The Virgin Islands Trust Agreement involving Nike Securities, L.P., The Chase Manhattan Bank, BASIS Fund Services Ohio, Inc., and First Trust Advisors, L.P. encompasses various roles, responsibilities, and types of trust agreements. This arrangement ensures the effective management, administration, and investment of trust assets, aligning with the objectives set forth in the agreement.

Title: Understanding the Virgin Islands Trust Agreement in relation to Nike Securities, L.P., The Chase Manhattan Bank, BASIS Fund Services Ohio, Inc., and First Trust Advisors, L.P. Introduction: The Virgin Islands Trust Agreement serves as a legal document that establishes the terms and conditions between multiple parties, including Nike Securities, L.P., The Chase Manhattan Bank, BASIS Fund Services Ohio, Inc., and First Trust Advisors, L.P. This comprehensive description will provide an in-depth understanding of the various types and components of this agreement, highlighting the roles played by each entity involved. 1. Overview of the Virgin Islands Trust Agreement: The Virgin Islands Trust Agreement is a legally binding contract that outlines the rights, responsibilities, and obligations of the parties involved. It governs the relationship between Nike Securities, L.P., The Chase Manhattan Bank, BASIS Fund Services Ohio, Inc., and First Trust Advisors, L.P. 2. Nike Securities, L.P.: Nike Securities, L.P. is a prominent financial institution involved in various investment activities. Within the Virgin Islands Trust Agreement, Nike Securities, L.P. acts as a trustee, responsible for administering and managing the trust assets on behalf of the beneficiaries. 3. The Chase Manhattan Bank: The Chase Manhattan Bank, a renowned financial institution, is also an integral party within the Virgin Islands Trust Agreement. It serves as a custodian, holding and safeguarding the assets within the trust, ensuring proper record-keeping, and executing transactions as required. 4. BASIS Fund Services Ohio, Inc.: BASIS Fund Services Ohio, Inc. is another key entity associated with the Virgin Islands Trust Agreement. They provide fund administration services, including accounting, reporting, compliance, and financial oversight to assist in the efficient management of the trust. 5. First Trust Advisors, L.P.: First Trust Advisors, L.P. is a trusted entity within the Virgin Islands Trust Agreement, primarily serving as an investment advisor. They provide strategic guidance and expertise in the selection and management of investment options that align with the trust's objectives. Types of Virgin Islands Trust Agreements: 1. Discretionary Trust Agreement: Under this type of agreement, Nike Securities, L.P. holds discretionary power to manage the trust assets. Beneficiaries entrust investment decision-making authority to the trustee, allowing them to make informed investment choices without consulting them for every transaction. 2. Revocable Trust Agreement: This agreement allows flexibility for the trust settler (creator of the trust) to modify, amend, or revoke the trust during their lifetime. Nike Securities, L.P., The Chase Manhattan Bank, BASIS Fund Services Ohio, Inc., and First Trust Advisors, L.P. work together to ensure proper execution of any changes made. 3. Irrevocable Trust Agreement: In this type of agreement, once the trust is established, it cannot be modified or revoked without the consent of all parties involved. Nike Securities, L.P., The Chase Manhattan Bank, BASIS Fund Services Ohio, Inc., and First Trust Advisors, L.P. work diligently to adhere to the terms outlined within the agreement. Conclusion: The Virgin Islands Trust Agreement involving Nike Securities, L.P., The Chase Manhattan Bank, BASIS Fund Services Ohio, Inc., and First Trust Advisors, L.P. encompasses various roles, responsibilities, and types of trust agreements. This arrangement ensures the effective management, administration, and investment of trust assets, aligning with the objectives set forth in the agreement.