Bank trust department

bank trust department
part of a bank engaged in settling estates, administering trusts and guardianships, and performing agency services. As part of its personal trust and estate planning services, it manages investments for large accounts.

Bank Trust Department
Financial & Investment Dictionary:
Bank Trust Department
Home > Library > Business & Finance > Finance and Investment Dictionary ...

BANK TRUST DEPARTMENT - Bank department that deals with estates, administers trusts, and provides servi...
BANK WIRE - A computer message system linking major banks. It is used not for effecting payments, but a...

? Mentioned in
Bank trust department
Certified Financial Planner (TM) - CFP (TM)
Estate Tax
Exemption Trust ...

Bank Trust Department The part of a bank which settles estates, performs agency services, and administers trusts and guardianships. bank-eligible issues U.S. Treasury obligations eligible for immediate purchase by commercial banks,...

Professional responsible for the securities portfolio of an individual or institutional investor, such as a mutual fund, pension fund, profit-sharing plan, bank trust department, or insurance company.

Individual in a brokerage firm, bank trust department, or mutual fund group who researches corporations, industry groups and the market to make buy and sell recommendations on specific securities.

Delivery versus payment: A type of settlement, commonly used by bank trust departments, in which the security is paid for when the broker/dealer has it deliverable in the purchaser's name. Also referred to as DVP or COD.

An organization that invests large amounts of money. Examples are a bank trust department or an insurance company.
Intangibles ...

portfolio manager
One responsible for managing large pools of funds. Portfolio managers may be employed by insurance companies, mutual funds, bank trust departments, pension funds, and other institutional investors.

the cash reserve a bank keeps on hand is only a small fraction of its depoits, a large number of withdrawals in a short period of time can deplete available cash and force the bank to close and possibly go out of business.
Bank trust department ...

Bank trust department Department of a bank that handles estate planning, guardianships and trusts for individuals or families with a high net worth.

See also: Banks, Expense, Funding, Asked price, Short Sale