Wednesday, December 27, 2006

Structure of an investment trust

A beneficiary, consigner, three people of a trustee become the person concerned basically.
A beneficiary is an investor.
I acquire a right to be treated to distribution of profit from trust estate by purchasing it indirectly through a brokerage firm whether a beneficiary purchases a beneficiary certificate from consigner directly or act for sale.
Consigner is Investment Trust Management company or an adviser investment company in business. Consigner publishes a beneficiary certificate and directs a trustee about use of trust estate.
A trustee is a trust bank in business.
A trustee performs safekeeping of trust estate, management and invests it in the stock market based on a direction of consigner.
Therefore, responsibility for a beneficiary is not due even if operative gain does not rise.
It is brokerage firms financial institution mainly that become a sale window for a beneficiary. When I collect the purchase price and the buying fee for a beneficiary, and a financial institution returns the price at the time of the cancellation of a contract again, and a dividend occurred, I carry a duty to pay the dividend on my back.

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