Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Which of the following statements is least likely correct regarding the trustee of a bond indenture?

A. It is appointed by the issuer, but acts in the fiduciary capacity with the bondholders.

B. In the event of default, the discretionary powers of the trustee decrease considerably..

C. The trustee can bring legal action against the issuer on behalf of thebondholders.

Accounting Cash Flow Forecasting Financial Reporting Financial Systems Finance
user-image
Question added by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies
Date Posted: 2015/07/11
Upvote (3) Views (2) Followers (4) Answers (3) Report Question
Write an Answer
Register now or log in to answer.
Shahbaz Hayder
by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Option B is the right answer.

Shazia Anees
by Shazia Anees , Assistant Manager Finance , Arham Trading Company

B. In the event of default, the discretionary powers of the trustee decrease considerably.

Zehab Osman
by Zehab Osman , Accountant , Aldar Consultancy Co.

B--------------------------------------------------

Write Your Answer
More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.

Get Help