Trustee of debt securities
Up one levelA trustee of debt securities is the person appointed as a trustee in respect of a debt security for the purposes of the Securities Act 1978.
A debt security is an investment where people lend money to, or deposit money with, an institution in exchange for the payment of interest or some other right.
Common debt securities are debentures (where the investment is secured over the assets of the institution), bonds (such as New Zealand Government Stock), and capital notes.
Examples include:
• Trustee corporations
• Trustee companies
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