Traditional Culture Encyclopedia - Traditional virtues - What is trust business?
What is trust business?
Trust business refers to the business that the trust department of a commercial bank accepts the entrustment of customers to operate, manage or handle monetary funds or other property instead of the entrusting unit or individual, and collects handling fees from it.
Trust business is an economic behavior based on credit entrustment and has certain economic purposes. That is, the department (or individual) in charge of funds (or property) entrusts the trust institution to operate or manage on its behalf, and the trust institution abides by the agreed conditions and scope, manages its funds or property and returns it on time. Because trust business is to manage or handle assets on behalf of others, trust institutions must have credibility and sufficient funds. Trust business includes commercial trust, civil trust, public trust and other fields. In the international financial trust business, it is urgent to handle financial services other than deposits, loans and remittances of general commercial banks. With the economic progress of various countries, the market situation is becoming more and more complicated, and the trust business that customers entrust banks to use funds and property or invest in securities, stocks and real estate is increasing day by day. Domestic trust business is a business that can be operated by financial trust and investment enterprises approved by the central bank, including four types of trust business: fund trust, movable property trust, real estate trust and other property trust.
Classification of trust business: according to the way of establishing trust relationship: arbitrary trust and legal trust;
According to the nature of trust property: monetary trust, chattel trust, real estate trust, securities trust and monetary creditor's rights trust;
According to the purpose of trust: guarantee trust, management trust, handling trust, management trust and handling trust;
According to the legal position of trust matters: civil trust and commercial trust;
Divide trusts from the perspective of principals: personal trusts (living trusts, resignation trusts) and corporate trusts;
According to the trustee's purpose of undertaking trust business, it is divided into operating trust and non-operating trust;
The division of sexual procrastination from the perspective of beneficiaries: self-interest trust, other-interest trust, self-interest trust and public trust;
According to the geographical division of trust: international trust and domestic trust;
According to the business scope: trust in a broad sense and trust in a narrow sense;
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