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The Security Trust Deed is a crucial document in complex financing transactions where multiple lenders or bondholders need to share security interests effectively. Under Swiss law, while domestic trust law doesn't exist, trusts are recognized through the Hague Convention on the Law Applicable to Trusts. This document establishes a trust structure over security interests, appointing a security trustee to hold and manage security for the benefit of multiple secured parties. The Security Trust Deed is particularly valuable in syndicated lending, bond issuances, and other multi-creditor scenarios, providing a streamlined mechanism for security management and enforcement. It details the trustee's powers, duties, and limitations, the secured assets' scope, enforcement procedures, and the beneficiaries' rights, while ensuring compliance with Swiss legal requirements and international banking practices.

1. Parties: Identification of the Security Trustee, Security Provider(s), and Beneficiaries

2. Background: Context of the security arrangement, reference to underlying obligations and purpose of the trust

3. Definitions and Interpretation: Definitions of key terms and interpretation rules

4. Declaration of Trust: Formal creation of trust over the security assets

5. Security Assets: Detailed description and scope of the assets subject to the security trust

6. Secured Obligations: Definition and scope of the obligations secured by the trust arrangement

7. Powers and Duties of Security Trustee: Detailed provisions regarding trustee's authority, responsibilities, and limitations

8. Security Trust Administration: Operational aspects of managing the security trust

9. Enforcement: Circumstances and procedures for enforcing security interests

10. Priority and Subordination: Ranking of security interests and relationship with other creditors

11. Representations and Warranties: Standard declarations by the parties

12. Liability and Indemnification: Provisions regarding trustee liability and indemnification

13. Changes to Parties: Procedures for trustee resignation, removal, and appointment of successor

14. Costs and Expenses: Allocation of costs related to the trust arrangement

15. Notices: Communication procedures between parties

16. Governing Law and Jurisdiction: Confirmation of Swiss law application and jurisdiction

17. Miscellaneous: Standard boilerplate provisions