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A Bank Trust Account Agreement is a fundamental document in Philippine banking and trust services, used when establishing a fiduciary relationship between a licensed banking institution and its clients. This agreement is essential for both individual and corporate clients seeking professional management of their assets through a trust arrangement. The document must comply with the General Banking Law of 2000 and various BSP regulations governing trust operations in the Philippines. It outlines the complete framework for the trust relationship, including asset management parameters, investment policies, fees, reporting requirements, and risk disclosures. The agreement is particularly important as it provides legal protection for all parties while ensuring regulatory compliance with Philippine banking and trust laws. It serves as the primary reference document for the ongoing trust relationship and is required for any bank offering trust services in the Philippines.

1. Parties: Identification of the Trust Institution (Bank) and the Trustor/Client

2. Background: Context of the trust arrangement and purpose of the agreement

3. Definitions: Definitions of key terms used throughout the agreement

4. Appointment of Trustee: Formal appointment of the bank as trustee and acceptance of the appointment

5. Trust Property: Description and details of assets being placed in trust

6. Powers and Duties of Trustee: Comprehensive list of trustee's authorities and responsibilities

7. Rights and Obligations of Trustor: Trustor's responsibilities, rights, and obligations under the agreement

8. Investment Powers and Guidelines: Parameters for investment decisions and permitted investment types

9. Fees and Expenses: Trust fees, charges, and expense allocation

10. Reporting and Accounting: Requirements for periodic reports, statements, and accounting to trustor

11. Risk Disclosure: Mandatory risk disclaimers and investment risk warnings

12. Amendments: Process for modifying the agreement

13. Termination: Conditions and procedures for terminating the trust relationship

14. Governing Law and Jurisdiction: Specification of Philippine law governance and jurisdiction

15. Signatures: Execution block for all parties