Program Description:
Trust Operations is a comprehensive introduction to
the organizational operations of the trust industry.
This course, revised in 2005, describes the products
and services associated with the operations of a trust
institution, how those products and services are
managed, and how trust operations professionals can provide effective service to their associates and
customers, both current and potential.
After successfully completing this course, the student will be able to:
- Trace the historical development of the trust
business; define the elements of a trust; analyze
personal trust and agency business; contrast the
basic employee benefit plans; and describe trust
institution organization
- Compare stock to preferred stock; understand
fixed-income bond investments; define cash
equivalents; and describe investment management
companies
- Explore the primary and secondary securities
markets; identify how securities are classified and
analyzed
- Explain how depositories function and how trust
organizations use them
- Explain what is involved in establishing an account
and explore the internal reporting
- Identify basic trust accounting functions; compare
various accounting activities to an individual
account level; and describe accounting activities on
a fund level
- Define the basic internal and external controls
instituted by trust organizations
- Describe the accounting functions associated with
securities transactions
- Describe cash management; identify cash
transactions in trust accounts; and explain how
collective fund accounting is accomplished
- Define the terminology associated with record
keeping, and identify the various records and files
maintained by trust organizations
- Contrast state and national (federal) regulatory
jurisdiction; and explain the rating systems used in
the examinations of trust organizations.
Who Should Attend:
Entry-level trust personnel (personal, corporate,
employee benefits) at both the officer and non-officer
level.
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