题目
A portfolio manager has recently purchased a 10-year investment-grade corporate bond. Which of the following tasks must typically be performed by the corporate trustee listed in the bond’s indenture?
选项
A.Act in a fiduciary capacity for the bond issuer.
B.Ensure that the bond issuer’s reported financial ratios meet the requirements in the indenture.
C.Change the terms of the indenture to provide protection for the bond purchaser.
D.Monitor the bond issuer’s balance sheet to ensure covenant compliance.
答案
B
解析
The corporate trustee is a third party to the contract. The trustee acts in a fiduciary (legal) capacity on behalf of the investors. Acting on behalf of the bondholders, the trustee must ensure that the bond issuer is in compliance with the covenants of the indenture at all times. 受托人监督的是合约履行情况： 即财务信息所体现出的合约履行情况是否真实准确地被执行；受托人是发行人雇佣的，不过他代表的是投资者的利益，帮助投资者监督该项债券投资。简单来说就是，虽然受托人代表投资者利益，但不受投资者影响。