Financial matters

The loan agreement provides a legal contract between the borrower and the bank. It spells out in detail the terms of the loan. This normally specifies the amount(s) to be drawn down, the interest rate that will be charged and sets out a schedule of the dates when interest payments and principal repayments are due. [...]

The trust business covers a wide range of activities and the degree to which banks provide trust services varies significantly between countries. They both compete with and cooperate with legal firms in some of these areas. In many of these areas they have specific fiduciary responsibilities that may be laid out by law or established [...]