What Is an Income Trust?

Trust income refers to the inflow of economic benefits from trust business.

Trust income

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Trust income refers to the inflow of economic benefits from trust business.

Chinese name

Trust income

Definition

The trust income distribution standard and distribution plan are calculated and formulated by the trust company in accordance with the terms of the "Trust Contract", and the custodian has the right to review. Specifically, the trust company is responsible for calculating the trust income and issuing the trust income payment form in accordance with the terms of the "Trust Contract", and sending it to the custodian before the trust income distribution date, and the custodian shall timely review the relevant contents of the trust income payment form. After the two parties checked the Yuan error, the trust company faxed the transfer instruction to pay the trust income to the custodian, and the custodian reviewed and confirmed the fund transfer according to the transfer instruction. After the occurrence of the termination of the trust plan, the trust company shall realise the relevant trust property in accordance with the provisions of the "Trust Contract" and issue a liquidation report to the custodian within a certain period of time after the occurrence of the termination of the trust plan. The relevant contents of the custody part shall be reviewed and written opinions shall be issued to the trust company. After receiving the written confirmation from the custodian, the trust company shall send a clearing and transfer instruction to Party B, and Party B shall verify the transfer of funds, and notify Party A of the transfer in writing ^[1] .