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1. Parties: Identification of the trustee and the party responsible for paying the fees (typically the trust, settlor, or beneficiaries)
2. Background: Context of the trust arrangement and the need for trustee services
3. Definitions: Key terms used throughout the agreement including 'Trust Property', 'Services', 'Fee Period', and 'Extraordinary Services'
4. Appointment and Scope: Confirmation of trustee appointment and detailed description of trustee services covered by the fee arrangement
5. Fee Structure: Detailed breakdown of regular trustee fees, calculation methods, and payment terms
6. Payment Terms: Timing of payments, invoicing procedures, and payment methods
7. Extraordinary Services and Additional Fees: Definition and treatment of services beyond regular trustee duties
8. Expenses and Disbursements: Treatment of out-of-pocket expenses and third-party costs
9. Fee Review and Adjustment: Mechanism for periodic review and adjustment of fees
10. Termination: Circumstances and procedures for terminating the fee agreement
11. Governing Law and Jurisdiction: Specification of Hong Kong law as governing law and jurisdiction for disputes
1. Value-Based Fee Calculations: Include when fees are calculated as a percentage of trust assets
2. Performance Fees: Include when additional fees are tied to investment performance or other metrics
3. Multiple Trustee Provisions: Include when there are co-trustees and fee splitting arrangements
4. Foreign Currency Provisions: Include when trust assets or fee payments involve multiple currencies
5. Tax Provisions: Include when specific tax treatments of fees need to be addressed
6. Confidentiality: Include when specific confidentiality requirements beyond standard trustee duties are needed
7. Force Majeure: Include when specific provisions for extraordinary events affecting fee arrangements are needed
1. Schedule 1 - Fee Schedule: Detailed breakdown of all fee components, rates, and calculation methods
2. Schedule 2 - Regular Trustee Services: Comprehensive list of services covered under the regular fee arrangement
3. Schedule 3 - Extraordinary Services: List of services considered extraordinary and their associated fee basis
4. Schedule 4 - Expense Categories: Classification of different types of expenses and their treatment
5. Appendix A - Fee Calculation Examples: Illustrative examples of how fees are calculated in various scenarios
6. Appendix B - Service Level Standards: Performance standards and service levels linked to fee arrangements
Trust
Trust Deed
Trust Property
Trustee Services
Regular Services
Extraordinary Services
Fee Period
Base Fee
Ad Valorem Fee
Additional Fees
Extraordinary Fees
Effective Date
Fee Review Date
Trust Value
Working Day
Business Hours
Proper Instructions
Authorized Person
Service Level Standards
Disbursements
Payment Date
Invoice
Fee Schedule
Termination Date
Force Majeure Event
Related Parties
Governing Law
Confidential Information
Excluded Services
Trust Administration
Professional Services
Regulatory Requirements
Performance Standards
Material Change
Fee Calculation Period
Trust Committee
Investment Manager
Third Party Costs
Associate
Services
Fees and Charges
Payment Terms
Expenses and Disbursements
Performance Standards
Reporting
Fee Review
Extraordinary Services
Currency and Exchange
Tax
Confidentiality
Data Protection
Force Majeure
Termination
Amendment
Assignment
Severability
Notices
Entire Agreement
Counterparts
Waiver
Third Party Rights
Dispute Resolution
Governing Law and Jurisdiction
Indemnification
Service Levels
Record Keeping
Regulatory Compliance
Anti-Money Laundering
Financial Services
Wealth Management
Private Banking
Trust Services
Corporate Services
Family Office Services
Asset Management
Estate Planning
Pension Fund Management
Investment Services
Legal
Compliance
Trust Administration
Finance
Risk Management
Operations
Client Services
Corporate Services
Wealth Management
Private Client Services
Trust Officer
Trust Administrator
Compliance Officer
Legal Counsel
Trust Manager
Relationship Manager
Financial Controller
Trust Accountant
Company Secretary
Risk Manager
Trust Operations Manager
Private Client Manager
Senior Trust Officer
Managing Director - Trust Services
Head of Trust Administration
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