NO.PZ2023091701000004
问题如下：
TRSC, a trust company specializing in corporate investments, is brought in as a corporate trustee for a recent bond issue made by Banko, a small investment bank. The newly hired CFO of Banko is reviewing the roles of TRSC specified in the indenture for the bond issue. Which of the following statements is correct?
选项：
A.TRSC must monitor Banko’s financial situation to foresee any covenant breaches.
B.When deemed necessary, TRSC should take action beyond the terms of the indenture in order to protect bondholders.
C.TRSC must take action according to the terms of the indenture whenever it is requested by bondholders.
D.TRSC is paid by Banko to represent the interests of the bondholders.
解释：
D is correct. The trustee is paid by the debt issuer, not by bond holders or their representatives.
A is incorrect. Trustees are not always required to take actions to monitor indenture covenant compliance. Sometimes, the indenture states that the trustee can rely on the issuer and the issuer’s attorneys for information on whether some covenants are being adhered to. In such cases, the trustee is not required to conduct its own investigations.
B is incorrect. Trustees are under no obligation to exceed those duties assigned to them by the indenture.
C is incorrect. While a trustee’s role is to look after the interest of the bondholders, it does this through its specific duties as itemized in the bond indenture. A trustee does not act at a bondholder’s direction.
b是对的
换这题a差不多的意思又不对了
而且d选项，trustee 有 present interest的职责吗
