Montana Reference Trust Agreement is a legally binding contract executed between Prudential Securities Incorporated and The Chase Manhattan Bank. This agreement serves as a reference benchmark for various financial transactions and is designed to facilitate efficient and transparent dealings between the two entities. Here is a detailed description of the Montana Reference Trust Agreement: Keywords: Montana Reference Trust Agreement, Prudential Securities Incorporated, The Chase Manhattan Bank, financial transactions, benchmark, efficient, transparent. 1. Overview: The Montana Reference Trust Agreement is a comprehensive agreement that defines the terms and conditions under which Prudential Securities Incorporated and The Chase Manhattan Bank engage in financial transactions. 2. Parties Involved: The agreement is between two prominent financial institutions, Prudential Securities Incorporated and The Chase Manhattan Bank. Prudential Securities Incorporated acts as the trust or, while The Chase Manhattan Bank serves as the trustee. 3. Trust Purpose: The primary purpose of the Montana Reference Trust Agreement is to establish a benchmark or reference point for various financial transactions conducted between the parties involved. 4. Financial Benchmark: The agreement outlines the specific benchmarks and indices agreed upon by both institutions, which are used as reference points to determine pricing, interest rates, or other financial terms related to the transactions. 5. Transaction Types: The Montana Reference Trust Agreement covers a wide range of financial transactions such as loans, mortgage-backed securities, bonds, derivatives, and other complex financial instruments. 6. Transparency and Efficiency: This agreement ensures transparency and fairness in financial transactions by establishing a clear framework that both parties adhere to. It promotes efficient collaboration and minimizes potential disputes through standardized procedures and benchmarking. 7. Trustee Responsibilities: The Chase Manhattan Bank, as the trustee, is responsible for accurately calculating, verifying, and reporting the benchmark values referenced in the agreement. They must conduct these tasks impartially and diligently. 8. Trust or Responsibilities: Prudential Securities Incorporated, as the trust or, ensures the accuracy and integrity of the transaction-related information provided to the trustee. They must also adhere to the terms and conditions outlined in the agreement. Different Types of Montana Reference Trust Agreements: 1. Montana Reference Trust Agreement for Mortgage-Backed Securities: This specific agreement refers to the benchmarking of mortgage-backed securities, providing a standardized framework for pricing and interest rate determination. 2. Montana Reference Trust Agreement for Derivatives: This agreement focuses on benchmarking derivatives, thereby establishing a common reference point to evaluate the performance and pricing of complex financial instruments. 3. Montana Reference Trust Agreement for Bonds: This type of agreement is specific to bond transactions and sets benchmarks for pricing, interest rates, and other terms related to bond offerings. 4. Montana Reference Trust Agreement for Loans: This agreement pertains to loans and defines the benchmark rates used for interest calculations, repayment terms, and other aspects related to loan agreements. In conclusion, the Montana Reference Trust Agreement between Prudential Securities Incorporated and The Chase Manhattan Bank is a crucial contract that sets benchmarks for various financial transactions. It ensures transparency, efficiency, and fairness in dealings between the two institutions. Different types of Montana Reference Trust Agreements exist depending on the specific financial instruments involved, such as mortgage-backed securities, derivatives, bonds, and loans.