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Latest Updates for Document Review and DTC Developments for Corporate Trustees

Aired: Thursday, April 25, 2019

2.0 CCTS

There is nothing more important to corporate trustees than the trust documents by which we live in administering our accounts and fulfilling our responsibilities to our issuers and bondholders. As a result, corporate trustees cannot review the key document trends and language issues too many times. Our panel examines the important key issues for document language facing the industry today.

Document Review Updates

  • Holding trust assets and collateral document issues and protections needed
  • Trojan horse document language to avoid
  • Beware of ancillary documents becoming gifts not to our liking
  • LIBOR document language update

 DTC Updates

  • New DTC initiatives
  • Notice posting LENS update
  • Global note status
  • Swing letter requirements per SEC Rule 17Ad-16


  • Jeffrey J. Powell, CCTS, President, Corporate Trust Insights LLC (moderator)
  • Yesenia D. Batista, Partner, Thompson Hine
  • Leon M. King, Director, Sales and Solution Delivery, Depository Trust and Clearing Corporation

 Continuing Education Credits


ABA Professional Certifications has approved this program for 2.0 CCTS continuing education credits for the live program and the recording.

CPE logoRecordings are not eligible for CPE credits.

American Bankers Association is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

​Program Questions? Please contact Linda Shepard / Cari Hearn.




  • Corporate Trustees (Municipal and Structured Finance)
  • Corporate Trust Risk Managers
  • Trust Operations Managers and Administrators
  • In-house and Outside Counsel
  • Regulatory Officials
  • Corporate Trust Auditors
  • Bond Counsel
  • Financial Advisors and Issuers
  • Trust Risk Advisors
  • Trust Department Managers
  • CCTSs, CPAs

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