TRUST SERVICES

In line with the bank's thrust to promote financial and other services, we are pleased to offer PHILTRUSTBANK's line of Trust products and services:

• Living Trust Account (LTA)

A trust agreement between Trust Department and the trustor during his lifetime, with the purpose of providing for the financial need of himself and his/her designated beneficiaries.

• Life Insurance Trust

PTC shall handle the filing of insurance claims, management of the life insurance proceeds and disbursements of the funds based on the client's wishes as indicated in the dispositive provisions of the Trust Agreement. This could be either revocable or irrevocable trust.

• Testamentary Trust

A trust agreement created by will to take effect upon the death of the trustor. It involves the management of properties and/or funds upon death of testator, pending full distribution to beneficiaries subject to conditions set forth in the trust.

• Administratorship

A trust agreement for the administration of properties or funds under property administration agreement or under orders of court of competent jurisdiction to manage and distribute the estate of decease person without will.

• Guardianship

A trust agreement whereby PTC is appointed by court of competent jurisdiction to manage the properties or funds of a minor, an incompetent or incapacitated person.

• Directional Investment Management Account (DIMA)

The DIMA is an Agency Arrangement and as such, the investor shall retain legal title to funds at all times. This type of investment management service is available to individuals and corporate accounts with the primary objective of wealth build up or wealth accumulation.

The Trust Department acts as investment/portfolio manager with primary intention of capital preservation, income generation and growth. Types of investments are bank deposits, government securities, corporate bonds, equities, Unit Investment Trust Funds (UITF) and mutual funds, other alternative investments which are prudently assessed and evaluated to balance safety, liquidity and profitability, according to investors' requirements and risk appetite.

In line with the bank's thrust to promote financial and other services, we are pleased to offer Philtrust Bank's line of trust products and services:

• Escrow Agency

The Bank thru the Trust Department as an Escrow Agent acts as third and impartial party to intervene or to hold in escrow contracts involving money, securities, property titles or documents in order to secure faithful compliance by either or both parties with the terms of the contract.

• Buy and Sell Escrow
• BIR Capital Gains Tax
• POEA Escrow
• Private Placements/Subscription
• Contractor's Retention on Construction

• Employee Benefit or Retirement Plan

PTC manages the retirement fund of the company for the purpose of providing compensation package/benefits for its retired or separated employees. The

Employee Retirement Plan can be any of the following:

• Pension Fund - A retirement plan where only the employer is required to contribute to the Fund and the benefits to be received by employees are defined.
• Provident Fund - A benefit plan where both the company and their employees make fixed contributions. The fund accumulated together with the accumulated income thereof is eventually distributed to qualified separated or retired employees

• Pre-Need Plans

Trusteed arrangement with a corporate-trustor which operates pre-need plans and are required by government regulatory agencies to maintain trust accounts for such activities.

• Custodial Services

PHILTRUST BANK takes care of safekeeping the client's investments in stocks and other marketable securities, and releases the same upon specific written instruction from the client. It will takes care other ministerial functions such as collection of dividend and interest, subscription to stock rights, conversion of securities and others, on behalf of the client.

• Stock and Transfer Agency

An agency agreement involves the issuance of original certificate of stocks of a company, keeping in custody of unissued certificates, replacement of lost or destroyed certificates and bookkeeping of stocks.

• Other Information

Trust products and services are made available through the opening of a Directional Living Trust, Directional Trust, or Directional Investment Management Account.

The trust funds set up by individuals and corporate accounts are invested in accordance with client's instruction in investment outlets.

Trust accounts are not covered by the Philippine Deposit Insurance Corporation (PDIC) and losses, if any, shall be exclusively for the account of the trustor and/or beneficiaries unless directly caused by gross negligence of the Trustee. Certain placements/investments may be covered by PDIC (i.e. term and regular deposits only).

The Trust Agreement does not guarantee a yield, return or income from any investment made by or on behalf of the Trustee. Past performance of the account or any of its placements is not a guaranty of future performance and the income, if any, of investments may fluctuate depending on prevailing market conditions.

Corporate account is a juridical entity such as but not limited to corporations, institutions, organizations or incorporated funds (e.g. employee benefit accounts, pre-need accounts and other institutional trust accounts, etc.).