This reference work for the corporate trust industry has been updated to reflect recent practices and processes in financial service institutions, including the emerging trends in both trustee and related agency activities and responsibilities. The book analyzes the responsibilities of the indenture trustee in connection with debt-financing instruments issued by both corporate and municipal entities, the administration of the indenture contract or other agreements under which the securities are issued, and the procedures and processes incidental to the servicing of the debt securities. This edition significantly expands the coverage of municipal bonds and trusts, collateral mortgage- and asset-backed financings, litigation and discovery, regulation, secondary market disclosure and risk management. It also includes: new topics, such as project finance, global financing, Rule 144A private placements, and regulation and legislation; a new chapter on the acquisition or divestiture of a corporate trust business; discussion of management, including planning, training and development, performance and evaluation; the complete text of the Trust Indenture Act of 1939, as amended; useful forms and sample documents; and an extensive glossary of securities industry terms. The book is required reading for the Institute of Certified Bankers Corporate Trust Certification examination and should be useful to bankers, attorneys, underwriters, finance officers, staff members of government regulatory agencies and securities industry participants.