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Trustees right to be indemnified
Trustees have, however, a right to be indemnified:
1. Out of trust property, for all expenses properly incurred in the execution of the trust e.g. insurance premium paid S.32(2);
2. Against a beneficiary if -
3. For the cost of litigation brought or defended with leave of the court or otherwise properly for the benefit of the estate - the indemnity here comes out of the trust estate.
Below is information about the spot and forward rates for three currencies against the US dollar (USD): Currency (exchange rate) Spot Rate Six-month forward rate Euro (EUR)
what type of control procedures were ignored at daiwa
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