Trustee bank

A trustee bank is the bank designated by the Board of Directors to manage the Credit Surety Fund (CSF). Such bank must be authorized by the Bangko Sentral ng Pilipinas (BSP) to engage in trust and other fiduciary business under Republic Act No. 8791, otherwise known as “The General Banking Law of 2000”. The implementing rules and regulations shall also provide additional eligibility requirements for trustee banks. (Sec. 4(t), R.A. No. 10744)