TRUST SETTLEMENT SERVICES

Prudential acts as a Private Trustee Company of the Hague Master Trust, a huge, international trust that originated in the Netherlands and holds assets from a number of European and South American grantors. This trust has been involved in international projects, business enterprises and finance for many years. After Nevis restructured its trust laws in 1995, this trust was reconstituted under that Ordinance and Prudential was reorganized to act as a Private Trustee Company under Nevis Law. In this role, Prudential handles all of the normal trustee functions for the Master Trust and is also responsible, under direct written instructions for the settlement of new sub-trusts which may be made available for use in international "offshore strategies."

As Trustee for the Sub-trusts settled under this scheme, Prudential is responsible for discharging the responsibilities of trustee to each new Sub-trust, in accord with the law of Nevis (the country of the trust's domicile), the laws of the Bahamas (the country where the Trustee is located and where administration is executed, the laws of other countries that may be implicated because of their tax, securities or other laws or because real estate or other assets may be situate there, the terms of the deed of trust, and finally the advise and consent of the appointed Protector. This is quite a task and requires constant interaction with law firms, accounting firms, brokerage houses and other professionals. The highly trained staff efficiently handles the thousands of transactions assigned, using the newest technologies, and time tested procedures.

Before any action can be undertaken by the Trustee, the Protector must execute a Protector's Consent form, authorizing the action.