Risici og indtjeningsmidler forbundet med ejerskabet forbliver hos beneficienten, hvor: a) beneficienten påtager sig kreditrisikoen for lånet, dvs. »trustee« er kun ansvarlig for den administrative forvaltning af lånet, eller b) beneficientens investering er garanteret mod tab, ifald »trustee« går i likvidation, dvs. forvaltningslånet indgår ikke i de af »trustees« aktiver, som kan udloddes i tilfælde af konkurs.
The risks and rewards of ownership remain with the beneficiary where: (a) the beneficiary assumes the credit risk of the loan, i.e. the trustee is responsible only for the administrative management of the loan; or (b) the beneficiary’s investment is guaranteed against loss, should the trustee go into liquidation, i.e. the trust loan is not part of the assets of the trustee that can be distributed in the event of bankruptcy