Nippon Credit Bank has tied up with Bankers Trust to securitize troubled assets and help handle foreign operations.

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The U.S. Person owns more than 50% of the present beneficial interest in assets or income of a trust, and the trust owns the foreign financial account.

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Stated otherwise, if an FAPT fails for some technical reason under domestic law, that does not ipso facto result in creditors getting access to the trust assets to the contrary, those assets will still be protected by the foreign law.

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