The Dutch Trust Industry
来源：Facts & Figures


Table of contents
Summary .............................................................................................................................. i
Preface............................................................................................................................... iii
1 Introduction .................................................................................................................1
2 The trust industry in the international financial system............................................. 3
2.1 Trade, transaction costs and trust companies....................................................................3
2.2 Globalization, fragmentation of production and international trade.............................3
2.3 Transaction cost economics..................................................................................................5
2.4 Trust offices and transaction costs ......................................................................................8
3 The trust industry ...................................................................................................... 11
3.1 Regulatory setting .................................................................................................................11
3.2 The trust service value chain...............................................................................................12
3.3 Trust offices..........................................................................................................................13
3.4 Clients and UBOs.................................................................................................................15
3.5 Services rendered ..................................................................................................................16
3.6 Market structure....................................................................................................................19
4 Benefits for the Netherlands......................................................................................27
4.1 Financial revenues ................................................................................................................27
4.2 Employment.........................................................................................................................28
4.3 Spin-off client activities .......................................................................................................29
5 International competition.......................................................................................... 31
5.1 Overview of competing international clusters.................................................................31
5.2 Strengths................................................................................................................................33
5.3 Challenges ..............................................................................................................................35
Appendix A References................................................................................................37
Appendix B Advisory committee and list of interview partners................................... 41
Appendix C Extrapolation technique...........................................................................43
Appendix D Questionnaire...........................................................................................45