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The newly appointed Chief Financial Officer (CFO) at Banko is scrutinizing the roles and responsibilities delegated to the trustee in relation to the bond issue, as detailed in the bond indenture. Which of the following statements is correct?
A
TRSC must monitor Banko's financial situation to foresee any covenant breaches.
B
When deemed necessary, TRSC should take action beyond the terms of the indenture in order to protect bondholders.
C
TRSC must take action according to the terms of the indenture whenever it is requested by bondholders.
D
TRSC is paid by Banko to represent the interests of the bondholders.
