Bip Trust? What Is It?

[Barquentine]

Anybody know what a 'BIP' trust is?

[fiction-factory]

I only know this but I assume you're looking for a legal term
http://www.australiacorporates.com/corp/1693924.html

[Barquentine]

Thanks fiction factory - yes and a Google search has not turned up anything - surprisingly. I think the person that used the term may have misspelt it. Not sure.

[Buenchico]

BIP Trust is a registered trademark (of Mitsubishi UFJ Trust and Banking Corporation) defined as "a stock incentive plan reference to the Performance Share system and Restricted Stock system in the U.S., wherein the Company shares that are acquired by the BIP Trust will be delivered to Company Directors, etc., base on the degree of the attainment of business performance goals, etc"
http://www.nikon.com/news/2015/20150520_e.pdf

If it's a typo though, it could mean an IIP Trust:
https://en.wikipedia.org/wiki/Interest_in_possession_trust

[Barquentine]

Thanks Buenchico. That's it - I couldn't recall the IIP - that's what they meant.