In order to understand this procedure, below you can find brief details of the parties involved and further terminology.
Fiducia is legal operation whereby one or more settler transferring interests, rights instruments, securities or other property rights or assembly of such rights, present or future, to one or more trustees they perform with a specific purpose in benefit of one or more beneficiaries.
Fiduciary contract parties are the settlor, trustee and beneficiary.
Settler - can be any person or entity.
Trust - only credit institutions, investment companies and investment management companies, investment services, insurance and reinsurance, public notaries, lawyers.
The beneficiary of the trust may be the settlor, trustee or third person.
At the termination of the fiduciary, asset mass transfer from the customer or, in his absence, the settlor.
Fiducia is a complex operation whose cornerstone is the trust between the settlor and the trustee.