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Validation master plan. From Wikipedia, the free encyclopedia. A Validation Master Plan, also referred to as VMP, outlines the principles involved in the qualification of a facility, defining the areas and systems to be validated, and provides a written program for achieving and maintaining a qualified facility.
A master trust is used as part of a comprehensive asset management scheme for a strategy managed with a master-feeder structure. The master trust is the master fund which collectively invests for all the associated feeder funds. In a master-feeder structure, assets are pooled, managed and transacted from the master trust. BlackRock is one asset manager with an array of master-feeder funds.