paying agent
agent, usually a commercial bank, authorized by a securities issuer to make principal payments and periodic interest payments to bondholders. The bank, or banks, acting as paying agent charges a fee for this service.
Paying agent
An agent who makes principal and interest payments to bondholders on behalf of the issuer.
Payment date ...
Paying Agent: The institution responsible for handling payment of principal and interest on registered and bearer bonds. The paying agent is also responsible for reporting certain tax information.
paying agent
An entity responsible for paying bond principal and interest on behalf of the debtor.
payment bond ...
Paying agent
Place where principal and interest are payable. Usually a designated bank or the office of the treasurer of the issuer.
PB ...
Paying Agent (Also Fiscal Agent)
Generally a bank that performs the function of paying interest and principal for the issuing body.
Paying agent
A trader known to HM Revenue & Customs and formally set up on the Customs Handling of Import and Export Freight (CHIEF) system who transmits import or customs warehouse removal declarations to the CHIEF system.
Paying Agent
An agent who accepts payments from the issuer of a security and then distributes the payments to the holders of the security. Also known as a "disbursing agent." ...
paying agent An agent who makes dividend payments to stockholders or principal and interest payments to bondholders.
Such bonds are held in physical form by the owner, who receives interest payments by physically detaching coupons from the bond certificate and delivering them to the paying agent.
GNMA-II Mortgage-backed securities (M.B.S.) on which registered holders receive an aggregate principal and interest payment from a central paying agent on all their certificates.
Deal packages for each debt offering containing copies of the Offering Prospectus, Dealer/Selling Agreement, Program Manual, Issue and Paying Agent Agreement, Deed of Covenant and Indenture Agreement, specimen copies of the temporary, ...
interest payment from a central paying agent on all of their certificates. Principal and interest payments are
disbursed on the 20th day of the month. GNMA-ii MBS are backed by multiple-issuer pools or custom pools ...
a physically detachable coupon, which you are required to present to a paying agent in order to receive the interest payment due. The coupon will state the amount of interest due at each payment date.
Coupon Bond Bond issued with detachable coupons that must be presented to a paying agent or the issuer for semiannual interest payment. These are bearer bonds, so whoever presents the coupon is entitled to the interest.
FISCAL AGENT - Also known as the Paying Agent. The bank, designated by the issuer, to pay interest and...
FISCAL DEFICIT - When the government spends more money than it receives in revenue over the course of o...
(1) A written obligation by the bank, acting as paying agent for a security issue, to deliver the definitive certificates as soon as issued to the subscriber.
(2) A type of Waybill accompanying merchandise shipments.
The person making a payment to a payee.
Paying agent
An agent who makes principal and interest payments to bondholders on behalf of the issuer.
Payment date ...
Bearer bond
Bonds not registered on the books of the issuer. Bearer bonds can be in physical form, with holders receiving interest payments by detaching coupons from the bond certificates and delivering them to the paying agent.
Bonds that are not registered on the books of the issuer. Such bonds are held in physical form by the owner, who receives interest payments by physically detaching coupons from the bond certificate and delivering them to the paying agent.
 See also: Banks, Convertible Bond, Funding, Expense, Values
  
|
RSS
