Agent bank: Difference between revisions
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1. | 1. ''Syndicated borrowings - bonds.'' | ||
A bank which is responsible for the administration (including interest rate fixing) of a syndicated credit or bond issue, and which represents the lenders collectively in any negotiations with the borrower. | A bank which is responsible for the administration (including interest rate fixing) of a syndicated credit or bond issue, and which represents the lenders collectively in any negotiations with the borrower. | ||
2. | Also known as the ''facility agent''. | ||
2. ''Banking - custody.'' | |||
A custody term designating any bank providing custody services on behalf of a custodian for securities traded in the country where the bank is based. | A custody term designating any bank providing custody services on behalf of a custodian for securities traded in the country where the bank is based. | ||
== See also == | == See also == | ||
* [[Agent]] | |||
* [[Bond]] | * [[Bond]] | ||
* [[Bond issue]] | * [[Bond issue]] | ||
* [[Custodian]] | * [[Custodian]] | ||
* [[Custody]] | * [[Custody]] | ||
* [[Impaired agent]] | |||
* [[Reference bank]] | * [[Reference bank]] | ||
* [[Syndicated loan]] | * [[Syndicated loan]] | ||
[[Category:Long_term_funding]] | |||
Latest revision as of 15:07, 3 November 2022
1. Syndicated borrowings - bonds.
A bank which is responsible for the administration (including interest rate fixing) of a syndicated credit or bond issue, and which represents the lenders collectively in any negotiations with the borrower.
Also known as the facility agent.
2. Banking - custody.
A custody term designating any bank providing custody services on behalf of a custodian for securities traded in the country where the bank is based.
