Paying agent: Difference between revisions
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imported>Doug Williamson (Identify bonds context.) |
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''Bonds''. | |||
In respect of a bond, an institution, a company or a bank which, on behalf of the issuing company that appoints it, makes interest payments and repayment of the principal upon presentation of coupon and/or bond certificates. | In respect of a bond, an institution, a company or a bank which, on behalf of the issuing company that appoints it, makes interest payments and repayment of the principal upon presentation of coupon and/or bond certificates. | ||
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== See also == | == See also == | ||
* [[An introduction to debt securities]] | |||
* [[Bond]] | * [[Bond]] | ||
* [[Coupon]] | * [[Coupon]] | ||
* [[Interest]] | * [[Interest]] | ||
* [[Principal]] | * [[Principal]] | ||
[[Category:Long_term_funding]] | |||
Revision as of 20:51, 7 October 2018
Bonds.
In respect of a bond, an institution, a company or a bank which, on behalf of the issuing company that appoints it, makes interest payments and repayment of the principal upon presentation of coupon and/or bond certificates.
The term 'paying agent' is usually used where the bond also has a trustee who represents the interests of the bondholders.
Where there is no trustee, the agent is commonly referred to as a 'fiscal agent'.
