Paying agent: Difference between revisions
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imported>Doug Williamson (Identify bonds context.) |
imported>Doug Williamson (Expand for trustee.) |
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* [[Interest]] | * [[Interest]] | ||
* [[Principal]] | * [[Principal]] | ||
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[[Category:Long_term_funding]] | [[Category:Long_term_funding]] | ||
Revision as of 20:55, 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'.
