Agent bank

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Revision as of 19:50, 17 July 2021 by imported>Doug Williamson (Add Facility agent. Source - Practical Law - https://uk.practicallaw.thomsonreuters.com/9-107-6377?transitionType=Default&contextData=(sc.Default)&firstPage=true#:~:text=In%20the%20context%20of%20a,the%20facility%20with%20the%20borrower.)
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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.


See also

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