Agent bank: Difference between revisions
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imported>Doug Williamson (Categorise page.) |
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. | 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. | ||
Also known as the ''facility agent''. | |||
2. | |||
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. | ||
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* [[Syndicated loan]] | * [[Syndicated loan]] | ||
[[Category:Long_term_funding]] | [[Category:Long_term_funding]] | ||
Revision as of 19:50, 17 July 2021
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.
