Agent bank: Difference between revisions
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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.) |
imported>Doug Williamson (Add link.) |
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== See also == | == See also == | ||
* [[Agent]] | |||
* [[Bond]] | * [[Bond]] | ||
* [[Bond issue]] | * [[Bond issue]] | ||
Revision as of 18:09, 4 July 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.
