Fiscal agent: Difference between revisions
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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. | ||
Where there is no trustee, the agent is commonly referred to as a 'fiscal agent'. | |||
The term 'paying agent' is usually used where the bond also has a trustee who represents the interests of the bondholders. | |||
Revision as of 20:54, 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.
Where there is no trustee, the agent is commonly referred to as a 'fiscal agent'.
The term 'paying agent' is usually used where the bond also has a trustee who represents the interests of the bondholders.
