Fiscal agent

From ACT Wiki
Revision as of 20:54, 7 October 2018 by Doug Williamson (Talk | contribs) (Re-order.)

(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

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.


See also