Paying agent: Difference between revisions

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''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.
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.


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== See also ==
== See also ==
* [[Agent]]
* [[An introduction to debt securities]]
* [[Bond]]
* [[Bond]]
* [[Coupon]]
* [[Coupon]]
* [[Interest]]
* [[Interest]]
* [[Principal]]
* [[Principal]]
* [[An introduction to debt securities]]
* [[Trustee]]
 
[[Category:Long_term_funding]]

Latest revision as of 18:11, 4 July 2022

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.

The term 'paying agent' is usually used where the bond also has a trustee who represents the interests of the bondholders.


Where there is no trustee, the agent is commonly referred to as a 'fiscal agent'.


See also