Paying agent: Difference between revisions
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Where there is no trustee, the agent is commonly referred to as a 'fiscal agent'. | Where there is no trustee, the agent is commonly referred to as a 'fiscal agent'. | ||
== See also == | == See also == | ||
Revision as of 13:58, 13 May 2016
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'.
