Islamic banking and Paying agent: Difference between pages
From ACT Wiki
(Difference between pages)
imported>Doug Williamson m (Link with Bank page.) |
imported>Doug Williamson (Added link to Treasurer's Handbook) |
||
| Line 1: | Line 1: | ||
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 == | |||
* [[Bond]] | |||
* [[Coupon]] | |||
* [[Interest]] | |||
* [[Principal]] | |||
* [[An introduction to debt securities]] | |||
Revision as of 11:24, 13 November 2015
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'.
