Agent bank

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1. Syndicated borrowings - bonds.

A bank which is responsible for the administration (including interest rate fixing) of a syndicated credit or bond issue, and which represents the lenders collectively in any negotiations with the borrower.

Also known as the facility agent.

2. Banking - custody.

A custody term designating any bank providing custody services on behalf of a custodian for securities traded in the country where the bank is based.

See also