paying agent

An entity responsible for paying bond principal and interest on behalf of the debtor. American Banker Glossary
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An agent who makes principal and interest payments to bondholders on behalf of the issuer. Bloomberg Financial Dictionary
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A trader known to HM Revenue & Customs (HMRC) and formally set up on the Customs Handling of Import and Export Freight ( CHIEF) system who transmits import or customs warehouse removal declarations to the CHIEF system. HM Customs & Revenue Glossary

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paying agent paying agent agent

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   An institution appointed to supervise the payment of dividends to shareholders and the payment of principal and interest to bond holders, on behalf of the issuers of those shares or bonds. For floating rate notes the paying agency also sets the level of the coupon each quarter, based on a reference interest rate on a predetermined day.
   ► See also FRN.

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paying agent UK US noun [C]
FINANCE a bank, etc. that manages payments from buyers of a company's shares or bonds, and the payments of dividends and interest to them

Financial and business terms. 2012.

Look at other dictionaries:

  • Paying Agent — An agent who accepts payments from the issuer of a security and then distributes the payments to the holders of the security. Also known as a disbursing agent. A bank is usually the paying agent designated to make dividend, coupon, and principal… …   Investment dictionary

  • paying agent — A bank or other organization that contracts under a paying agency agreement to pay, upon presentation to one of its designated offices, the interest and capital sums due on a bearer security …   Accounting dictionary

  • paying agent — A bank or other organization that contracts under a paying agency agreement to pay the interest and capital sums due on a bearer security …   Big dictionary of business and management

  • paying agent — Fin the institution responsible for making interest payments on a security and repaying capital at redemption. [m1]Also known as disbursing agent …   The ultimate business dictionary

  • paying agent — / peɪɪŋ ˌeɪdʒənt/ noun a bank which pays dividend or interest to a bondholder …   Dictionary of banking and finance

  • Paying agent's claim —   An ISO term. A claim by a paying agent for reimbursement of income, or redemption proceeds, or a combination of both …   International financial encyclopaedia

  • issuing and paying agent — ( IPA) Euroclear Clearing and Settlement glossary An institution that acts on behalf of the issuer of securities in distributing the securities and in realising the proceeds thereof for the benefit of the issuer. Also, on behalf of an issuer, an… …   Financial and business terms

  • issuing and paying agent — (IPA) An institution that acts on behalf of the issuer of securities in distributing the securities and in realising the proceeds thereof for the benefit of the issuer. Also, on behalf of an issuer, an IPA makes payments to holders of securities …   Euroclear glossary

  • ENL Paying Agent — Where the CSD is Euroclear Nederland, the Client designated by the issuer of a security and approved by the CSD in order to represent the issuer vis à vis the CSD in relation to corporate action payments on such security Euroclear Clearing and… …   Financial and business terms

  • system paying agent — ( SPA) Euroclear Clearing and Settlement glossary The party within the CSD that is responsible for distributing resources relating to a specific distribution to other CSD parties. Euroclear Clearing and Settlement glossary …   Financial and business terms

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