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Fiscal agency agreement

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Fiscal agency agreement
An alternative to a bond trust deed. Unlike the trustee, the fiscal agent acts as a representative of the borrower.


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Pursuant to the fiscal agency agreement to be executed by the issuer, town, library and fiscal agent, the annual tax will be paid by the town directly to the fiscal agent.
Through the fiscal agency agreement, the county is required to deposit TAN payments 15 days prior to the repayment date.
Columbia is also pleased to announce that it has entered into a fiscal agency agreement with Union Securities Ltd.
 
 
 
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