Transfer agent


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Related to Transfer agent: Mail transfer agent, Chain transfer agent

Transfer agent

Individual or institution a company appoints to look after the transfer of securities.

Transfer Agent

A financial institution that acts, for a fee, as a record keeper for a publicly-traded company, investment company, or similar company. A transfer agent is responsible for issuing stock certificates, dealing with lost or stolen certificates, and generally maintaining accurate records for the client company. A transfer agent is particularly important because many investment companies have a large number of investors with a small amount of equity.

transfer agent

A company, generally a bank or trust company, appointed by a firm to transfer that firm's securities. Security holders may send the security certificates directly to the transfer agents by registered mail. The security should be endorsed with a letter of instruction included. The firm's agent is listed on its certificates. The transfer agent is also likely to maintain the current record of security owners for transmitting dividends, reports, security distributions, and so forth.

Transfer agent.

A transfer agent is responsible to a corporation for keeping track of who owns the corporation's stock and bonds and whether those securities are registered in the name of an individual investor or a brokerage firm, which is known as street name registration.

In some cases, stocks can be registered directly on the books of an issuer or its transfer agent using the direct registration system (DRS).

Increasingly, ownership records are electronic, though a transfer agent may issue stock and bond certificates to new owners if they request them. The transfer agent also receives certificates that represent securities that have been sold or returned to be reregistered.

References in periodicals archive ?
The functions of the Balloters and Transfer Agents are also of important nature as they, on behalf of the issuers, are responsible for keeping and properly maintaining the share register and involved in the issuance and transfer of securities.
ABOUT VSTOCK TRANSFER : VStock Transfer is a New York based stock transfer agent providing best-in-class service combined with a cost savings structure.
The existing BTU rules were promulgated on June 27, 2001, under Section 32C read with Section 33 of the Securities and Exchange Ordinance, 1969, to regulate the businesses of the underwriters and ballotters and transfer agents.
Stockholder Consulting Services, in partnership with Rutgers University Graduate School of Management, conducts an annual comparison survey to benchmark the performance of the largest transfer agents.
29, 2012 /PRNewswire/ -- Group Five, a consulting and corporate services research company, today announced the results of its annual study of corporate opinions of services provided by transfer agents.
also a top performer in this year's survey, ranking ahead of the two other largest transfer agents in the U.
As these transactions are consummated, there is likely to be considerable disorder for companies that use bank or financial institution transfer agents because of data system mismatches, personnel layoffs and changes, and, perhaps, the acquiring banks terminating the stock transfer business of the acquired banks.
A number of broker-dealers have not yet contacted the new transfer agent despite communication that has been made on behalf of the Company.
NEW YORK, April 5 /PRNewswire/ -- Securities Data Publishing (SDP), a unit of Thomson Financial Services, today announced the release of its 1999 Transfer Agent Service Guide, a reference tool for the mutual fund industry featuring
The investor can also call the transfer agent or the issuer to verify whether the certificate is currently valid.
NYSE: AIG), has announced it is providing surety underwriting services for financial institutions participating in the new Securities Transfer Agents Medallion Program (STAMP).