Agent Bank

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Agent Bank

1. See: Lead manager.

2. See: Agency bank.

3. A bank that issues a credit card on behalf of the primary issuer. The agent bank does not finance the credit card transactions. Most credit card issuers are in fact agent banks.
References in periodicals archive ?
The share of agent banks shall be set by the Board of Trustees under competitive conditions proportionate to the service charge and the specialized and expert capabilities of the agent banks.
In 2009, DTCC launched Contract Reconciliation to provide lenders with comprehensive contract level detail from agent banks to lenders.