paying agent

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Paying agent

An agent who makes principal and interest payments to bondholders on behalf of the issuer.

Paying Agent

An institution, usually an investment bank, that accepts funds from the issuer of a security and distributes them to that security's holders. In stocks, a paying agent receive dividends, which it then disburses to stockholders. In bonds, it receives coupon payments, which it then gives to bondholders. A paying agent acts as an intermediary in these transactions, and receives a fee for these services. See also: Outsourcing.

paying agent

A financial institution that makes the payments to the holders of an issuer's securities. For example, an indenture will name a paying agent responsible for making interest and principal payments on a bond issue.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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The Anfield club are not shy in paying agents' fees, having forked out PS26.8million to intermediaries in the past two transfer windows, a table-topping Premier League figure.

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As Rustamov noted the bill also provides for the introduction of the concept of "paying agents".

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FIVE YEARS AGO: The remarkable tumult within the Boro dressing room had led to the club paying agents' fees of more than PS1.5m, a figure that was higher than those of Premier League clubs Birmingham, West Brom and Blackpool.

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Liverpool spent the most on paying agents, with their outlay reaching a whopping PS14,301,464m in the same period.

Blues' PS4.5m on agent fees

To comply with the DTC's rules and avoid late payments to bondholders, the Government Finance Officers Association strongly recommends that paying agents provide funds and CUSIP details to the DTC no later than 1 p.m., Eastern time, on the payment date.

New procedures for DTC payments effective in early 2011

Finance support includes managing the third largest "cash" disbursing operation in the Navy, including currency conversion, cash travel advances, and the use of Paying Agents throughout the CJOA.

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The Arsenal boss has slammed Soho Square chiefs for changing the rules on paying agents and insists it could ruin the league.

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on paying agents, whether a positive list of the entities concerned should be drawn up

ECOFIN COUNCIL : TAXATION OF SAVINGS BACK ON AGENDA

League chairman Lord Mawhinney said: "We understood the culture of paying agents would take time to reverse.

Frustration

They could not represent both a player and the potential buying club during transfer dealings, and that players - rather than buying clubs - would be responsible for paying agents' fees.

Luton manager calls on England's top clubs to tackle corruption inside football

Clubs are paying agents for scouting and development duties while one is making monthly payments to their agent friends.