Why the hell are football clubs paying agents
when they represent the player?
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.
Beginning in early February, the DTC will make payments to the bondholders only after the funds and the accompanying allocation details are received from the paying agent or government.
The redemption amount plus interest accrued through May 1 will be paid on or after May 3, 1993, based upon receipt of the debentures by the paying agents
Shad's encouragement to issue new debt in global book-entry form, saving the expense and hassles of physical certificates, transfer agents, paying agents
, and registrars.
Although the depository and paying agents
-- those agents who distribute the monthly principal and interest (P&I) payments -- have implemented automation and process improvements in the last two years, little progress has been achieved in improving the accuracy of CMO/ABS payment processing, according to the latest paper.
Even at such times - for example, when the wire transfer system fails - paying agents
have been willing to remit funds on behalf of issuers, comforted by the ultimate remedy of a "clawback" of monies from the Depository Trust Company (DTC) and ultimately from securities firms and dealers, if necessary.
Bonds together with all the unmatured coupons should be presented for payment to the specified office of any of the paying agents
listed on the reverse side of the bond.
Deutsche Bank's Global Debt Services business is one of the leading issuing & paying agents
for short and medium term debt instruments in the US and international markets, as well as providing a range of trustee, agency, depositary and related services for many other types of financing including bonds, project financings, escrows, Islamic financings and syndicated loans.
as the paying agents
for payment of the merger consideration.
Its Corporate Trust & Agency Services (CTAS) is one of the largest paying agents
in the United States.
Prior to closing on the TRANs, Standard & Poor's will review the paying agent
agreement to ensure that it meets Standard & Poor's requirements for paying agents
to act in a trust capacity when holding TRAN repayment accounts.