Transfer agent

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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 ?
Besides, the companies served by Sharepro were asked to change their Registrar and Share Transfer Agent, and also to conduct a thorough audit of their records and systems with respect to dividend payouts and transfer of securities.
This fact allows to increase the average temperature difference between heat transfer agents compared with traditional boilers.
So its role is based on a request of the user, the analyzer agent selects a list of cloud provider that has the requested information with service using a database and when performing the application is complete, the analyzer shows the results found by the transfer agent and the analyzer agent then returns the result to the mediator agent (Figure 9).
The functions of 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.
During the study funded by the National Science Foundation and the Protect Our Reefs specialty license plate, the team tested a reef region adjacent to Looe Key Reef in the Florida Keys National Marine Sanctuary for activity of gene transfer agents. They also tested areas in the Alafia River and in the Gulf of Mexico.
Transfer agents maintain records related to the issuance and transfer of securities and provide operational assistance in the sale and transfer of ownership of securities.
In addition to regulating various operational parameters for money transfer agents, the Reserve Bank also requires agencies carry insurance.
Internet email is based on SMTP, which describes the interaction between Mail Transfer Agents (MTAs), which are responsible for carrying messages to and from hosts on the networks, and Mail User Agents (MUAs), which are simply the email clients, such as Eudora or Outlook, that people use to compose and send email.
Also, SDP has released the 1999 Transfer Agent Service Guide, a reference tool for the mutual funds industry covering full-service, remote and system transfer agents.
The SEC staff also said it would ensure broker-dealers, transfer agents and investment advisers and companies were aware of the problem.
Unlike epoxies, urethanes usually don't require surface coatings, are simpler and quicker to use and are better heat transfer agents.