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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
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.

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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
References in periodicals archive ?
Bank National Association, as trustee, paying agent, registrar, authentication agent and transfer agent (with Wilmington Trust, National Association as successor trustee, paying agent, registrar, authentication agent and transfer agent), and Deutsche Bank Trust Company Americas, as collateral agent, governing iHeartCommunications' 9.0% Priority Guarantee Notes due 2022
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For example notice security agents of arrival of a transfer agent. It controls and manages all the other agents of cloud as executor agent and security agent.
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.
Previously, public-company share ownership was fairly identifiable through a transfer agent's registered holder list.
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The additional shares will be distributed by the Company's transfer agent, American Stock Transfer & Trust Company, and the per share price of the Company's common stock will adjust accordingly on the NYSE MKT, LLC.
Consequently, after promulgation of the Underwriter Rules 2015 and the Balloters and Transfer Agent Rules, 2015 the Ballotters, Transfer Agents and Underwriters Rules, 2001 dated June 27, 2001 have been rescinded.
The company will arrange for the disposition of fractional share interests of stockholders who hold fewer than 100 shares immediately prior to the reverse split by having the company's transfer agent aggregate such fractional share interests and sell the shares of common stock resulting from such aggregation in open market transactions following the effectiveness of the forward split.
New York, NY, January 15, 2014 --( Vstock Transfer, a leading transfer agent, has announced a strategic partnership with eShares, the platform that replaces paper stock certificates with electronic shares.
BUSINESS transfer agent Ernest Wilson has appointed Martin Humberstone as a senior consultant.
162(k)'s legislative history of the types of expenses applicable include amounts paid to repurchase stock; any premiums paid for such stock; and other expenses such as legal, accounting, brokerage, transfer agent and appraisal fees incurred as part of a redemption; or any expenses so related.