agent bank


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Noun1.agent bank - a bank named by a lending syndicate of several banks to protect their interests
banking company, banking concern, depository financial institution, bank - a financial institution that accepts deposits and channels the money into lending activities; "he cashed a check at the bank"; "that bank holds the mortgage on my home"
2.agent bank - a bank that acts as an agent for a foreign bank
banking company, banking concern, depository financial institution, bank - a financial institution that accepts deposits and channels the money into lending activities; "he cashed a check at the bank"; "that bank holds the mortgage on my home"
References in periodicals archive ?
Summary: Emirates NBD acted as agent bank, security agent and mandated lead arranger in the club financing arrangement that included Commercial Bank of Dubai and Arab Bank as mandated lead arrangers
M2 EQUITYBITES-August 22, 2016-TCM Bank Acquires Agent Bank Portfolio from Fifth Third
An agent bank which is called agency bank too is a bank that acts in some capacity on behalf of another bank.
Syndicated loans involve multiple lenders for each borrower with an agent bank acting as the liaison, transmitting information back and forth among parties.
Commerce acted as agent bank in providing a $17,650,000 construction loan for Coney on the Park L.
PARIS & NEW YORK -- The Depository Trust & Clearing Corporation (DTCC) has announced that Societe Generale in North America will link to its Loan/SERV Reconciliation Service as both agent bank and lender to help automate and streamline the processing of syndicated loans, enabling the bank to view and reconcile loan positions with thousands of lenders on a daily basis.
According to the company, the solution will act as HSBC's single source of agent bank fee data.
As our role in the global syndicated loan market grows, we are dedicated to ensuring that we, as an agent bank, and our lenders agree on loan positions and the accruals that take place during the life of the loan," said Michele Ushkowitz, Head of Financing Operations for Societe Generale Corporate & Investment Banking in the Americas.
It will help ensure that cash settles simultaneously with the change in legal ownership of the asset recorded by the agent bank.
Cash on Transfer will ensure that cash settles simultaneously with the change in legal ownership of the asset recorded by agent bank.
Cash on Transfer will give the global syndicated loan market a platform for the simultaneous movement of cash with the change in legal ownership of the asset recorded by the agent bank.
MCPS purchased the Agent Bank portfolio and several thousand merchants in October 2009.