What does agent bank mean?
Definitions for agent bank
agent bank
This dictionary definitions page includes all the possible meanings, example usage and translations of the word agent bank.
Princeton's WordNet
lead bank, agent banknoun
a bank named by a lending syndicate of several banks to protect their interests
agent banknoun
a bank that acts as an agent for a foreign bank
ChatGPT
agent bank
An agent bank is a bank that acts on behalf of another bank or a group of banks in certain financial transactions, such as loan syndication, securities issuance, or handling a merger. It serves as an intermediary or facilitator, coordinating with other banks and institutions, managing necessary paperwork, performing administrative tasks, and ensuring that all regulatory requirements are met. The term "agent bank" can also refer to a bank in a foreign country that handles certain services for a bank located in another country.
agent bank
An agent bank, also known as an administrative bank, is a bank that handles specified services on behalf of other banks in a lending syndicate or loan consortium. These services may include loan management, coordination of communication, and collection and distribution of payments among participants. The agent bank may also manage any documentation related to the overall agreement. This bank typically has a direct relationship with the borrower and acts as an intermediary for the other lenders.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of agent bank in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of agent bank in Pythagorean Numerology is: 3
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"agent bank." Definitions.net. STANDS4 LLC, 2024. Web. 29 Apr. 2024. <https://www.definitions.net/definition/agent+bank>.
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