Issuing and Paying Agent (IPA) definition
Issuing and Paying Agent (IPA) means a Scheduled Bank acting as an IPA.
Issuing and Paying Agent (IPA) means a Scheduled Bank, an Investment Finance Company or a DFI having a minimum Credit Rating Grade of “A-“ (medium to long term) and “A2” (short term) from any rating agency
Issuing and Paying Agent (IPA) means a Bank, a licensee of Capital Market or any other financial Institution as defined under the Banking law.
More Definitions of Issuing and Paying Agent (IPA)
Issuing and Paying Agent (IPA) means a financial institution that acts on behalf of the issuer to facilitate CP issuance and effect principal and interest payments at maturity to CP holders;
Issuing and Paying Agent (IPA) means a financial institution that acts on behalf of the issuer to facilitate CP issuance and effect principal and income payments, including repayments at maturity, to CP holders.
Issuing and Paying Agent (IPA) means a bank or a non-bank deposit taking institution that acts on behalf of the issuer to facilitate the issue of MMIs and effect principal at maturity and interest payments to MMI holders;
Issuing and Paying Agent (IPA) means a bank or a non-bank deposit taking institution or any other financial auxiliary as may be approved by the Bank that acts on behalf of the issuer to facilitate the issue of MMIs and effect principal payment at maturity and interest payments to MMI holders;