What is the agent?

Sometimes referred to as paying agents or fiscal agents are agents paid by experts who are responsible for accepting payments from securities publishers and passing on these payments to investors holding these securities. In most cases, the salary agent will be a bank or a trusted company that has established a working relationship with an issuer of security or securities. The function of these agents is usually governed by the financial regulations set by government agencies and ethical standards established by the financial community in the country where the agent operates.

The actual process that the agent follows is relatively simple. The issuer delivers all data necessary to process payments to investors. This includes contact information for each investor, such as the name, postal address and, where appropriate, bank information that can be used to carry out electronic transfers to investors accounts. Together with this BASDATA IC, the issuer also supplies the agent data on the amounts to be pdiluted to each investor, a documentation that identifies the nature of the payment, and the period covered by the payment. In return, the agent provides payment to the issuer documentation that confirms the successful transfer of funds to each investor.

payments that can be paid by the payment agent include principal payments when investors decide to sell shares back to issuers, interest payments on different types of bond issues and dividend payments to shareholders, if these payments are to be issued. With each type of transaction, the agent has a remuneration for the fact that payments are issued in time, that they are made to the correct investor and that the payments are made in accordance with the conditions provided by the issuer.

While paying the agent is responsible for making payment to investors, the agent actually does not interact with an investor in matters other than the confirmation that the payment is received. If existE problem with the amount of payment, the investor will have to communicate with the issuer to identify the origin of the problem, provided that the agent has processed payments according to the issuers provided by the issuer. Depending on the local customs, the paying agent may communicate the investor's request to the issuer to explore the perceived non -compliance, but in most cases concerns should be made directly with the issuer. Only if the issuer permits a modified payment, can the agent move the payment forward with any type of other payments to the investor.