Meaning agent bank
What does agent bank mean? Here you find 7 meanings of the word agent bank. You can also add a definition of agent bank yourself
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agent bankBank appointed by members of a lending syndicate to protect lenders' interests during the life of a loan. It is typically paid an annual fee to administer the loan, which includes distributing interest payments to the bank group, updating lender lists and managing borrowings. For secured loans, particularly those backed by receivables and inve [..]
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agent bankDefinition A bank that has been authorized by an individual to act as his/her agent. An agent bank would typically provide services such as back-office operations, processing of credit applications, a [..]
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agent bankA bank that participates in another bank’s card issuing program. This bank turns over the merchant applications to the processing bank and acts as a depository for merchants.
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agent bankA bank appointed in a syndicated credit to oversee the loan.
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agent bankA bank acting on behalf of a foreign bank.
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agent bankA participating bank in a syndicated loan that handles all th e operations and deals with the borrower on behalf of the syndicate.
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agent bankCustody Banks in Singapore that handle Central Provident Fund or CPF members’ investments under the CPFIS Scheme. Appointed by the CPF Board.
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