system paying agent

The party within the CSD that is responsible for distributing resources relating to a specific distribution to other CSD parties.

Euroclear glossary. 2008.

Look at other dictionaries:

  • system paying agent — ( SPA) Euroclear Clearing and Settlement glossary The party within the CSD that is responsible for distributing resources relating to a specific distribution to other CSD parties. Euroclear Clearing and Settlement glossary …   Financial and business terms

  • paying agent — An entity responsible for paying bond principal and interest on behalf of the debtor. American Banker Glossary An agent who makes principal and interest payments to bondholders on behalf of the issuer. Bloomberg Financial Dictionary A trader… …   Financial and business terms

  • postal system — System that allows persons to send letters, parcels, or packages to addressees in the same country or abroad. Postal systems are usually government run and paid for by a combination of user charges and government subsidies. There are early… …   Universalium

  • Federal Reserve System — FRB and FED redirect here. For other uses, see FRB (disambiguation) and FED (disambiguation). Federal Reserve System …   Wikipedia

  • Judicial system of the People's Republic of China — For the Ministry of Justice, see Ministry of Justice of the People s Republic of China. People s Republic of China This article is part of the series: Politics and government of …   Wikipedia

  • Oklahoma State System of Higher Education — Established March 11, 1941 Type Public University System Chancellor Dr. Glen D. Johnson, Jr. Location Oklahoma City, Oklahoma …   Wikipedia

  • Honor system — An honor system or honesty system is a philosophical way of running a variety of endeavors based on trust, honor, and honesty. Something that operates under the rule of the honor system is usually something that does not have strictly enforced… …   Wikipedia

  • Informal value transfer system — An informal value transfer system (IVTS) refers to any system, mechanism, or network of people that receives money for the purpose of making the funds or an equivalent value payable to a third party in another geographic location, whether or not… …   Wikipedia

  • bottom-up method — Corporate action processing method through which the Euroclear group ( I)CSD Client typically generates relevant securities and/or cash transfers from its account to the system paying agent account, in accordance with the issuer s notification.… …   Financial and business terms

  • pivot account — Account opened in the name of the system paying agent and used as intermediary account between the system paying agent s account and the accounts of the entitled holders during the processing of the corporate action. Euroclear Clearing and… …   Financial and business terms

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.