- The party appointed by the issuer. It updates records of investor accounts to reflect the daily investor purchases, redemptions, switches, transfers, and re-registrations. It ensures the timely settlement of transactions, and may provide tax information to the investor and/or to its intermediaries. It may calculate, collect, and rebate commissions. It prepares and distributes confirmations reflecting transactions, resulting in unit or cash account movements to the investor or the investor's intermediary. It responds to inquiries concerning account status, and processes the income distribution.
Euroclear glossary. 2008.
Look at other dictionaries:
transfer agent — see agent Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. transfer agent n. A … Law dictionary
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Transfer agent — Companies that have publicly traded securities typically use transfer agents to keep track of the individuals and entities that own their stocks and bonds. Most transfer agents are banks or trust companies, but sometimes a company acts as its own … Wikipedia
Transfer agent — Individual or institution appointed by a company to look after the transfer of securities. The New York Times Financial Glossary * * * transfer agent transfer agent ➔ agent * * * transfer agent UK US noun [C] FINANCE ► a person or financial… … Financial and business terms
transfer agent — Individual or institution a company appoints to look after the transfer of securities. Bloomberg Financial Dictionary The party appointed by the issuer. It updates records of investor accounts to reflect the daily investor purchases, redemptions … Financial and business terms
Transfer Agent — A trust company, bank or similar financial institution assigned by a corporation to maintain records of investors and account balances and transactions, to cancel and issue certificates, to process investor mailings and to deal with any… … Investment dictionary
transfer agent — A person having the duty of registering a transfer of corporate stock. 18 Am J2d Corp § 408. Not a managing agent within the meaning of a statute concerning the service of process upon a foreign corporation. Anne: 113 ALR 79 … Ballentine's law dictionary
transfer agent — A person or company used by a corporation to process the transfer and registration of stock certificates … Business law dictionary
transfer agent — noun an agency (usually a bank) that is appointed by a corporation to keep records of its stock and bond owners and to resolve problems about certificates • Hypernyms: ↑agency * * * noun : the officer, bank, or trust company that keeps the… … Useful english dictionary
transfer agent — a person, bank, or trust company officially designated to act for a corporation in executing and recording the transfers of its stock from one legal owner to another. * * * … Universalium
transfer agent — noun An entity designated by a publicly traded corporation to keep track of the ownership of the corporations stocks and bonds … Wiktionary