Definitions for "agent bank"
Keywords:  syndicate, behalf, bank, foreign, nova
A bank that has been authorized by an individual to act as his/her agent. An...
A bank acting for another bank, usually a foreign one.
1. A bank acting on behalf of another bank. 2. A bank acting for lenders and bondholders, similar to an indenture trustee.
To be considered a securities lending agent, the lending institution must disclose the names of all parties involved in a transaction and disclose any compensation it receives to the client.