Difference between revisions of "Municipal Debt Remarketing Agent"
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== Definition == | == Definition == | ||
− | '''Municipal Debt Remarketing Agent''' | + | '''Municipal Debt Remarketing Agent''' denotes a municipal securities dealer responsible for reselling to investors securities (such as variable rate demand obligations and other tender option bonds) that have been tendered for purchase by their owner. |
The remarketing agent also typically is responsible for resetting the interest rate for a variable rate issue and may act as tender agent. | The remarketing agent also typically is responsible for resetting the interest rate for a variable rate issue and may act as tender agent. | ||
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[[Category:Bonds]] | [[Category:Bonds]] | ||
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Latest revision as of 14:12, 24 April 2024
Definition
Municipal Debt Remarketing Agent denotes a municipal securities dealer responsible for reselling to investors securities (such as variable rate demand obligations and other tender option bonds) that have been tendered for purchase by their owner.
The remarketing agent also typically is responsible for resetting the interest rate for a variable rate issue and may act as tender agent.