Difference between revisions of "Municipal Debt Remarketing Agent"

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.

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 == Definition ==
-'''Municipal Debt Remarketing Agent'''. 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
+'''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.
-== Disclaimer ==
-This entry annotates a [https://spec.edmcouncil.org/fibo/ FIBO Ontology Class]. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the [https://opensource.org/licenses/MIT MIT Open Source License]. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
 [[Category:Bonds]]
-{{#set: isDefinedBy | https://spec.edmcouncil.org/fibo/ontology/SEC/Debt/Bonds/index-en.html }}
-__SHOWFACTBOX__