Municipal Debt Remarketing Agent
From Open Risk Manual
Revision as of 14:12, 24 April 2024 by Wiki admin (talk | contribs)
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.
