bond-basics

Dissemination Agent

A firm or company engaged to assist the Issuer or the Borrower in complying with its ongoing continuing disclosure obligations.

A Dissemination Agent may be engaged to assist the Issuer or Borrower in complying with its ongoing continuing disclosure obligations.  A Dissemination Agent typically collects and compiles the Issuer’s or Borrower’s annual financial information and audited financial statements and files this information with the online database operated by the MSRB, entitled Electronic Municipal Market Access (“EMMA”)  In addition, the Dissemination Agent assists the Issuer or the Borrower with the filing with EMMA of any required material event notices or any desired voluntary event notices filed by the Issuer or the Borrower.

Life’s a Party

Learn more about the various parties involved in a municipal securities transaction and their roles.


See Also

Electronic Municipal Market Access (“EMMA”)

A website, operated by the MSRB, designated by the SEC as the official source for municipal securities data (including disclosures made pursuant to a continuing disclosure undertaking) and offering documents.

Hudson Yards Rail Yards

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Hundreds of Terms and Concepts

TEFRA Approval

The approval of the bond issue by the appropriate governmental unit after a TEFRA hearing.