Fast Automated Securities Transfer (FAST)

Program of Depository Trust Company (DTC) with a goal of reducing certificate movement by having Bond certificates held by FAST transfer agents rather than by DTC.  FAST transfer agents are typically the Paying Agent or Trustee in connection with issuance of the Bonds.

See Also

Paying Agent

The institution, often appointed in an indenture or a paying agency agreement, responsible for making payments of interest and principal to bondholders.

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Agreement Among Underwriters

Agreement used in the purchase of a bond issue by a syndicate to set out the rights, obligations and purchase commitments of each underwriter; to authorize one or more underwriters to act as manager(s); and to give the manager(s) authority to act on behalf of the others in connection with the bond issue.