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.

Hudson Yards Rail Yards

Start with the Bond Basics

Debt Limit

Statutory limit on the amount of debt an issuer can incur or have outstanding at any one time.