The Depository Trust Company (“DTC”)
A central securities certificate depository through which Securities are held in book-entry only form.
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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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Hundreds of Terms and Concepts
Yield
As computed under the Code provisions applicable to bonds, the internal rate of return that causes the present value of the payments of principal and interest (and, in certain cases, certain other payments) on an issue of bonds to equal the issue price of the bonds.