bond-basics

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

Closing Memorandum

A narrative form of, or adjunct to, the closing index describing the participants, their roles in the financing, flow of funds on the date of the closing, closing instructions and the documents for which the transaction participants are responsible.