Individual or institution a company appoints to look after the transfer of securities. Bloomberg Financial Dictionary
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The party appointed by the issuer. It updates records of investor accounts to reflect the daily investor purchases, redemptions, switches, transfers, and re-registrations. It ensures the timely settlement of transactions, and may provide tax information to the investor and/or to its intermediaries. It may calculate, collect, and rebate commissions. It prepares and distributes confirmations reflecting transactions, resulting in unit or cash account movements to the investor or the investor's intermediary. It responds to inquiries concerning account status, and processes the income distribution. Euroclear Clearing and Settlement glossary
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transfer agent UK US noun [C] FINANCE
► a person or financial organization that keeps a list of a company's shareholders and is responsible for changing it when shares are bought or sold: »
non-bank/bank/registered transfer agents
Financial and business terms. 2012.