Service to the Securities Industry

ASSET OR COLLATERAL MANAGER

http://www.selectivefinancialservices.org/wp-content/uploads/2019/11/6-Asset-or-Collateral-Manager.mp3 COLLATERAL MANAGEMENT is the process of two parties exchanging assets in order to reduce credit risk associated with any unsecured financial transactions between them. Such counterparties include banks, broker-dealers, insurance companies, hedge funds, pension funds, ASSET MANAGERS and large Read more…

Service to the Securities Industry

TRUSTEE

http://www.selectivefinancialservices.org/wp-content/uploads/2019/11/5-Trustee.mp3 A security TRUSTEE is a person or corporate entity which holds security for the benefit of others. The security involved may comprise a charge over property, a debenture over the assets and undertaking of a company, a bank account Read more…

Service to the Securities Industry

CREDIT RATING AGENCIES

http://www.selectivefinancialservices.org/wp-content/uploads/2019/11/8-Credit-Rating-Agencies.mp3 A credit rating agency, also called a ratings service, is a company that assigns credit ratings, which rate a debtor’s ability to pay back debt by making timely principal and interest payments and the likelihood of default. An agency Read more…

Service to the Securities Industry

REGISTRAR

http://www.selectivefinancialservices.org/wp-content/uploads/2019/11/9-Registrar.mp3 A REGISTRAR is an institution, often a bank or trust company, responsible for keeping records of bondholders and shareholders after an issuer offers securities. When an issuer needs to make an interest payment on a bond or a dividend Read more…

Service to the Securities Industry

CALCULATION AND REPORTING AGENT

http://www.selectivefinancialservices.org/wp-content/uploads/2019/11/10-Calculation-and-Reporting-Agent.mp3 This party to the securitization transaction calculates and reports the distribution of interest, principal repayments and profit participation due to the INVESTORS and other creditors. The allocation of funds available from the exposure pool is governed by the cash Read more…

Service to the Securities Industry

PAYING AGENT

http://www.selectivefinancialservices.org/wp-content/uploads/2019/11/11-Paying-Agent.mp3 PAYING AGENTS are usually banks, designated to make dividend, coupon, and principal payments to the security holder on behalf of the issuer. In a securities issue, for example, the security’s indenture will name a PAYING AGENT, responsible for making Read more…

Service to the Securities Industry

ARRANGED UNDERWRITER

http://www.selectivefinancialservices.org/wp-content/uploads/2019/11/12-Arranged-Underwriter.mp3 An UNDERWRITING AGREEMENT is a contract between a group of investment bankers who form an underwriting group or syndicate and the issuing corporation of a new securities issue. The purpose of the UNDERWRITING AGREEMENT is to ensure that all Read more…

Service to the Securities Industry

CUSTODIAN

http://www.selectivefinancialservices.org/wp-content/uploads/2019/11/14-Custodian.mp3 A CUSTODIAN is a financial institution that holds customers’ securities for safekeeping in order to minimize the risk of their theft or loss. A CUSTODIAN holds securities and other assets in electronic or physical form. A CUSTODIAN is a Read more…

Service to the Securities Industry

ASSET BACK-UP SERVICER

http://www.selectivefinancialservices.org/wp-content/uploads/2019/11/13-Asset-back-up-Servicer.mp3 Securitization is a transaction where fund is raised backed by only assets assigned with the ORIGINATOR’s credit risk being separated from them. Normally, the ORIGINATOR continues to receive collected money as a servicer after assignment of receivables. In a Read more…