transfer agent investment & finance definition
A
bank or trust company that keeps a record of the shareholders of a corporation.
The transfer agent issues and transfers stock certificates as they are bought
and sold.
See transfer agent in Wall Street Words
A company, generally a bank or trust company, appointed by a firm to transfer that firm's securities. Security holders may send the security certificates directly to the transfer agents by registered mail. The security should be endorsed with a letter of instruction included. The firm's agent is listed on its certificates. The transfer agent is also likely to maintain the current record of security owners for transmitting dividends, reports, security distributions, and so forth.
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