Debt Issuance & Paying Agency Services
The processes under this area are on the Trust & Agency side of the business involving direct interaction with issuers, dealers, clearing systems and financial institutions. HCL provides services in following areas:
- MMI/Settlement: Issuing and settling new ECP/ EMTN as instructed by the issuer.
- Common Depository: Redemption, Mark up/ down and Repurchase of securities.
- Debt Services & Paying Agency: Disbursement of funds from issuers to the note-holders according to the terms of the Paying Agency Agreement.
- Corporate Actions: Responding to instructions received from Issuers and/or note holders of medium term notes and term debt
- IMG/Custody: Monitoring interest and redemption monies, which may be due on the securities held as collateral.
- Proof & Control: Monitoring and resolving mismatch if any between Cash v/s. Obligation, Cash (Nostro) v/s. Treasury, Drawings v/s. Overdraft.
- Fee Billing: Processing all fees, reimbursements and out of pocket expenses, related to transaction based services offered to the clients.
- Security Holder Relation: Answering questions from, and providing information to the investors, bankers, brokers and others for whom our clients provide Trustee or Agency services.
