# 3ABCDEFGHIJKLMNOPQRSTUVWYZ

Agent Bank

Bank appointed by members of a lending syndicate to protect lenders' interests during the life of a loan. It is typically paid an annual fee to administer the loan, which includes distributing interest payments to the bank group, updating lender lists and managing borrowings. For secured loans, particularly those backed by receivables and inventory, the agent often collects a collateral monitoring fee, to ensure the collateral is in place.