Issuing & Paying Agent
Also written IPA · Issuing & Paying Agent (IPA)
The agent in a Commercial Paper issue who, on the date of allotment, provides the IPA certificate and shares the file of investor details and quantities for crediting demat accounts.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
- Call optionA contract giving its buyer the right, but never the obligation, to buy the underlying at a fixed strike price — so the loss is capped at the premium and the gain is not.
- Put optionA contract giving its buyer the right, but never the obligation, to sell the underlying at a fixed strike price — insurance against a fall, bought for a premium.
- Tripartite agreementThe agreement signed by the depository, the issuer and the issuer's R&T Agent before that issuer's securities can be admitted for dematerialisation — it is the contract that makes a scrip demat-eligible.
Where this is taught
Free preparation for NISM Series VI← All terms