The Paying Agency Agreement is a critical document used in Canadian financial markets when an issuer needs to appoint a financial institution to manage payment distributions to security holders. This agreement is particularly relevant for debt securities, bond issuances, and other financial instruments where regular payments need to be processed and distributed. The document details the paying agent's duties, payment procedures, compliance requirements, and risk management protocols, while ensuring adherence to Canadian federal and provincial regulations. It's commonly used in conjunction with securities offerings, bond issuances, and structured finance transactions, providing a robust framework for payment administration and financial intermediary services. The agreement must comply with Canadian banking regulations, securities laws, and anti-money laundering legislation, making it essential for established financial institutions operating in Canada.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identifies the issuer, the paying agent, and any other relevant parties to the agreement
2. Background: Sets out the context of the agreement, including reference to any related securities or debt instruments
3. Definitions: Defines key terms used throughout the agreement
4. Appointment and Authority: Formal appointment of the paying agent and scope of authority
5. Duties of the Paying Agent: Detailed description of the paying agent's core responsibilities and obligations
6. Payment Procedures: Specific procedures for processing and distributing payments
7. Records and Reporting: Requirements for maintaining records and providing reports
8. Fees and Expenses: Details of compensation and reimbursement of expenses
9. Standard of Care: Establishes the required standard of care and performance
10. Compliance Requirements: Obligations regarding regulatory compliance, AML, and other applicable laws
11. Representations and Warranties: Standard representations and warranties from all parties
12. Liability and Indemnification: Limitations of liability and indemnification provisions
13. Term and Termination: Duration of the agreement and termination provisions
14. Confidentiality: Provisions regarding confidential information
15. General Provisions: Standard boilerplate clauses including notices, amendments, governing law, etc.
1. Additional Services: Details any additional services beyond basic paying agent duties, used when the agent provides extra services
2. Tax Matters: Specific provisions regarding tax withholding and reporting, included when relevant to the payment structure
3. Electronic Processing: Provisions for electronic payment processing and systems, included when electronic methods are used
4. Foreign Currency Provisions: Specific provisions for handling multiple currencies, included for cross-border payments
5. Sub-Agents: Provisions regarding the appointment and oversight of sub-agents, included when sub-agents may be needed
6. Force Majeure: Specific provisions for handling unforeseen events, included based on risk assessment
7. Business Continuity: Provisions regarding backup procedures and disaster recovery, included for critical payment services
1. Schedule A - Fee Schedule: Detailed breakdown of all fees and charges
2. Schedule B - Payment Procedures: Detailed operational procedures for processing payments
3. Schedule C - Form of Payment Notice: Standard form for payment notifications
4. Schedule D - Authorized Signatories: List of authorized signatories and signature specimens
5. Schedule E - Service Levels: Detailed service level requirements and metrics
6. Appendix 1 - Compliance Requirements: Detailed compliance procedures and requirements
7. Appendix 2 - Required Reports: Templates and specifications for required reports
Relevant legal definitions
Clauses
Relevant Industries
Financial Services
Banking
Capital Markets
Investment Management
Corporate Finance
Securities Services
Trust Services
Insurance
Real Estate Investment
Infrastructure Finance
Government and Public Sector
Relevant Teams
Legal
Finance
Treasury
Operations
Compliance
Risk Management
Corporate Services
Securities Operations
Payment Operations
Relationship Management
Trust Services
Account Management
Relevant Roles
Chief Financial Officer
Treasury Manager
Corporate Treasurer
Finance Director
Compliance Officer
Legal Counsel
Corporate Secretary
Operations Manager
Relationship Manager
Trust Officer
Payment Services Manager
Securities Operations Manager
Risk Manager
Account Manager
Financial Controller
Find the exact document you need
Instalment Payment Agreement
A Canadian-compliant agreement establishing structured payment terms between creditor and debtor for debt repayment through scheduled instalments.
find out more
Guaranty Of Payment Form
A Canadian law-governed document establishing a guarantor's commitment to fulfill payment obligations of a principal debtor to a creditor.
find out more
Enforceable Payment Agreement
A Canadian-law governed agreement that establishes legally enforceable payment obligations between parties, including payment terms, interest, and enforcement provisions.
find out more
Honorarium Agreement Letter
A Canadian legal document formalizing the payment of an honorarium for voluntary or professional services, ensuring compliance with federal and provincial regulations.
find out more
Partial Payment Agreement Letter
A legally binding document used in Canadian jurisdictions to formalize an agreement between creditor and debtor for partial payment of outstanding debt with specific payment terms and conditions.
find out more
Affidavit Of Payment Agreement
A Canadian legal document combining a sworn statement with payment terms, executed before a Commissioner of Oaths or Notary Public.
find out more
Contract Of Repayment
A Canadian-law governed agreement that establishes legally binding terms for debt repayment, including payment schedule, interest rates, and default provisions.
find out more
Down Payment Agreement Letter
A Canadian legal document that formalizes the terms and conditions of a down payment between parties in a property or asset purchase transaction.
find out more
Contra Payment Agreement Letter
A Canadian-law governed document establishing terms for the exchange of goods or services instead of monetary payment between two parties.
find out more
Paid In Full Agreement
A Canadian law-compliant agreement documenting the full settlement of a debt obligation for a reduced amount, including payment terms and mutual releases.
find out more
Agreement To Pay
A Canadian-law governed agreement that formalizes debt obligations and establishes legally binding payment terms between parties.
find out more
Interim Payment Agreement
A Canadian law-governed agreement establishing terms for interim payments between parties, including payment schedules, conditions, and documentation requirements.
find out more
Auto Payment Contract
Canadian-compliant Auto Payment Contract establishing terms for recurring automated payments, adhering to federal and provincial regulations.
find out more
Contract To Pay Back Money Owed
A Canadian legal agreement that documents debt repayment terms, including amount owed, payment schedule, and interest rates in compliance with federal and provincial regulations.
find out more
Payment Agreement For Services Rendered
A Canadian-law governed agreement that establishes payment terms and conditions between service providers and clients for services rendered.
find out more
Instalment Purchase Agreement
A Canadian law-governed agreement establishing terms for purchasing goods through installment payments, including payment schedules, security interests, and party obligations.
find out more
Fee Payment Agreement
A Canadian-law governed agreement establishing terms and conditions for fee payments between parties, including payment schedules, methods, and obligations.
find out more
Collection Payment Agreement Letter
A legally binding document used in Canadian jurisdictions that establishes terms and conditions for debt repayment between creditors and debtors.
find out more
Car Damage Payment Agreement
A Canadian legal agreement establishing payment terms and conditions for vehicle damage compensation between involved parties.
find out more
Accident Payment Agreement
A Canadian legal document establishing settlement terms and payment arrangements between parties following an accident or injury, subject to federal and provincial regulations.
find out more
Money Owed Contract Agreement
A Canadian-compliant legal agreement documenting debt obligations, payment terms, and enforcement provisions between creditors and debtors.
find out more
Payment Takeover Contract
A Canadian law agreement governing the transfer of payment obligations from one party to another, establishing terms and conditions for assumption of debt.
find out more
Contract For Repayment Of Money
A Canadian-law governed agreement that establishes legally binding terms for monetary debt repayment, including principal amount, interest rates, and payment schedules.
find out more
Loan Payment Agreement
A Canadian-compliant agreement establishing loan repayment terms between lender and borrower, including principal, interest, and payment schedule details.
find out more
Recurring Payment Agreement
Canadian-compliant agreement establishing terms for automated recurring payment arrangements between service providers and customers.
find out more
Rental Agreement Advance Payment
Canadian-law governed rental agreement specifying terms for advance rent payment, including payment application structure and tenant-landlord obligations.
find out more
Pay Off Agreement
A Canadian-compliant legal agreement that establishes terms for settling an outstanding debt, typically for less than the original amount owed.
find out more
Pay Back Contract
A Canadian-law governed agreement that establishes legally binding terms for debt repayment between a lender and borrower, including principal, interest, and payment schedule.
find out more
Partial Payment Agreement For Lot
A Canadian legal agreement establishing terms for purchasing a lot through installment payments, ensuring compliance with federal and provincial real estate laws.
find out more
Partial Payment Agreement For House And Lot
A Canadian legal agreement establishing terms for purchasing property through scheduled partial payments, compliant with federal and provincial real estate regulations.
find out more
Non Payment Agreement
A Canadian-law governed agreement establishing terms for temporary suspension of payment obligations while preserving creditor rights.
find out more
Lot Payment Agreement
A Canadian legal agreement establishing terms for purchasing a lot through structured payments, including payment schedule and title transfer conditions.
find out more
Land Payment Agreement Letter
A Canadian legal document establishing payment terms and conditions for land transactions, subject to federal and provincial property laws.
find out more
Install Agreement
A Canadian-law governed agreement establishing terms and conditions for installation services, including technical specifications, safety requirements, and warranty provisions.
find out more
Final Payment Agreement
A Canadian law-governed agreement that formalizes the terms and conditions of a final payment to settle an outstanding debt or obligation.
find out more
Employee Repayment Agreement Letter
A Canadian jurisdiction document that formalizes an employee's agreement to repay specific funds to their employer, including payment terms and conditions.
find out more
Down Payment Contract
A Canadian legal agreement establishing the terms and conditions for a down payment in a purchase transaction, governed by federal and provincial laws.
find out more
Delayed Payment Agreement
A Canadian legal agreement that restructures existing payment obligations between parties, establishing new payment terms while ensuring compliance with federal and provincial regulations.
find out more
Commitment Letter To Pay Debt
A Canadian legal document establishing a debtor's formal commitment to repay a specified debt amount under defined terms and conditions.
find out more
Car Payment Takeover Agreement
A Canadian legal agreement facilitating the transfer of vehicle financing obligations from an original borrower to a new borrower, ensuring compliance with federal and provincial regulations.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)