A calculation agent is a person or entity that is responsible for calculating the payments that are due to investors in a
securitisation. The calculation agent typically has a number of responsibilities, including:
- Calculating the
interest payments that are due to investors
- Calculating the
principal payments that are due to investors
- Calculating the amount of principal that is available for distribution to investors
- Keeping records of all payments that are made to investors
- Communicating with investors about payments
The calculation agent is typically appointed by the issuer of the securitisation. The calculation agent is typically a bank or other financial institution that has experience in securitisations.