Document background
The Issuing and Paying Agency Agreement (IPAA) is a crucial document in Singapore's debt capital markets, used when an entity plans to issue debt securities or similar financial instruments requiring ongoing administration. It establishes the framework for appointing a financial institution to manage the issuance process, handle payments, and maintain records. The agreement must comply with Singapore's regulatory requirements, including MAS guidelines and the Securities and Futures Act. The IPAA typically forms part of a larger suite of documentation for debt issuance programs, detailing specific responsibilities, operational procedures, and compliance obligations for all parties involved.
