It is increasingly common for transactions with complex calculations to involve an independent third-party calculation agent which is responsible for performing those independently and correctly. These can include capital market instruments like bonds with make-whole calls, bank capital, and convertible and exchangeable bonds, but also bilateral contracts like derivatives, and even employee compensation plans. This video looks at the role of the independent calculation agent, and how it is performed.
Key learning objectives:
What is a Calculation Agent?
What types of transactions benefit from the use of an independent calculation agent?
What are the key roles an independent calculation agent plays