A fiscal agent, fiscal sponsor, or financial agent is a proxy that manages fiscal matters on behalf of another party. A fiscal agent may assist in the redemption of bonds or coupons at maturity, disbursing dividends, and handling tax issues. For example, the United States Federal Reserve is the fiscal agent of the federal government of the United States.
Occurs when buy and sell orders from the same counterparty are matched by the trading mechanism of an electronic exchange. While this can occur inadvertently due to price moves and stale orders, it is usually banned by market rules and viewed by regulators and surveillance watchdogs as an example of uneconomic trading.
“Customs” means the Government Service which is responsible for the administration of Customs law and the collection of duties and taxes and which also has the responsibility for the application of other laws and regulations relating to the importation, exportation, movement or storage of goods.