Development of the Loan Market Association (LMA) documentationThe project to develop the LMA investment grade documents began in 1998 as a response to...
This Practice Note covers the typical structure of facility agreements and the key terms and provisions that will be included. It examines the process...
This Practice Note explains the features of three common types of loan facility:•overdrafts•term loans, and•revolving credit facilities (RCFs)It also...
Assignments by way of security can take different forms and it is important to understand how they are created and their effect. Security over choses...
In many commercial finance transactions, lenders expect to be given some form of credit support to increase their confidence in being able to recover...
Back officeAdministrative departments in a bank which are involved in activities such as settlement and accountsBack to back transactionA transaction...
Debt pushdownWhere debt held by a holding company is repaid by the holding company and re-borrowed by a subsidiary (normally this is notional and done...
Capitalisation of interestWhere interest is added to the principal amount of a loan to be paid at the same time as the principal. This contrasts with...
RatingThe assessment given to debt obligations and/or to borrowers by debt rating agencies based on their ability to repay their debtsRating agencyA...
HaircutA term referring to the reduction in value of an asset or the cash flow received from it. This is usually expressed in percentage terms.Hedge...
Sale and leasebackA transaction where the seller sells real property to the purchaser who then leases it back to the sellerLexis®PSL resourcesSale and...
ACTAssociation of Corporate Treasurers.ACT websiteAdministrationAdministration is a procedure under the Insolvency Act 1986 under which a company in...
Yank the bankA provision in a facility agreement enabling the borrower to replace a lender if it fails to agree to a borrower request for a consent,...
Sign-in
Help
In-house
