This Practice Note is intended as an introductory guide to acquisition finance for those with no, or limited knowledge of the area. It explains: • what acquisition...
One of the features used to categorise loans is the number of lenders involved. A loan involving one lender is known as a 'bilateral loan'. A loan involving more than one...
BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be treated by the EU as a...
What is film finance? Films are expensive to make and costs arise during filming and marketing before proceeds are generated from screenings. Film finance is the area of...
What is a forward start facility? A forward start facility (FSF) is a syndicated facility under which lenders which have already provided funding to a borrower under a...
What is microfinance? The Consultative Group to Assist the Poor (CGAP) defines 'microfinance' as 'the supply of loans, savings and other basic financial services to the...
What is asset finance? Asset finance is a method of providing financing for the purchase of particular tangible movable assets. The structure of the financing used will...
What is a 'capital call facility'? A capital call facility is a form of finance provided by a lender to a fund and typically secured against investors’ undrawn...
This Practice Note provides an introduction to project finance. It explains: • the concept of project finance, including the nature of typical projects, the key parties...
What are the key features of real estate finance? This Practice Note focuses on what is thought of as traditional real estate finance ie lending against the cash flow...
Introduction What is trade finance? The term 'trade finance' is used to cover a number of different forms of financing and methods of payment, from secured syndicated...
Introduction In response to initiatives of European governments to introduce a Pan-European Private Placement (PEPP) market, the Loan Market Association (LMA) has...
The difference between bilateral and syndicated loans A bilateral loan involves a borrower (and sometimes other companies in the borrower's group as guarantors and/or...
Shari’ah compliant or Islamic finance is a form of financing based on principles of and prohibitions under Shari’ah or Islamic law. These principles and prohibitions are...
What is 'fund finance'? The term 'fund finance' is used to cover a broad spectrum of debt financing arrangements but principally refers to: • equity bridge facilities (or...
A lending transaction is simply the making of a loan of money by a lender to a borrower. This can range from a small overdraft from a bank to a customer to secured,...
This Practice Note explains the features of three common types of loan facility: • overdrafts • term loans, and • revolving credit facilities (RCFs) It also considers the...
BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be treated by the EU as a...
A lender's primary concern is that it is repaid. If a borrower becomes insolvent, the lender may have to share the borrower's available assets with other creditors and...
What is it? Structured trade finance or structured commodity finance transactions are generally loan facilities under which funds are applied to produce, store,...