This Practice Note explains the features of three common types of loan facility:•overdrafts•term loans, and•revolving credit facilities (RCFs)It also...
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’...
Subordination is a way of changing the priority of claims against a debtor so that one creditor or group of creditors (the junior creditor(s)) agree...
The key feature of a floating charge is that, until it crystallises, the chargor is entitled to deal with the charged assets in the normal course of...
Coronavirus (COVID-19): The ICC has issued a guidance paper on the impact of COVID-19 on trade finance transactions issued subject to ICC rules. For...
This Practice Note considers the costs that a lender operating in the interbank market will incur when providing funding to a borrower and the steps...
Legal opinions are one of the key documentary conditions precedent in loan transactions. The legal opinion is a letter which sets out opinions as to...
Documents for a typical project finance transaction can be split into three broad categories:•finance documents—the finance documents govern the debt...
This Practice Note considers the various Islamic or Shari’ah compliant structures typically seen in project financings and looks at the documentation...
Projects involving the development of a new asset or facility (known as 'greenfield' projects) are generally split into two phases: construction and...
For project finance lenders, understanding the financial health of a project is critical. In a typical project finance transaction, the project is the...
ARCHIVED: This Practice Note has been archived and is not updated. It is for background information only.IntroductionDespite its name, the provisions...
Most projects are underpinned by a complex web of contractual relationships between all the parties involved in the project (eg the project company,...
Project finance is a flexible financing technique (see Practice Note: Introduction to project finance).It can be used to finance almost any asset as...
Documents for a typical project finance transaction can be split into three broad categories:•finance documents—the finance documents govern the debt...
ARCHIVED: This Practice Note has been archived and is not maintained.It is an archived document setting out the timeline of reforms to the EU public...