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...
In many commercial finance transactions, lenders expect to be given some form of credit support to increase their confidence in being able to recover...
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...
What is a borrowing base facility?Borrowing base facilities ('BB Facilities') are a type of trade finance. They are working capital credit facilities...
In short, no, a comfort letter is not the same as a properly drafted guarantee.Comfort letters are sometimes given as 'alternatives' to guarantees or...
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