The following Banking & Finance practice note provides comprehensive and up to date legal information covering:
The nominal value of a security rather than its market value
The financial institution that acts as administrative agent for the syndicate in a syndicated facility. The facility agent is responsible for administering payments to the lenders and liaising directly with the borrower on behalf of the lenders in such matters as amendments and waivers
The finance parties
Financial Conduct Authority which succeeded the FSA and is responsible for ensuring the relevant markets function well, for the conduct supervision of firms not supervised by the Prudential Regulation Authority, protecting consumers and promoting competition
Futures Industry Association, the leading trade organisation for the futures, options and cleared swaps markets worldwide
FIA—latest news on documentation
Typically refers to all the documents that make up the terms of the financing arrangement between the borrower and lender(s). The term is normally defined in the facility agreement and generally includes the facility agreement, security documents, certain side letters to which a finance party is party and intercreditor agreements or deeds of priority
Typically refers to the lenders, facility agent, arranger, security agent on a syndicated facility agreement, though there may be other finance parties
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This Practice Note discusses the common law doctrine of privity of contract; the equitable and statutory exceptions to it; how the doctrine affects enforcing a contract against a third party and what happens when, notwithstanding the lack of privity, a contract has an indirect effect on a third
This Practice Note looks at CE-File electronic working in the courts under CPR PD 51O, in the context of case management. It provides guidance on how to file a document electronically, deal with rejected electronic filings, issue a claim electronically, file electronic bundles (eBundles) for case
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