Q&As

Is it possible to put a security trustee arrangement in place for a sole lender?

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Published on LexisPSL on 06/02/2018

The following Banking & Finance Q&A provides comprehensive and up to date legal information covering:

  • Is it possible to put a security trustee arrangement in place for a sole lender?

A security trustee will normally be appointed on a syndicated transaction to hold security on behalf of all the lenders from time to time. This avoids the need for security to be granted separately to each of the creditors, which can be expensive and time consuming.

The borrower will execute the security in favour of the security trustee. The specific duties and functions of the security trustee will be set out in detail in the security trust prov

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