Security agent: Difference between revisions
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imported>Doug Williamson (Create page - source - The ACT Borrower’s Guide to the LMA’s Investment Grade Agreements - 2022 - p116.) |
imported>Doug Williamson (Classify page.) |
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* [https://www.treasurers.org/best-practice/borrowers-guide-LMA-investment-grade-agreements The ACT Borrower’s Guide to the LMA’s Investment Grade Agreements - 2022 - p116] | * [https://www.treasurers.org/best-practice/borrowers-guide-LMA-investment-grade-agreements The ACT Borrower’s Guide to the LMA’s Investment Grade Agreements - 2022 - p116] | ||
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Latest revision as of 13:19, 16 March 2023
Borrowing and lending - documentation - security - secured syndicated lending.
In secured lending, a security agent is an agent that holds security assets on behalf of a lender, or a syndicate of lenders.
- More parties in loan agreements
- "Additional parties may need to be added [to facility agreements] in practice depending on the nature of the facilities, for example:
- Secured syndicated facilities, for example, require the appointment of a security agent to hold the security assets on behalf of the Lenders.
- Sustainability-linked Loans may involve the appointment of a Sustainability Co-ordinator which (if its role extends beyond signing) will also be a party to the agreement."
- The ACT Borrower’s Guide to the LMA’s Investment Grade Agreements - 2022 - p116.
See also
- Agent
- Arranger
- Default
- Defaulting lender
- Documentation
- Facility
- Facility agent
- Finance party
- Impaired agent
- Investment grade
- Lehman provisions
- Loan agreement
- Loan Market Association (LMA)
- Party
- Secured debt
- Security
- Sustainability co-ordinator
- Sustainability linked loan (SLL)
- Syndicated loan