Several: Difference between revisions

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==See also==
==See also==
* [[Several liability]]
* [[Syndicate]]
* [[Syndicate]]
* [[Several]]


[[Category:Bank_Lending]]
[[Category:Long_term_funding]]
[[Category:Legal_Documentation]]
[[Category:Compliance_and_audit]]
[[Category:Regulation_and_Law]]
[[Category:Treasury_operations_infrastructure]]

Latest revision as of 23:42, 7 July 2021

A basis of making a commitment collectively, under which each member's commitment is limited to a proportionate share of the total commitment.


In relation to syndicated loans, each member of the lending syndicate acts on a several basis.

This means that if any lender fails to honour its obligations as a member of the syndicate, the other syndicate members have no legal duty to fulfil those obligations on the other lender's behalf. 


See also