Several: Difference between revisions
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imported>Doug Williamson No edit summary |
imported>Doug Williamson m (Added 'Several liability' to see also 5/2/14) |
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==See also== | ==See also== | ||
* [[Syndicate]] | * [[Syndicate]] | ||
* [[Several liability]] | |||
[[Category: | [[Category:Long_term_funding]] | ||
[[Category: | [[Category:Treasury_operations_infrastructure]] | ||
[[Category: | [[Category:Compliance_and_audit]] | ||
Revision as of 15:26, 5 February 2014
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.
