Sweetheart deal and Swing line facility: Difference between pages

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1. ''Tax''.
A short term facility providing same day availability of funds, pending the arrival of funds from a normal two business day notice facility (which will provide longer term funds).


A tax arrangement which is unusually favourable for the taxpayer.
Used for example as a back-stop facility to commercial paper, or to fund same day value margin calls (for example on exchange traded derivatives contracts).




2. ''Tax''.


The settlement of a tax dispute on terms which are unusually favourable for the taxpayer.
==See also==
*[[Backstop facility]]
*[[Bridge facility]]
*[[Commercial paper]]
* [[Facility]]
*[[Line]]


 
[[Category:Long_term_funding]]
3.
[[Category:Financial_products_and_markets]]
 
[[Category:Liquidity_management]]
Any contract or arrangement on terms which are unusually favourable for one party.
 
Depending on the context, some sweetheart deals may be illegal or unenforceable.
 
The use of the term implies unfairness toward others who were not part of the sweetheart deal.
 
 
== See also ==
* [[Arm’s length principle]]
* [[Base erosion and profit shifting]]
* [[Contract]]
* [[Single Market]]
* [[Tax avoidance]]
* [[Tax evasion]]
 
[[Category:Accounting,_tax_and_regulation]]

Latest revision as of 12:54, 6 July 2022

A short term facility providing same day availability of funds, pending the arrival of funds from a normal two business day notice facility (which will provide longer term funds).

Used for example as a back-stop facility to commercial paper, or to fund same day value margin calls (for example on exchange traded derivatives contracts).


See also

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