Several and Shadow bank: Difference between pages

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imported>Doug Williamson
m (Added 'Several liability' to see also 5/2/14)
 
imported>Doug Williamson
(Expand definition.)
 
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A basis of making a commitment collectively, under which each member's commitment is limited to a proportionate share of the total commitment.
A non-bank financial intermediary.  


That is to say, an institution in that part of the financial system that extends credit but is outside the regular banking sector and the scope of related regulation.


In relation to [[syndicated loan]]s, 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 ==


==See also==
* [[Bank]]
* [[Syndicate]]
* [[Bank supervision]]
* [[Several liability]]
* [[Credit]]
* [[Putting a limit on losses]]
* [[Regulation]]
* [[Shadow banking]]


[[Category:Long_term_funding]]
[[Category:Long_term_funding]]
[[Category:Treasury_operations_infrastructure]]
[[Category:Compliance_and_audit]]

Revision as of 21:28, 27 August 2019

A non-bank financial intermediary.

That is to say, an institution in that part of the financial system that extends credit but is outside the regular banking sector and the scope of related regulation.


See also