Pricing grid: Difference between revisions
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imported>Doug Williamson (Delete erroneous reference to meaning the same as a Rating grid. Link with Rating grid page at the foot.) |
imported>Doug Williamson (Align with qualifications material CFF 4.2.2 page 8 Section 6.2.) |
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A clause in a loan document which links the pricing of the borrowing to the credit rating of the borrower. | A clause in a loan document which links the pricing of the borrowing to the credit rating of the borrower. | ||
Also known as a 'ratchet'. | |||
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* [[Rating grid]] | * [[Rating grid]] | ||
[[Category:Treasury_operations_infrastructure]] | [[Category:Treasury_operations_infrastructure]] | ||
Revision as of 16:34, 25 July 2015
A clause in a loan document which links the pricing of the borrowing to the credit rating of the borrower.
Also known as a 'ratchet'.
