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| 1.
| | The registration and administration of securities and financial instruments on behalf of investors. |
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| A committed borrowing facility is one in which the potential lender - for example a bank - is legally obliged to provide the funds when required to do so by the borrower (subject to the borrower complying with the terms of the related facility agreement).
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| A commitment fee will normally be charged to the borrower on any undrawn part of the facility.
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| An alternative basis of charging commitment fees is on the basis of the whole of the facility (whether or not it is drawn down). This is of course a more favourable basis for the lender.
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| 2.
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| A committed risk is one relating to a contractual or commercial commitment.
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| == See also == | | == See also == |
| * [[Commitment fee]] | | * [[Agent bank]] |
| * [[Committed risk]] | | * [[American depository receipt ]] |
| * [[Standby credit facility]]
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| * [[Uncommitted]]
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| * [[An introduction to loan finance]]
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| [[Category:Long_term_funding]]
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Revision as of 15:42, 17 June 2016
The registration and administration of securities and financial instruments on behalf of investors.
See also
