Letter of comfort: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (ACT Website link added 1/10/13 & spelling correction in definition) |
(Layout.) |
||
(4 intermediate revisions by 2 users not shown) | |||
Line 2: | Line 2: | ||
== | == See also == | ||
* [[Letter of awareness]] | |||
* [[Parent company]] | |||
==Other resource== | |||
*[http://www.treasurers.org/lettersofcomfort A Practical Guide to Letters of Comfort, ACT briefing note September 2013] | |||
[[Category:Long_term_funding]] | |||
[[Category:Manage_risks]] | |||
Latest revision as of 04:27, 8 February 2024
A formal letter written to a lender, normally by a parent company, indicating a willingness by the parent to accept some responsibility to honour the borrowing obligations of, or to otherwise support, a subsidiary or associated company, but without necessarily constituting a legal obligation to do so.
See also