Participation: Difference between revisions
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imported>Doug Williamson (Expand to incorporate Novation and Assignment. Source: ACT CFF 5.3.1 Documentation page 16.) |
imported>Doug Williamson (Spacing.) |
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''Bank lending'' | ''Bank lending'' | ||
'''1.''' | '''1.''' | ||
The same as [[sub-participation]]. | The same as [[sub-participation]]. | ||
'''2.''' | '''2.''' | ||
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A lender's interest in part of a loan investment acquired by way of [[novation]], [[assignment]] or sub-participation, rather than by advancing money directly to the borrower. | A lender's interest in part of a loan investment acquired by way of [[novation]], [[assignment]] or sub-participation, rather than by advancing money directly to the borrower. | ||
[[Category: | [[Category:Long_term_funding]] | ||
Revision as of 17:22, 8 November 2013
Bank lending
1.
The same as sub-participation.
2.
A lender's interest in part of a loan investment acquired by way of novation, assignment or sub-participation, rather than by advancing money directly to the borrower.
