Schuldschein: Difference between revisions
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imported>Doug Williamson (Summarised from The Treasurer Oct 2008 pp24-25 by Charles Stephens, Commerzbank & email to DW from John Grout 08 Feb 2013) |
imported>Doug Williamson No edit summary |
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A loan instrument usually governed by German law. | A loan instrument usually governed by German law. | ||
Schuldschein is sometimes translated as 'certificate of indebtedness'. | Schuldschein is sometimes translated as 'certificate of indebtedness'. | ||
Schuldscheine are bilateral loans, privately placed, unlisted and unregistered. They are not securities as the debt is constituted by the underlying loan agreement, rather than by the certificate of indebtedness itself. | |||
Schuldscheine are bilateral loans, privately placed, unlisted and unregistered. | |||
They are not securities as the debt is constituted by the underlying loan agreement, rather than by the certificate of indebtedness itself. | |||
Historically the largest category of schuldschein issuers has been German public authorities, but the market is also tapped by corporate borrowers and financial institutions. | Historically the largest category of schuldschein issuers has been German public authorities, but the market is also tapped by corporate borrowers and financial institutions. | ||
Also known as Schuldscheindarlehen (SSD). | Also known as Schuldscheindarlehen (SSD). | ||
Revision as of 13:38, 25 March 2013
A loan instrument usually governed by German law.
Schuldschein is sometimes translated as 'certificate of indebtedness'.
Schuldscheine are bilateral loans, privately placed, unlisted and unregistered.
They are not securities as the debt is constituted by the underlying loan agreement, rather than by the certificate of indebtedness itself.
Historically the largest category of schuldschein issuers has been German public authorities, but the market is also tapped by corporate borrowers and financial institutions.
Also known as Schuldscheindarlehen (SSD).
