Bridge
1. Finance - facilities.
Abbreviation for bridge financing or bridge facility.
A bridge is a loan or facility that is expected to be used on an interim basis only.
- Successful demerger - GSK/Haleon
- "The separation and demerger of Haleon from GSK was a multi-faceted transaction that demanded deep involvement from both treasury teams, on both a strategic and operational level...
- The many tasks the teams had to achieve, to a strict timetable, included... setting up term loans ($1.5bn) and a bridge to DCM for Haleon ($10bn)."
- The Treasurer online, 4 April 2023 - ACT Deals of the Year 2022: Large team of the year.
2. Finance - pensions.
Any other financial structure expected to be used on an interim basis only, or that can be used to reach a wanted further development.
For example, in pensions risk management, a bridge to buy-out.
3. Cooperation - communication.
A forum or facility to enable communication and collaboration.
For example, the Association for Financial Markets in Europe (AFME) aims to act as a bridge between market participants and policy makers.
4. Verb.
To create such a forum, facility or measure designed to enable communication and collaboration.
For example, the Return on Sustainability Investment measure is designed to bridge the gap between sustainability strategies and financial performance.