The law of multi-bank financing : syndications and participations /

The book includes chapters on what multi-bank financing is and who does it, relevant areas of law (including contract, torts, insolvency, tax, and statutes, such as the Bank Act), the mechanics of arranging loan syndications and loan participations, financial accommodation used (direct loans, bank g...

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Bibliographic Details
Main Author: Mugasha, A. (Agasha), 1962-
Format: Electronic eBook
Language:English
Published: Montreal [Que.] : McGill-Queen's University Press, 1997.
Subjects:
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Table of Contents:
  • Contents
  • Cases
  • Statutes
  • Figures
  • Preface
  • Acknowledgments
  • Abbreviations
  • 1 Multi-bank Financing: What It Is and Is Not
  • INTRODUCTION
  • MULTI-BANK FINANCING
  • Basic Transactions
  • Complex Transactions
  • MULTI-BANK FINANCING CONTRASTED WITH SIMILAR FINANCING TECHNIQUES
  • Introduction
  • Multi-bank Financing Contrasted with Syndications and Participations (Debt v Equity)
  • Multi-bank Financing Contrasted with International Bonds
  • Multi-bank Financing Contrasted with Securitization
  • Multi-bank Financing Contrasted with Commercial Paper ProgramsMulti-bank Financing Contrasted with Note Issuance Facilities
  • Multi-bank Financing Contrasted with Unit Trusts
  • Multi-bank Financing Contrasted with Broadly Syndicated Loans
  • CONCLUSION
  • 2 Multi-bank Financing: Who Uses It, Where, and Why
  • INTRODUCTION
  • THE PARTIES: WHO USES MULTI-BANK FINANCING?
  • Borrowers
  • The Lenders
  • COMPONENTS OF THE FINANCIAL MARKET: WHERE MULTI-BANK FINANCING OCCURS
  • Domestic Market
  • Foreign Market
  • Eurocurrency/International Financial Market
  • THE RATIONALE: WHY PARTIES USE MULTI-BANK FINANCINGThe Borrower
  • The Banks
  • CONCLUSION
  • 3 Overview of Relevant Areas of Law
  • INTRODUCTION
  • CHOICE OF LAW
  • RELEVANT GENERAL PRINCIPLES OF LAW
  • Introduction
  • Set-off
  • Insolvency
  • Methods of Transferring or Co-owning Property
  • CONCLUSION
  • 4 The Mechanics of Arranging Loan Syndications and Loan Participations
  • INTRODUCTION
  • THE MECHANICS OF ARRANGING LOAN SYNDICATIONS
  • Sourcing the Loan
  • Structuring the Loan
  • Selling the Loan
  • THE MECHANICS OF ARRANGING LOAN PARTICIPATIONSLoan Participation Procedures
  • Liability Arising from the Selling Process
  • CONCLUSION
  • 5 The Financial Accommodation Facilities Used in Loan Syndications and Loan Participations
  • INTRODUCTION
  • DIRECT LOANS
  • Money Loans
  • Overdraft Facilities
  • COMMERCIAL LETTERS OF CREDIT
  • Overview of Letters of Credit
  • Syndications of Letters of Credit
  • Participations of Letters of Credit
  • BANK GUARANTEES
  • Introduction
  • Syndications of Bank Guarantees
  • Syndications of Direct Pay Standby Letters of CreditParticipations of Bank Guarantees
  • BANKERS' ACCEPTANCES
  • Bankers' Acceptances as a Funding Facility
  • Syndications of Bankers' Acceptances
  • Participations in Bankers' Acceptances
  • CONCLUSION
  • 6 Legal Relations Between the Parties in Loan Syndications
  • INTRODUCTION
  • CONTRACTUAL PROVISIONS IN A SYNDICATED LOAN AGREEMENT
  • Definitions
  • Amount and Availability of the Credit
  • Payment, Repayment, and Prepayment
  • Security, Guaranty, and Insurance
  • Conditions Precedent