Derivatives · glossary
The loan's promise not to grant security beyond a small basket. The Collateral Annex passes cash outright and creates no security, so the negative pledge does not apply and nothing is registered. On other deals, check whether the clause also bans arrangements that work like security. FA Clause 18.2 · Chapter 10
Explained in Chapter 10, Collateral: the Annex and the Call, of Derivatives.
The main page for this term is Negative pledge, in Finance Deals & Syndicated Lending.
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of Derivatives and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
Related terms
Where this term lives
This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Derivatives → · All terms A–Z →