Finance Deals & Syndicated Lending · glossary
A private contract by which a lender passes the risk of its share to someone else while staying the lender of record. The borrower is not asked, and the lender keeps the vote. Clause 20.4 · Chapter 12
Explained in Chapter 12, Transfers and the Secondary Market, of Finance Deals & Syndicated Lending.
A sub-participation is a private contract between a lender and a third party, the participant. The money flows of the loan pass to the participant, but the loan itself stays with the lender.Read Chapter 12, Transfers and the Secondary Market →
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