Finance Deals & Syndicated Lending · glossary

Transfer Certificate

The short form that completes a novation. The selling and buying lenders sign it, and the Agent signs for everyone else. On the transfer date the buyer steps in and the seller is released. Definition: Transfer Certificate · Chapter 12

Explained in Chapter 12, Transfers and the Secondary Market, of Finance Deals & Syndicated Lending.

How it comes up, in Chapter 12
The market's answer is consent given in advance. By signing the agreement, every party agreed to each future novation made under clause 20. A short form scheduled to the agreement completes each one: the Transfer Certificate (Schedule 4). The seller and the buyer sign it and deliver it to the Agent, which signs it for everyone else.
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As defined in the training facility agreement
a certificate substantially in the form set out in Schedule 4, or any other form agreed between the Agent and the Company;
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Where this term lives

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