Practice area · 4 editions
How companies borrow serious money from banks, and how they hedge the risks that come with the loan.
Banking and finance work is document-heavy from the first day. Juniors run conditions precedent checklists, compare agreed forms, and follow drawdowns, interest periods and compliance certificates through their dates. The documents are long, but they follow a pattern that becomes readable once you have been through one properly.
The editions here take financing documents apart one at a time. The first follows a syndicated facility from mandate letter to drawdown. The second follows an interest-rate swap over a floating-rate loan, through the master agreement, collateral and close-out. Neither needs any maths beyond a percentage.
Where to start
How a company borrows serious money from a syndicate of banks — the market-standard architecture, from mandate letter to drawdown. Built around a fictional €40m facility, raised by a listed payments group to buy another company, with a complete training facility agreement.
€39Over-the-counter hedging from trade date to close-out — swaps, caps, the master agreement, collateral and early termination, read from one company's hedge sheet — no pricing models. Built around one fictional interest-rate swap over a floating-rate loan, with a complete training master agreement.
€39How a crypto-asset exchange is licensed in the EU and lives under the licence — MiCA, DORA and the Travel Rule in plain English. Compact: ten chapters built on one fictional Dublin exchange, with its full compliance binder attached.
€39How a bank takes security over a company's land, machines, shares, receivables and insurances — fixed and floating charges, registration, the guarantor and enforcement. Compact: ten chapters built on one fictional secured loan, with the full training debenture attached.
Other practice areas: Corporate & M&A · Crypto & Fintech · the whole library