Swingline Facility
A swingline facility is a very short-term loan (generally no longer than 5 business days), typically provided by a subset of RCF lenders which permits amounts to be borrowed, often on the same-day that a utilisation request is made. …
SWIFT codes
Swift Code is a code that helps overseas banks identify which bank to send money to. …
Security Agent
If a syndicated loan is provided on a secured basis, a lender from the syndicate will usually be appointed as a security agent. The security agent will hold the security on trust for the benefit of all the lenders and any other …
Secondary Loan Market
Refers to the sale and distribution of syndicated loans by lenders in the original syndicate or by subsequent purchasers of the loan. …