Trans-European Automated Real-time Gross Settlement Express Transfer System (TARGET2)
The RTGS system for the Eurozone and the settlement system for cross-border payments in euros. Its use is mandatory for the settlement of any operations involving the Eurosystem. …
Termed-out
There is usually an option that allows the borrower to convert utilisations under the RCF into a term loan. After such an option has been exercised the relevant RCF is referred to as having been termed-out. This is usually subject to giving …
Term Sheet
The term sheet summarises the commercial terms of the proposed financing, i.e. the terms on which the lenders are willing to lend to a borrower, and is used as a basis for further negociations and the first draft of the loan agreement. …