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. …

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 …

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. …

A committed facility, which may or may not be secured, the provides a specific amount of money with a specified repayment schedule. It is typically used when a company requires long-term financing for a specific project/purchase. …

Tenor refers to the length of time remaining until the loan is due to be repaid. …