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Utilization

  • Sue Wright
Part of the Global Financial Markets book series (GFM)

Abstract

Clause 5.1 requires a drawdown notice to be given at a ‘Specified Time’. The precise period of time required for notice of drawdown depends on the currency, and on the market in which the loan is being funded, and is set out in a schedule. The drawdown must be made within the Availability Period. This prevents an open-ended commitment arising.

Keywords

Exchange Rate Credit Risk Base Currency Exchange Rate Risk Credit Facility 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Sue Wright 2014

Authors and Affiliations

  • Sue Wright

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