The committee that assesses the credit risk of making a Loan to a Borrower. The credit committee ultimately approves the terms on which a Loan is made to that Borrower and the Secu ...

A financial derivative product that transfers credit risk from one counterparty to another. 

Assessment of the creditworthiness of a Borrower in general terms or with respect to a particular debt or financial instrument, usually issued by an independent rating agency such ...

A Financial Covenant, the breach of which is an Event of Default.

Margin applied to a development loan for the period before practical completion.

An agreement entered into between the Secured Parties and an Asset Manager (AM) or Managing Agent (MA) in which the AM or the MA acknowledges the security over the relevant Pr ...

Daily reference interest rate for a given period published by the European Money Markets Institute based on the average interest rates at which Eurozone banks offer to lend unsecur ...

Amounts recovered from a Property Vendor or a report provider which do not have to be used in prepayment provided they are used for a particular purpose within a certain time.

The anticipated ratio of the principal amount of the loan to the value of the property as at the date of property disposal or repayment of the loan.

Covenants designed to test the financial strength and performance of the property and the Borrower during the life of the loan.