Asset-backed securities (ABS)
A security issued as part of a securitisation, which is backed by a portfolio assets, which may or may not be income generating.
A security issued as part of a securitisation, which is backed by a portfolio assets, which may or may not be income generating.
Typically an assignment is an agreement to transfer all of the rights (but not the obligations) under a contract to a new lender evidenced by an assignment agreement. The specific ...
The LTV point at which the Senior loan ends and Junior loan starts, for example 55% LTV would typically be the detachment point of a senior loan and the attachment point at which t ...
Document that outlines key sustainability attributes and risks of a borrower/sponsor.
Data that reflects the sustainability performance of a borroweror sponsor and can include, but is not limited to, a corporate ESG rating and benchmarking scheme such as CDP or GRES ...
The cost payable by a borrowerfor early repayment of all or a portion of a loan as outlined in the break clause of the loan agreement.
A facility where the repayment (principal or principal and interest) is made in one amount on the final maturity date of the loan agreement.
The right to redirect cash from an underlying asset to meet debt service obligations where the borrower is unable to fulfil its debt service obligations.
A security which is backed by a portfolio of mortgages secured against commercial properties.
Conditions which cannot be satisfied prior to entering into a loan and which have to be satisfied within a certain period of time following entry into the loan. Failure to satisfy ...