| basis point (bp) | 1/100 of one percent (0.01%). it is the unit of measurement used to describe fees or spreads in most loan transactions. |
| arranger | - A bank or other financial institution responsible for originating and syndicating a transaction. the arranger always has a senior role, is often also the agent and if required, usually underwr...
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| return on assets | - A broadly based accepted basis for lenders to measure the relative profitability of a commitment to lend money. the components of roa comprise margins, fees, including commitment fee if applic...
показатель рентабельности активов; |
| buy-in/sell-out | A buy-in/sell-out concept on secondary loan trades serves as a mechanism for enforcing delayed settlement compensation. |
| collateralised loan obligations (clo) | A cdo where the debt obligations are loans. |
| yank the bank | A clause in a loan agreement permitting the borrower(s) to buy out a lender who does not accept a waiver or amendment request to the loan agreement. |
| cross-over credit | A company rated investment grade by one credit rating agency and high yield by another. |
| delayed compensation | A component of pricing in the settlement of loan trades which do not close on a timely basis. delayed compensation is intended to place the parties in the approximate economic position on the actu... |
| utilisation fee | - A fee paid to the lender to increase its return on drawn assets. the payment is generally linked to the average utilisation of the facility exceeding a specified percentage or amount during a ...
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| front end fee (fef) | A fee, calculated as a percentage of the principal amount, which is payable once, generally at signing of the loan agreement or shortly thereafter. |
| leveraged loan | A loan that has higher levels of debt leverage when compared to an investment grade credit. various institutions may define a leveraged loan in different ways, although it is reasonably common to ... |
| club loan | A loan where a group of lenders agree to take and hold an asset at the outset of the transaction with no intention of reducing their commitments through subsequent syndication. |
| mandated lead arranger (mla) | A mandated bank at the highest level. the mla, or at least one mla in cases when there is more than one mla, will act as the bookrunner. |
| praecipium | - A portion of the front-end fee, calculated on the nominal amount of the loan and paid to the mla in recognition of the human resources and technical skills commitment required to conclude a su...
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| fixed rate bond | A security on which the coupon is paid at a fixed rate set at the beginning of the arrangement and applied for the whole life of the agreement. |
| floating rate bond or note (frn) | A security on which the coupon paid changes on every interest roll-date throughout the life of the debt in line with a reference rate - such as libor or euribor. |
| asset backed security (abs) | A security which is supported by assets such as mortgages, car loans, credit card receivables, owned by the issuer of the security and usually placed with a trustee. |
| commercial paper (cp) | A short term unsecured promise to repay a debt on a certain future date, usually written as a promissory note and sold at a discount. |
| withholding tax (wht) | A tax on interest or dividend payments, deductible at source. |
| accordion feature | A type of option that a borrower can have inserted into a syndicated credit agreement at the outset of the transaction which allows it to increase the principal under the credit agreement, subject... |
| leveraged buy out (lbo) | Acquisition of a company by a private firm where the ratio of the debt component of the financing in relation to the equity component is high. such financings often include mezzanine and/or 2nd li... |
| gross up | - Additional payments made by a borrower to compensate its lenders for withholding taxes or similar levies that reduce the amounts actually received by the lenders from the borrower.
- ...
пересчитывать чистый показатель; |
| rating agency | - Agencies which provide independently derived credit assessments on borrowers or on specific debt instruments issued by a borrower.
- Рейтинговое агентство
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| economic capital | Amount of capital required by banks to offset all expected potential losses. |
| clear market | An agreement by a borrower at the mandate stage of a syndicated loan not to engage in other public financings which could compete with the syndicated loan being arranged. |
| original issue discount (oid) | An amount by which the par value of a debt (usually a public security but also can be applicable to a leveraged loan) exceeds its offering price at the time of its original issuance. the original ... |
| monte carlo simulation | - An analytical technique in which a large number of simulations are run using random quantities for uncertain variables and looking at the distribution of results to infer which values are most...
монте-карло имитация; |
| commitment fee | - An annual percentage fee payable to a bank on the undrawn portion of a committed loan facility. typically paid quarterly in arrears.
- Комиссия за обязательство
коммисия за обязательство; oneri di mantenimento; комиссия за обязательство; |
| facility fee | - An annual percentage fee, payable by the borrower, pro-rata to banks providing a credit facility to that borrower - it is calculated on the full amount of the facility, whether or not the faci...
|
| cross default | An event of default under a loan agreement triggered by a default in the payment of, or the actual or potential acceleration of the repayment of, other financial indebtedness of the same borrower ... omissione incrociata; |
| intercreditor agreement | - An intercreditor agreement sets out the agreement between various financiers providing loans or credits to a borrower and reconciles their different interests. it deals with the commercial beh...
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| sub underwriter | An underwriter will sometimes sell down a portion of its underwriting commitment to a sub underwriter. |
| new york mercantile exchange (nymex) | Based in new york, nymex is the largest physical commodity futures exchange in the world, as well as a leading trading forum for energy and precious metals. |
| break funding | Break funding seeks to ensure that neither party to a secondary loan trade is disadvantaged as a result of movements in the underlying funding rate where the settlement date is not a loan rollover... |
| bba | British bankers association. |
| bvca | British venture capital association, the industry body for the uk private equity and venture capital industry. |
| chicago board of trade (cbot) | - Cbot was established in 1848 and is a leading futures and options exchange with over 3,600 members trading 50 different contracts in financial and agricultural products.
- The second ...
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| cagr | - Compound annual growth rate.
- See: compound annual growth rate
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| financial accounting standards board (fasb) | - Formed in 1973, fasb is the designated organization in the us private sector for establishing standards of financial accounting and reporting and for governing the preparation of financial rep...
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| international accounting standards board (iasb) | - Formed in 2001 to develop global accounting standards for use in the preparation of financial reports.
- The group that creates and issues the international financial reporting standa...
правление комитета по международным стандартам финансовой отчетности (правление кмсфо); правление комитета по международным стандартам; |
| basel i | Framework agreed in 1988 by the basel committee on banking supervision relating to supervisory regulations governing the capital adequacy of international banks. |
| amortisation | - Gradual repayment of a debt over time in a series of regular or irregular payments.
- Амортизационные отчисления
амортизация; |
| holdco | Holding company. |
| ring fence | - In lending terminology, when a specific company is made structurally bankrupt remote from the rest of the parent group. this may be applied for regulatory reasons (such as for uk electricity d...
|
| ifrs | - International financial reporting standards created by the iasb.
- See: international financial reporting standards
- International financial reporting standards (международн...
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| bank for international settlements (bis) | - International organisation which fosters cooperation among central banks and other agencies in pursuit of monetary and financial stability. its banking services are provided exclusively to cen...
банк международных расчетов (бмр); |
| axe sheet | Key details of a syndicated transaction, covering name of borrower, type of facility, term of facility and pricing details. |
| lcds | Loan credit default swaps. a product which is similar to cds but referenced against loans. this is a relatively new product and steps to standardise processes are being considered by market player... |
| mbo | - Management buy out, occurs where managers and/or employees of a business acquire control over all, or part, of the business.
- See: management buyout
- Management by objectiv...
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| m&a | Merger and acquisition. |
| npl | - Non-performing loan.
- Natural pivot length
- National priorities list
- The three-character iso 3166 country code for nepal.
- Non-patent literature (npl) ...
npl; noise pollution level; уровень шума; national priorities list for uncontrolled hazardous waste sites; national priorities list; |
| pik | - Payment in kind, typically does not provide for any cashflows from borrower to lender between the drawdown date and the maturity or refinancing date. pik interest accrues and capitalises perio...
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| prop-desk | Proprietary trading desk. |
| p2p | - Public to private.
- Peer-to-peer (p2p) refers to the decentralized interactions that happen between at least two parties in a highly interconnected network. p2p participants deal dir...
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| recap | - Recapitalisation.
- Recapitulation of the terms and conditions agreed
recapitulation of the terms and conditions agreed; перечисление согласованных сроков и условий; |
| raroc | Risk-adjusted return on capital. risk adjusted return on capital; |
| bookrunner | - The bank(s) appointed to run the books during the execution phase of syndication with responsibility for issuing invitations, disseminating information to interested banks and informing both t...
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| regulatory capital | The capital required to support a portfolio of assets derived by reference to the capital requirements set out in basel i or basel ii as applicable. |
| mezzanine finance | The capital structure layer of funding between common equity and secured borrowing, usually subordinated and sometimes may carry an equity warrant. mezzanine finance may also involve an element of... |
| generally accepted accounting principles (gaap) | - The common set of accounting principles, standards, and procedures that companies use to compile their financial statements and reports.
- The united states accounting standards estab...
общепринятые принципы бухгалтерского учета (опбу); общепринятые принципы бухгалтерского учета; общепринятые принципы бухгалтерского учета (гаап); |
| expected loss | The expected value of portfolio losses due to default over a specified time horizon. lenders set aside provisions to cover expected losses. ожидаемые убытки; ожидаемый убыток; |
| transfer fee | - The fee charged by an agent bank for transferring a portion of a loan from one lender of record to another lender of record.
- Сумма, которую выплачивают за перевод профессионального ...
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| extension fee | The fee charged when an existing committed facility is extended beyond the original maturity date. |
| financial services authority (fsa) | The fsa was established in 1997 and is primarily responsible for regulatory supervision of the financial sector in the uk. it is accountable to parliament via hm treasury. |
| coupon | - The interest which is paid on a bond.
- The contractual interest obligation a bond or debenture issuer covenants to pay to its debtholders.
- Процентная ставка, уплачиваемая ...
cedola; |
| reference obligations | The particular loans and/or bonds to which a cds is referenced to. |
| grace period | - The period between signing the loan agreement and the first repayment of principal. also, the period which may be allowed to the borrower to remedy an event of default.
- Льготный пер...
отсрочка первого платежа,; льготный период; periodo di tolleranza; |
| on the break | The point in time when a syndicated loan becomes free to trade. |
| out of the box | The pricing on a facility as notified to the market at the start of primary syndication. |
| securitisation | - The process whereby a portfolio of debt instruments is repackaged as a tradeable security.
- Секьюритизация
conversione in titoli; секьюритизация; |
| ramping | The ramping-up phase is the phase immediately following the issuance of cdo notes during which the process of buying the pool of debt assets backing the cdo is completed. |
| risk adjusted return on capital (raroc) | The return on capital on an asset portfolio after taking account of the risk weightings of each asset as determined by basel ii. |
| return on equity (roe) | - The return on capital on an asset portfolio based on the equity required to support the portfolio.
- Рентабельность собственного капитала
- Indicator of profitability. determ...
рентабельность собственного капитала; доходность собственного капитала; доход от акций, рентабельность собственного капитала; рентабельность капитала (roe); |
| return on investment (roi) | - The return on capital on an asset portfolio based on the sum invested in the portfolio.
- Generally, book income as a proportion of net book value.
- A financial calculation ...
доходность инвестирования; доходность инвестирования, доход на вложенный (инвестированный) капитал; возврат инвестиций (roi); |
| general syndication | The syndication stage following the underwriting of a facility leading to the final distribution of amounts among the lenders participating in the primary stage of a syndicated loan. |
| unexpected loss | The unexpected value of portfolio losses due to default over a specified time horizon (over and above expected losses). the lender retains capital to cover such losses. непредвиденный убыток; |
| agency fee | - This is an annual fee, calculated as a lump sum or per bank per annum, payable by the borrower to compensate the agent for the mechanical and operational work performed by that bank under the ...
агентское вознаграждение; |
