S&CL Terminology

1234567891011121314151617
Across
  1. 1. The process whereby a Borrower receives funds from the Lender in response to a Loan request. This process may be specifically regulated as part of an overall Credit Agreement or may simply be handled in accordance with the Bank's established policy.
  2. 4. Request for funds against an established line of credit.
  3. 7. Process in which the Agent Bank can ask for the money back from the Borrower if a Lender in the Deal does not send in their share of a borrowing and we have already given it to the Borrower, or from the Lender if we pay them, and the Borrower does not send in the money for the payment.
  4. 9. Legal entity authorized under a Credit Agreement to request an advance of funds, issuance of a Letter of Credit, or Bankers Acceptance.
  5. 10. A revision to the terms (financial or otherwise) of a Credit Agreement, typically requested by a Borrower.
  6. 11. Loan IQ account used to wire funds internally.
  7. 13. The process whereby a match-funded loan is renewed for an additional period and (probably) assigned a new cost of funds rate.
  8. 15. Refers to scheduling Principal payments in such a manner so that upon Maturity, the Principal owed equals zero.
  9. 16. A committed (or uncommitted) credit line that is available to the Borrower based on a Credit Agreement.
  10. 17. A line of credit for very short term working capital needs made available to the Borrower(s) by the Agent Bank in connection with a working capital Revolving Credit Facility.
Down
  1. 2. The formal decision to change the Maturity Date of a Commitment to a date in the future, thus allowing the Client to continue borrowing.
  2. 3. A limit within a Facility to restrict or accommodate certain types of activity.
  3. 5. Funds lent for consideration under contract from one legal entity to another at some rate of interest with some maturity.
  4. 6. A typically long term commitment by the Bank to extend a maximum amount of credit to the Borrower(s) for a specified period of time under the terms and conditions set forth under a Credit Agreement.
  5. 7. Changing a Loan from one pricing structure to another: example, from LIBOR to Base Rate, Base Rate to LIBOR, or LIBOR to LIBOR.
  6. 8. The company or individual who will either be paid when complying with the terms and conditions of the Letter of Credit or will benefit if the account party defaults under the terms of the agreement.
  7. 12. The Spread between the cost of funds rate (or Base Rate) and the effective rate (All-In-Rate) charged to the Borrower.
  8. 14. The method by which Interest will be calculated on a Loan. For example, on a monthly basis.
  9. 16. Loan IQ account used to wire funds externally.