CAS stands for Credit Adjustment Spread. This is a concept from loan land that becomes relevant when the interest rate benchmark on a floating rate loan is changed.

An MFN provision is a contract clause that ensures equal treatment. You could also refer to it as a “non-discrimination clause.” In leveraged finance, MFN provisions are most relevant in the context of the incurrence of incremental debt.

The answer is no. Curiously, however, there are notes outstanding directly linked to Belize’s Blue Loan.

An Example for Private Climate Finance and Risk Redistribution in the Global South

Why did Russia try to avoid a sovereign default in the first place.

The history of the exemptions to the US registration requirements for foreign broker dealers connects to how the US has tried to manage its balance of payments deficit.

Unless we start thinking about solvency issues, we will be stuck in a liquidity trap, which means that we will not only have to maintain but increase official sector liquidity provision and we will achieve very little with it.

Due to the C-19 crisis the volume of NPLs in the Eurozone will soon increase. A policy debate has ensued on how to address the rising volume of NPLs.

The BIS explains why the Fed supports the high yield market in the US.

An RCF is an overdraft facility or, put differently, the credit card of a company, i.e. a line of credit that was previously negotiated and agreed and that can be borrowed, repaid and re-borrowed at any time, at the company’s discretion.

On Thursday, March 12, clients cancelled coffees, lunches, dinners and drinks openly citing C-19 as the reason for the cancellations.