swingline

swingline
A swingline facility is a very short term (not more than five days) bridging loan which can be drawn down on the same day a drawdown request is made. Its purpose is to guarantee that the borrower will have enough money, in the correct currency, to support a euro commercial paper (ECP) issue.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • Swingline — es una división de ACCO Brands que se especializa en la fabricación de grapadoras y perforadoras. La compañía fue situada en Long Island City, Queens, Nueva York, Estados Unidos, pero ahora es sede de su empreza matriz ACCO en Lincolnshire,… …   Wikipedia Español

  • Swingline — infobox company name = Swingline company type = Subsidiary of ACCO Brands foundation = 1925 (New York City) location = Lincolnshire, IllinoisSwingline is a division of ACCO Brands that specializes in manufacturing staplers and hole punches. The… …   Wikipedia

  • swingline loan — USA A swingline facility is a sub limit of a syndicated revolving credit loan whereby a lender makes a short term (operating not more than five days) loan, in smaller amounts, on shorter notice and with a higher interest rate than is otherwise… …   Law dictionary

  • swingline facility — USA A swingline facility is a sub limit of a syndicated revolving credit loan whereby a lender makes a short term (operating not more than five days) loan, in smaller amounts, on shorter notice and with a higher interest rate than is otherwise… …   Law dictionary

  • swingline bank facility — swingline loan A facility that enables a borrower to avail itself of funds at very short notice, usually on a same day basis, often to cover shortfalls in other credit arrangements. It may form part of a multi option facility …   Accounting dictionary

  • swingline loan — swingline bank facility …   Accounting dictionary

  • swingline bank facility — swingline loan A facility that enables a borrower to avail itself of funds at very short notice, usually on a same day basis, often to cover shortfalls in other credit arrangements. It may form part of a multi option facility …   Big dictionary of business and management

  • Swingline Loan — A loan that grants institutions access to large amounts of cash in order to cover possible shortfalls from other debt commitments. You could compare this to a line of credit or demand loan, as a swingline loan gives companies immediate access to… …   Investment dictionary

  • Swingline facility — Bank borrowing facility to provide finance while the firm replaces U.S. commercial paper with eurocommercial paper. The New York Times Financial Glossary …   Financial and business terms

  • swingline facility — Bank borrowing facility to provide finance while the firm replaces US commercial paper with eurocommercial paper. Bloomberg Financial Dictionary …   Financial and business terms

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