tender panel facility

tender panel facility
United Kingdom
An uncommitted facility under which a company may request competitive bids from a prearranged group of banks (the "tender panel members"). The bids are normally to subscribe for euro commercial paper to be issued by the company or to make short term advances to the company as borrower. A tender panel agent will co-ordinate the bidding procedures on behalf of the company.

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

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • Tender Panel — A method of financing pursuant to the sale of Euro notes through a revolving underwriting facility. Tender panels consist of a select group of 15 to 20 commercial and investment banks and receive permission from a borrower to solicit bids on a… …   Investment dictionary

  • revolving acceptance facility by tender — RAFT An underwritten facility from a bank to place sterling acceptance credits through the medium of a tender panel of eligible banks …   Accounting dictionary

  • revolving acceptance facility by tender — RAFT An underwritten facility from a bank to place sterling acceptance credits through the medium of a tender panel of eligible banks …   Big dictionary of business and management

  • Tenderverfahren — Tender Panel Verfahren; Verfahren zur Unterbringung einer Wertpapieremission im Rahmen einer Auktion. Nach Aufforderung des Emittenten bzw. der Führungsbank (Facility Agent) an die Mitglieder des Bankenkonsortiums (Tender Panel) werden Gebote,… …   Lexikon der Economics

  • Euronotefazilitäten — Sammelbegriff für Techniken zur Absicherung des revolvierenden Absatzes von kurzfristigen Papieren im Euromarkt (z.B. ⇡ Note Issuance Facility (NIF), ⇡ Revolving Underwriting Facility (RUF) oder Euronote Facility (⇡ Euro Notes)). Merkmale:… …   Lexikon der Economics

  • Competitive Bid Option — A form of the commercial loan syndication where banks submit competing bids on a loan. They can also sell their portion of the participation in a loan to other parties. The borrower has a choice of banks to choose from, and will generally pick… …   Investment dictionary

  • environment — environmental, adj. environmentally, adv. /en vuy reuhn meuhnt, vuy euhrn /, n. 1. the aggregate of surrounding things, conditions, or influences; surroundings; milieu. 2. Ecol. the air, water, minerals, organisms, and all other external factors… …   Universalium

  • ECONOMIC AFFAIRS — THE PRE MANDATE (LATE OTTOMAN) PERIOD Geography and Borders In September 1923 a new political entity was formally recognized by the international community. Palestine, or Ereẓ Israel as Jews have continued to refer to it for 2,000 years,… …   Encyclopedia of Judaism

  • Military equipment of Turkey — The military equipment of Turkey includes a wide array of arms, artilleries, large surface vessels, cannons, armored vehicles, mortars, unmanned vehicles and many different equipments. Contents 1 Historical development 1.1 General 1.2 1923 1950 …   Wikipedia

  • performing arts — arts or skills that require public performance, as acting, singing, or dancing. [1945 50] * * * ▪ 2009 Introduction Music Classical.       The last vestiges of the Cold War seemed to thaw for a moment on Feb. 26, 2008, when the unfamiliar strains …   Universalium

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”