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Doing Finance in Austria

Bernd Taucher

ISBN 10: 3708905296 / ISBN 13: 9783708905297
Published by Facultas.Wuv Universitäts Sep 2010, 2010
New Condition: Neu
From BuchWeltWeit Inh. Ludwig Meier e.K. (Bergisch Gladbach, Germany)

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Neuware - In recent years the design of credit agreements in Austria for transactions with corporate borrowers has changed. Traditionally credit agreements introduced by Austrian banks for corporate borrowers were short and simple and contained only those rules that seemed most important to the lending banks. In large volume finance transactions banks active in Austria increasingly seek to syndicate their commitments with other banks as syndicate partners. The London based Loan Market Association (LMA), a think tank for syndicated loan markets established in 1996, continuously develops model finance agreements that are widely used in syndicated loan markets. Today Austrian banks increasingly resort to these model agreements as a starting point to draft LMA-like credit agreements gov-erned by Austrian law even if syndication is not required. Based on the text of a sample agreement the author discusses the essential provisions of a credit agreement and their impact for the lender and the borrower. 173 pp. Englisch. Bookseller Inventory # 9783708905297

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Bibliographic Details

Title: Doing Finance in Austria

Publisher: Facultas.Wuv Universitäts Sep 2010

Publication Date: 2010

Binding: Buch

Book Condition:Neu

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