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Credit line (See Chapters 22 and 49 of the Vernimmen)
Credit line is a commitment of the bank to provide funds at the request of the borrower. In Return for this commitment, the borrower pays an additional fee. A credit line can be seen as an Option to raise a loan on predetermined terms and conditions. See also committed facilities. Credit line can be also called confirmed credit line.
Credit line (See Chapters 22 and 49 of the Vernimmen)
Credit line is a commitment of the bank to provide funds at the request of the borrower. In Return for this commitment, the borrower pays an additional fee. A credit line can be seen as an Option to raise a loan on predetermined terms and conditions. See also committed facilities. Credit line can be also called confirmed credit line.
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