The act of transferring property, rights under a contract, or benefits under a trust to another person, or a document (a deed of assignment) facilitating such a transfer. This term also encompasses the transfer of bank loans between financial institutions to mitigate credit risk.
A Bilateral Bank Facility is a loan arrangement made between a single bank and a corporate customer, facilitating a direct relationship between the lender and the borrower. This kind of facility contrasts with a syndicated bank facility, which involves multiple lenders.
The establishment of a long-term relationship between a bank and its corporate customers. The main advantage is that it enables the bank to develop in-depth knowledge of a company's business, which improves its ability to make informed decisions regarding loans to the company. The company expects to benefit by increased support during difficult times.
A bank loan facility that can be traded between lenders, aimed at reducing the credit risk for the originating bank.
