LPC Law Notes Finance and Capital Markets Notes
A collection of the best Capital Markets and Loans* notes the director of Oxbridge Notes (an Oxford law graduate) could find after combing through dozens of LPC samples from outstanding students with the highest results in England and carefully evaluating each on accuracy, formatting, logical structure, spelling/grammar, conciseness and "wow-factor".
In short, these are what we believe to be the strongest set of Capital Markets and Loans notes available in the UK this year. This collection is...
The following is a more accessible plain text extract of the PDF sample above, taken from our Finance and Capital Markets Notes. Due to the challenges of extracting text from PDFs, it will have odd formatting:
COMMON TYPES OF FACILITY | |||
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OVERDRAFT | TERM LOAN | REVOLVING CREDIT FACILITY (RCF) | |
Purpose | A tool to aid cash flow by providing a reserve of easily accessible money to meet any shortfall in working capital (aka “working capital facility” (WCF)) Should be used temporarily. Once cash flow has recovered, should be used to reduce borrowing from overdraft. | Provides company with lump sum for a specific purpose e.g. setting up business renewing assets (“capital expenditure”) or acquisitions. |
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Basic Features |
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Committed or uncommitted | Uncommitted | Committed (Usually) | Committed (Usually) |
On Demand | Yes – must be repaid (reduced to zero) whenever bank demands. Generally not done without reason | No (usually) – bank cannot withdraw facility unless the borrower defaults | No |
Can capital be re-borrowed once repaid? | N/A | No | Yes - rollover |
COMMON TERM LOAN REPAYMENT TIMETABLES | ||
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AMORTISATION | BALLOON REPAYMENT | BULLET REPAYMENT |
Repayment in equal amounts at regular intervals over the term of the loan. Usually a repayment ‘holiday’ at beginning of term | Repayment over several instalments where the instalment amount increase in size towards maturity | Repayment in a single instalment at the end of the term of the loan |
STAGES OF SYNDICATION IN A LARGE FACILITY | ||
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STAGE 1 | STAGE 2 | STAGE 3 |
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Buy the full version of these notes or essay plans and more in our Finance and Capital Markets Notes.
A collection of the best Capital Markets and Loans* notes the director of Oxbridge Notes (an Oxford law graduate) could find after combing through dozens of LPC samples from outstanding students with the highest results in England and carefully evaluating each on accuracy, formatting, logical structure, spelling/grammar, conciseness and "wow-factor".
In short, these are what we believe to be the strongest set of Capital Markets and Loans notes available in the UK this year. This collection is...
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