Who are the principal parties to a standby credit agreement?
Answer to relevant QuestionsWhy were credit derivatives developed? What advantages do they have over loan sales and securitizations, if any?What advantages does securitization offer to the lending institutions?How do credit options work? What circumstances result in the option contract paying off?Why do banks and other institutions choose to devote a significant portion of their assets to investment securities? What forms of risk affect investments?
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