Letter of comfort: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Administrator (CSV import) |
imported>Doug Williamson (Layout.) |
||
| (3 intermediate revisions by the same user not shown) | |||
| Line 1: | Line 1: | ||
A formal letter written to a lender, normally by a parent company, indicating a willingness by the parent to accept some responsibility to honour the borrowing obligations of, or to otherwise support, a subsidiary or associated company, but without necessarily | A formal letter written to a lender, normally by a parent company, indicating a willingness by the parent to accept some responsibility to honour the borrowing obligations of, or to otherwise support, a subsidiary or associated company, but without necessarily constituting a legal obligation to do so. | ||
== See also == | == See also == | ||
* [[Letter of awareness]] | * [[Letter of awareness]] | ||
* [[Parent company]] | * [[Parent company]] | ||
===Other links=== | |||
[http://www.treasurers.org/lettersofcomfort A Practical Guide to Letters of Comfort, ACT briefing note September 2013] | |||
[[Category:Long_term_funding]] | |||
[[Category:Manage_risks]] | |||
Latest revision as of 09:12, 11 May 2015
A formal letter written to a lender, normally by a parent company, indicating a willingness by the parent to accept some responsibility to honour the borrowing obligations of, or to otherwise support, a subsidiary or associated company, but without necessarily constituting a legal obligation to do so.
See also
Other links
A Practical Guide to Letters of Comfort, ACT briefing note September 2013
