Backup Line of Credit

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Backup Line of Credit

A bank assurance of funds obtained by an issuer of commercial paper to protect the CP investor from default. The issuer pays a commitment fee to the bank.

Backup Line of Credit

A bank's guarantee of an issuer's commercial paper. Commercial paper is a short-term, unsecured debt security usually issued by a company with a very high credit rating. As a result, commercial paper is very low-risk. The backup line provides additional security for the paper, but usually does not provide credit for the full value of the paper. The issuer pays a fee to the bank for the backup line.
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EPIC RATP has a EUR2 billion domestic commercial paper programme without any backup lines.
The statement, meantime, warned the terrorist grouplets that have deployed in Northern Iraq for the past several years and are backed up by Tehran's enemies to stir insecurity in Iran of IRGC's crushing and harsh response to any hostile move, and vowed to target their backup lines no matter where they are.
3 The provision of Internet access services at the Purchaser in Warsaw based on the main and backup lines for Internet access services, and the provision of Internet access services in the local body in Golawice based on one such link, ensuring Functionalities Internet access,1.
Around 2,000 barrels of oil were lost in the incident, however, production did not come to a halt as the oilfield is equipped with backup lines, said a ministry official.
Backup lines typically kick in, keeping the power on.
If commercial and investment banks are forced to trim their risk exposure and shore up their capital positions, might they not scale back their extension of credit, their provision of backup lines, and their willingness to make markets in risky securities?
The runoff in commercial paper significantly reduced the demand for commercial paper backup lines of credit, which are provided mainly by large commercial banks.
The omnipresent Indigo Girls figure on this CD too: Emily Saliers and Amy Ray sing backup lines like "Keep it to yourself" on Grauer's angry diatribe against "Gossip.
Based on what happened in the first round, the backup lines might decide the upcoming series between the Red Wings and Mighty Ducks.
The process of liquidity analysis includes a review of near-term debt maturities, contingent obligations based on rating or other triggers and the adequacy of committed backup lines and liquid assets to cover these obligations in the event that an issuer's access to bank and/or capital markets is denied or reduced.
For the primary communication line background coupled optical lines and backup lines of communication to another independent technology.
Best monitors other liquidity sources such as access to capital markets, holding company resources and backup lines of credit when determining ratings.