Content Options:

Add to favourites

View Options:

More Resources:

External link Handbook Publications

You are viewing the version of the document as on 2021-01-12.

borrower-lender-supplier agreement

48in accordance with article 60L of the Regulated Activities Order,

  1. (a) a credit agreement to finance a transaction between the borrower and the lender, whether forming part of that agreement or not;
  2. (b) a credit agreement:
    1. (i) to finance a transaction between the borrower and a person ("the supplier") other than the lender, and
    2. (ii) which is made by the lender under pre-existing arrangements, or in contemplation of future arrangements, between the lender and the supplier; or
  3. (c) a credit agreement which is:
    1. (i) an unrestricted-use credit agreement, and
    2. (ii) made by the lender under pre-existing arrangements between the lender and a person ("the supplier") other than the borrower in the knowledge that the credit is to be used to finance a transaction between the borrower and the supplier.