finance document

International

Also known as a credit document.

This term usually refers to the main documents in a financing transaction under which an obligor owes financial obligations to (or which otherwise create a liability in favour of) a lender (or lenders), agent, arranger or other secured party (for example, a swap counterparty).

It is often used as a defined term and, although the parties may designate any document a finance document, it typically includes:

• facility agreements.

• security documents (such as mortgages and charges).

• guarantees and indemnities (indemnity).

• agreements appointing security trustees.

• swaps and other derivative contracts.

• priority and ranking agreements (such as intercreditor agreements).

• drawdown requests.

• fee letters.