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The initial £7m funding was borrowed on Thameswey's behalf by Woking council, which then lent it back to the company at 2% above the going interest rate.
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Even strong banks in "core" euro-area countries are being frozen out of markets.A second vital source of funding is borrowing through short-term interbank markets or tapping money markets.
These funds were borrowed in dollars and are increasingly expensive to finance.
Today, many state funds are borrowing from the federal government.
Some say they believe that funds are borrowing $1 for every $1 of invested capital, while others put the ratio as high as four to one.
The funds are borrowing as much as 10 times what they invest in some trades, analysts and traders say, contributing to short-term volatility that has complicated the energy purchases of many large energy users.
Fall 2009: Although rates keep refusing to soar, the story I hear is that it's all because hedge funds are borrowing short and lending long, and that it's going to end in grief any day now when this "carry trade" collapses.
Fixed-income funds are borrowing short term and channeling the money into short-term instruments in a sort of holding pattern.
The purposes for which funds may be borrowed and the duration of the issue are also frequently restricted.
There is an 18-month window in which funds can be borrowed from the Bank, with the money lent for up to four years.
We have to ask ourselves from where are these funds to be borrowed by the USA coming from as there is an argument that people are becoming seriously dollar shy.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com