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What banks can do for small-scale businesses, particularly merchants who routinely work with their suppliers on credit, is less loans for investment or trade finance than overdraft facilities to match their assets and liabilities.
The Credit Suisse analysts insist they are not expecting the euro area to break up - or for Greece to leave - but they believe it is likely there will be a dramatic reduction in cross-border business - leading to less loans for businesses and individuals.
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A week into the big bailout, banks are beginning to charge each other less for loans and companies are finding it easier to borrow short term.
Six lenders offer personal loans for less than 5% on sums of between £7,500 and £15,000, says data analyst Moneyfacts.
Loans for more than $625,500 are priced about 1.7 percentage points above loans for less than $417,000, said Keith Gumbinger of HSH Associates, a financial publisher.
If the banks sell the loans for less than they are valued on their books, they will be forced to take write-downs against their losses.
The other includes some traditional banking businesses into which Barclays wants to inject investment-banking savvy, such as financing big infrastructure projects and providing loans for less creditworthy companies.In this section How big is Asia?
To reassure investors, the special purpose entities entered into swap agreements with Bank of America and other big banks, in which the banks promised to make up the difference if the entities could not retain financing and therefore had to sell loans for less than par value.
Banks responded by greatly easing lending standards through 2004, structuring and syndicating loans for less creditworthy borrowers.
And to get to the stage where lenders are willing to discuss settling the loans for less, you have to be delinquent.
Citigroup set aside $506 million less for loan losses than it did a year earlier.
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CEO of Professional Science Editing for Scientists @ prosciediting.com