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So he offered as collateral the assets of Merkur, a company he did not yet own.
Hollinger has warned it may default on a $120m bond issue against which the Telegraph has been offered as collateral.
The E.C.B. also announced changes to its refinancing operations whereby lower-rated assets offered as collateral for funds at the central bank would be eligible for less financing.
At the same time, lower-rated assets offered as collateral would be eligible for less funding, on a yet to be defined scale, starting in January, he said.
The central bank also announced changes to refinancing operations whereby lower-rated assets offered as collateral for funds at the central bank would be eligible for less financing.
He persuaded the banks to lend him large sums by presenting records that falsely indicated that he had hundreds of millions of dollars in securities that he offered as collateral.
Similar(45)
Another person briefed on the discussions said American was not having a problem raising financing, because it has enough assets to offer as collateral.
Determine what you will offer as collateral.
What you offer as collateral will determine the rate of your loan.
Factoring differs from borrowing in that the accounts receivable and the responsibility for their collection are actually sold rather than merely offered as loan collateral.
The same paragraph cites "senior aides," however, to report that the list is so financially valuable that it was "briefly offered" as loan "collateral during a cash-flow crunch".
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CEO of Professional Science Editing for Scientists @ prosciediting.com