The Law of Corporate Finance: General Principles and EU Law: Volume III: Funding, Exit, Takeovers

112 4 Debt equity securities offered to the public or admitted to trading on a regulated market. The scope of the Prospectus Dir ...

4.5 Particular Remarks on Corporate Bonds 113 they have an impact on European bond markets. Fifth, the nature of bonds also in- ...

114 4 Debt vative. Empirical analysis shows that the market for euro-denominated credit de- fault swaps leads prices of underlyi ...

4.5 Particular Remarks on Corporate Bonds 115 a limited extent at the EU level. The European securities post-trading infrastruc- ...

116 4 Debt rective; the Market Abuse Directive; the Settlement Finality Directive and the Collateral Directive; as well as the C ...

4.5 Particular Remarks on Corporate Bonds 117 guarantees and security; and terms of any intercreditor arrangements that affect s ...

118 4 Debt services to clients,^158 among other things. According to the MiFID, detailed im- plementing rules should differentia ...

4.6 Particular Remarks on Securities in the Money Market 119 and accounting separation. However, the Code will initially apply e ...

120 4 Debt The euro area money market plays a crucial role in transmitting the monetary policy decisions of the ECB (see Volume ...

4.6 Particular Remarks on Securities in the Money Market 121 Community law. Due to the diversity of short-term securities and th ...

122 4 Debt and one of the forms of investment services covered by the MiFID is the “placing of financial instruments”.^193 Money ...

4.6 Particular Remarks on Securities in the Money Market 123 Settlement finality and collateral. In money markets, participants ...

124 4 Debt need for special credit protection, and so ECP does not contain events of default or a negative pledge provision. It ...

4.7 Particular Remarks on Syndicated Loans 125 the principal purposes of TEFRA is to discourage the issue of bearer bonds in the ...

126 4 Debt When the meltdown of financial markets in 2008 made it difficult to sell debt securities to investors, the syndicate ...

4.7 Particular Remarks on Syndicated Loans 127 basis” (meaning that they agree to subscribe for the loan and will sell the loan ...

128 4 Debt For example, this is a typical obligations several clause: “Nature of bank’s obligations. The obligations of each Ban ...

4.7 Particular Remarks on Syndicated Loans 129 Table 4.2 Agent’s Duties “The Agent, the Managers and the Banks. Each Manager and ...

130 4 Debt ciple is complemented by “sharing”. Funds repaid by the borrower to a bank in excess of that bank’s share of the loan ...

5 Equity and Shareholders’ Capital.............................................................. 5.1 The Equity Technique, Diffe ...