Mar 5, 2021 13:35
3 yrs ago
18 viewers *
English term
Italy
Business and Legal Background
Native in: Russian
Works in: English to Russian, Russian to English, Italian to Russian, and 3 more.
fronting bank
English to Russian
Bus/Financial
Finance (general)
The Bank would be the fronting bank issuing the Bond
Proposed translations
41 mins
Mikhail Zavidin
Native in Russian
Specializes in field
The key thing is: be a perfectionist.
Native in: Russian 
Works in: English to Russian, Russian to English, Russian
Related KudoZ points
:
446
Selected
банк-участник синдиката кредиторов/фронтирующий банк
фронтирующий банк мне лично не нравится, однако такой термин мелькает в сети
Fronting bank
In the context of syndicated credit facilities, a lender which issues a letter of credit, bond or guarantee on behalf of the lenders in the syndicate. The fronting bank is directly liable to the beneficiary for the full amount of the letter of credit, bond or guarantee but is counter-indemnified by the syndicate lenders pro-rata to their participation in the relevant facility. The beneficiary does not have any direct payment rights against the syndicate lenders.
https://uk.practicallaw.thomsonreuters.com/2-383-8401?transi...
Fronting bank
In the context of syndicated credit facilities, a lender which issues a letter of credit, bond or guarantee on behalf of the lenders in the syndicate. The fronting bank is directly liable to the beneficiary for the full amount of the letter of credit, bond or guarantee but is counter-indemnified by the syndicate lenders pro-rata to their participation in the relevant facility. The beneficiary does not have any direct payment rights against the syndicate lenders.
https://uk.practicallaw.thomsonreuters.com/2-383-8401?transi...
4 KudoZ points awarded for this answer.
37 mins
Denis Fesik
Native in Russian
Works in field
10+ years working on only tough projects
Native in: Russian
Works in: English to Russian, Russian to English
Related KudoZ points
:
28
Предполагается, что фронтировать риски, связанные с выдачей гарантии, будет банк...
это жаргон финансистов (т. е. он будет служить «фасадом» сделки); также я гадаю, что речь идет о bond как о гарантии, а не как об облигации
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