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Loan notes secured on NCAs and Bank loan secured by floating charge

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › Loan notes secured on NCAs and Bank loan secured by floating charge

  • This topic has 3 replies, 2 voices, and was last updated 6 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • September 28, 2018 at 9:50 pm #475952
    maxpopper
    Member
    • Topics: 177
    • Replies: 132
    • ☆☆☆

    Sir between loan notes secured on NCAs and Bank loan secured by floating charge, which one is less risky and also please highlight the reason?

    September 29, 2018 at 10:33 am #475971
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54719
    • ☆☆☆☆☆

    As far as the lender is concerned the loan notes are less risky because they are more certain to get their money back if the company goes into liquidation (because they are secured on specific assets).

    September 29, 2018 at 5:14 pm #475986
    maxpopper
    Member
    • Topics: 177
    • Replies: 132
    • ☆☆☆

    But if Bank loan is also secured by floating charge on CAs then between bank loan and loan notes secured on NCAs which one will be less risky?

    September 30, 2018 at 9:57 am #476006
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54719
    • ☆☆☆☆☆

    I answered you in my previous post.

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    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘Loan notes secured on NCAs and Bank loan secured by floating charge’ is closed to new replies.

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