Credit Facility

Any facility which includes any arrangement or agreement which extends monetary credit whether funded or unfunded to a Person including but not limited to any loan or syndicated loan, mortgage, overdraft, financial lease, letter of credit, financial guarantee, trade finance, transaction finance, project finance, asset finance, or the financing, discounting or factoring of invoices.

For the purposes of this definition, “monetary credit” means any credit denominated in a national currency, supranational currency or unit of precious metal having a currency designation under the ISO 4217 (being the International Organization of Standardization (ISO) standard for the delineation of currency designation).

Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]
[Amended] DFSA RM225/2018 (Made 6th June 2018). [VER40/08-18]
[Added] DFSA RMI292/2020 (Made 16th December 2020). [VER49/02-21]