Facility Agent
The link between the lenders and the borrower to ensure compliance of all the terms of sanction, creation of security, disbursement(s) out of the loan etc.
STCL
- monitors compliance with the terms of sanction.
- facilitates and ensures execution of financing and security documents.
- monitors and ensures fulfilment of the pre-disbursement conditions.
- facilitate flow of information between the parties to the transaction.
- convenes meeting(s) as may be desired by the parties.
- operates bank accounts.