Banking · Consortium Finance and Multiple Banking
Under a Multiple Banking Arrangement (MBA), as opposed to a Consortium Finance arrangement, the relationship between the borrower and the participating banks is primarily defined by:
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- 1independent assessment of credit needs and separate documentation by each individual bank.✓
- 2the mandatory execution of a common Inter-Creditor Agreement (ICA) for every credit limit.
- 3a single joint appraisal report prepared by the lead bank that is binding on all other lenders.
- 4the requirement that all banks must provide an equal share of the total working capital requirement.
Correct answer
independent assessment of credit needs and separate documentation by each individual bank.
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