Envoyé: 23 May 2019
What is the nature of a Schuldschein loan, why it is called so and why is it considered a capital markets instrument despite being a loan? What are the advantages and disadvantages? Our German law Schuldschein expert provides an overview of the market, the placement process and the characteristics of the Schuldschein loan as a German law instrument and the legal framework. He discusses the differences between an assignable loan agreement (Schuldscheindarlehen) on the one hand and German law governed registered notes (Namensschuldverschreibungen) on the other hand.