Aspects of the Negotiation of an interest Rate Cap

Abstract

Gives background behind and reasons for an interest rate cap. Explains the negotiating process and the documentation. Cautions that interest rates may still be subject to variation and both default and termination conditions must be carefully considered. Cautions also that the purchaser must be careful about which affiliated companies are allowed in the schedule.

Citation

Nicholson, D. (1990), "Aspects of the Negotiation of an interest Rate Cap", Journal of Property Finance, Vol. 1 No. 3. https://doi.org/10.1108/EUM0000000003429