Glossary

Find an explanation of most used terms in relation to financial instruments

B (3) | E (4) | F (5) | G (1) | H (1) | L (3) | M (2) | O (1) | P (1) | Q (1) | R (1) | S (6) | W (1)

Title	Term Definition
Beneficiary	In the context of financial instruments, the body that implements the holding fund or, where there is no holding fund structure, the body that implements the specific fund or, where the managing authority manages the financial instrument, the managing authority
Body implementing a financial instrument	A body, governed by public or private law, carrying out tasks of a holding fund or specific fund.
Body providing the underlying loans	A specialised financial institution (e.g. commercial lending banks) providing loans to final recipients of a guarantee financial instrument.