During the a translation authored from the it mentioned: The brand new Panel has actually long stored, about * * * goal area, the new intent behind a loan should not be determined on a thin studies of technology issues significantly less than and this good loan is done * * *
(a) A concern could have been made available to the brand new Panel about whether or not financing by the a bank so you can a common financial support finance are shielded * * * indirectly by margin inventory within the concept of 221.(3)(a), therefore, the mortgage is going to be managed as subject to which region.
(b) Briefly, the main points are listed below. Funds X, an open-prevent financial support providers, inserted on a loan arrangement with Bank Y, that was (whilst still being is) custodian of your own bonds and this comprise new collection out of Loans X. İncele
