Richard Willsher - Financial Specialist
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MAASTRICHT TREATY
The Treaty on European Union which amended the Treaty of Rome. The Maastricht Treaty established key criteria which member countries needed to achieve in order to be eligible for EMU.

 

MANAGEMENT FEE OR COMMISSION
Payable to a bank for arranging a loan facility or structuring a transaction. It is usually payable before or shortly after funds are drawn. M&A Mergers & acquisitions.

 

MATCH FUNDING
Where a bank arranges its own funding arrangements to match exactly the future repayment(s) under a loan or other lending transaction.

 

MATIF
Marché à Terme International de France.

 

MATURITY DATE
The date on which loan or a discounted cashflow falls due for payment.

 

MEDIOCREDITO CENTRALE
Istituto Centrale per il Credito a Medio Termine. An Italian medium term lending institution which, among other things, is the part of the Italian state export credit system responsible for paying interest rate subsidies. In particular it is well-known for paying such subsidies in the context of forfaiting transactions arising from Italian exports.

 

MERCOSUR
A South American free trade area comprising Argentina, Brazil, Chile, Paraguay and Uruguay.

 

MIGA
The Multilateral Investment Guarantee Agency a division of the World Bank which provides guarantees to support foreign investment in developing countries.

 

MIXED CREDIT
A credit package, typically assembled in support of exports from a wealthy country to a less developed one, which may incorporate elements of Export Credits, Soft Loans, Grant Aid etc.

 

MSCI
Morgan Stanley Capital International.

 

MTN
Medium Term Note.

 

MULTILATERALS
International agencies such as the World Bank set up to assist less developed countries.

 

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