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London Club

Page history last edited by PBworks 11 years, 8 months ago

 

The London Club

 

also an ad hoc group of creditors, but where the Paris Club is a group of govenrments, the London Club is a group of commercial banks

 

London club is more concerned with profits

 

Typically wont reschedule interest on loans

 

every bank has right to be there

 

London - no bilateral agreements

 

Just on deal is made.

 

Takes months, rather than days

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