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London Club

Page history last edited by PBworks 11 years, 11 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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