CreditWiseConfident Decisions

Pari Passu Letter

Formal banking document issued by an existing lender to confirm equal ranking of charges for consortium members.

Letter Wizard

Step 1 of 3
1
Borrower
2
Exposure
3
Recipients
Borrower Identification

Legal Binding

Confirm that charges created in favor of new lenders will rank equally ("on equal footing") with existing lenders as per the Inter-Se agreement protocols.

Filing Requirement
Necessary for filing particulars of charge (Form CHG-1) with the ROC to reflect the shared security interest.