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Quantitative Finance · Glosarium

Apa itu Side letter, most-favoured-nation clause?

Dikenal juga sebagai: side letter · most-favoured-nation clause

Definition 4.13 The Desk and the Firm · Bab 4 — The Asset Manager and the Fund

A side letter is an agreement between a fund (or its manager) and one investor that varies the fund’s terms for that investor: lower fees, more information, better liquidity, a capacity commitment. A most-favoured-nation clause is a promise that the investor will be offered any better terms given to another investor of the same or smaller size.

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