Trustee credit

In the language of the supervisory authorities, a loan in cash or in kind that – an institution grants in its own name for the account of a third party from funds made available to it by a third party, – provided that the trustee’s liability is limited to the proper administration of the loan and the payment of interest and principal; see Section 1, Paragraph 6 of the German “Grosskredit- und Millionenkreditverordnung”.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/