What Is a Committed Facility?

什么是承诺贷款？

A committed facility is a credit facility whereby terms and conditions are clearly defined by the lending institution and imposed upon the borrowing company. A committed facility is a source of credit that has committed to providing a loan to a company. In committed facilities, the borrowing company must meet specific requirements set forth by the lending institution in order to receive the stated funds.

承诺贷款是一种信用贷款，其条款和条件由贷款机构明确规定并强加给借款公司。承诺贷款是已承诺向公司提供贷款的信用来源。在承诺贷款中，借款公司必须满足贷款机构规定的特定要求才能获得规定的资金。

In other words, think of it as binding terms in a contract versus non-binding terms. In the case of a committed facility, the terms laid out are binding for the lender and the borrower.

换句话说，可以把承诺贷款看作是合同中有约束力的条款，而不是无约束力的条款。在承诺贷款中，所列条款对贷款人和额借款人均有约束力。

KEY TAKEAWAYS

要点

·A committed facility is a credit facility where a source of credit is committed to providing a loan to a company.

· 承诺贷款是一种信用贷款，其中信用来源承诺向公司提供贷款。

·The terms of the facility are clearly defined, with the borrower having to meet specific requirements to get the funds.

· 贷款条款明确，借款人必须满足特定要求才能获得资金。

·Terms loans a revolving credit are two types of committed facilities.

· 定期贷款和循环信贷是两种类型的承诺贷款。

·Unlike a committed facility, an uncommitted facility is a credit facility where the lender is not obligated to loan funds when there is a request from the borrower, such as a bank guarantee.

· 与承诺贷款不同，非承诺贷款是一种信用贷款，但当借款人提出请求（例如银行担保）时，贷方无义务借出资金。

How a Committed Facility Works

承诺贷款的运作方式

The terms committed and uncommitted facilities are used to refer to the terms and conditions of capital funding for short- or long-term agreements. With a committed facility, once the terms and conditions of the loan contract have been agreed upon, the lender must advance money to the borrower when requested. In return, the borrower pays the lender a commitment fee—a fee payable to a lender on available but undrawn amounts and calculated as a percentage of those undrawn funds from time to time.

承诺和非承诺贷款两个术语用于指代短期或长期协议的资本融资条款和条件。有了承诺贷款，一旦贷款合同的条款和条件达成一致，贷款人必须在借款人要求时向借款人预付资金。作为回报，借款人向贷方支付承诺费——根据可用但未提取的金额支付给贷方的费用，并不时按未提取资金的百分比计算。

With a committed facility, the bank agrees to provide funds up to a maximum limit for a specified period of time and at an agreed interest rate. Although the terms and conditions are stringent and specific on how the funds are to be used, borrowing firms receive a guaranteed source of funding for the duration of the agreement.

对于承诺贷款，银行同意在指定的时间段内以商定的利率提供最高限额的资金。尽管条款和条件对于资金的使用方式有严格和具体的规定，但借款公司在协议有效期内可以获得有保证的资金来源。

Types of Committed Facilities

承诺贷款的种类

There are a number of committed facilities that borrowers use to obtain loans, two of which are term loans and revolving credit facilities.

借款人获得贷款的承诺贷款方式有多种，其中两种是定期贷款和循环信贷。

Term Loans

定期贷款

A term loan allows a borrower to draw a lump sum of capital for a period of time, usually not more than five years. The loan is to be repaid in accordance with a predetermined payment schedule and may be prepaid in part or in full before the dates specified in the repayment schedule. However, any amount repaid cannot be re-borrowed. Since the borrower can control how much it borrows from the committed facility, it also controls the interest it pays.

定期贷款允许借款人在一段时间内一次性提取资本，通常不超过五年。贷款应根据预定的还款时间表偿还，并可在还款时间表中指定的日期之前部分或全部预付。但是，任何已偿还的金额均不得再借。由于借款人可以控制从承诺贷款中借款的金额，因此也可以控制其支付的利息。

Revolving Credit

循环信贷

Like a term loan facility, a revolving credit facility provides a maximum loan amount over a specified period of time. Unlike a term loan, any amount repaid can be re-borrowed with revolving credit. The borrower may draw down and repay tranches up to a maximum amount of capital whenever it chooses during the term of the loan.

与定期贷款一样，循环信贷提供特定时期内的最大贷款额。与定期贷款不同，任何偿还的金额都可以通过循环信贷重新借款。借款人可以在贷款期限内随时选择提取和偿还最高限额的资金。

The borrower can often select a period of interest and fix the interest rate it pays over that period for each advance it draws.

借款人通常可以选择一个利息期，并确定其在该期限内为其提取的每笔预付款支付的利率。

With revolving credit, borrowers may be faced with high commitment fees and may have minimum and maximum limits on the amount that can be withdrawn at any one time.

使用循环信贷，借款人可能面临高额承诺费，并且可能对可以随时提取的金额有最低和最高限制。

Committed Facility vs. Uncommitted Facility

承诺贷款 vs. 非承诺贷款

As opposed to a committed facility, an uncommitted facility is a credit facility in which the lender is not obligated to loan funds when there is a request from the borrower. An uncommitted facility is mostly used for temporary purposes in financing the short-term needs of a borrowing company. Types of uncommitted facilities include overdraft, the futures market, and bank guarantees.

与承诺贷款不同，非承诺贷款是一种信用贷款，当借款人提出要求时，贷款人没有义务借出资金。非承诺贷款主要用于为借款公司的短期需求融资的临时目的。非承诺贷款的类型包括透支、期货市场和银行担保。

By JULIA KAGAN

作者： Julia Kagan

Updated May 27, 2021

更新于2021年5月27日

Reviewed by ERIC ESTEVEZ

审校：Eric Estevez

Translated By WANGLULU

翻译：王碌碌