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- Title
Securities-Based Lending.
- Authors
Stevens, Gary; Griesmeyer, Daniel
- Abstract
The article explores securities-based lending, an unknown solution for nonprofits in the U.S. Topics discussed include how securities-based lending works, how payments are structured and how interest is charged. Also mentioned are the benefits and drawback of securities-based lending, as well as a suggestions for certified public accountants (CPAs) advising nonprofits to have a plan for demand versus committed facility, variable rate risk, and exit strategy for repaying the loan.
- Subjects
UNITED States; SECURITIES lending; NONPROFIT organizations accounting; ACCOUNTANTS; VARIABLE rate loans; FINANCIAL risk
- Publication
CPA Journal, 2014, Vol 84, Issue 8, p36
- ISSN
0732-8435
- Publication type
Article